The Nuts and Bolts of PPP Loan Forgiveness
A Deep Dive into the PPP Loan Forgiveness Application and Recent Changes.
On June 5, Congress dramatically changed the PPP program and the rules to be used for forgiveness. Join Attorney Ron Gardner to learn more about the Updated Loan Forgiveness Application in Response to the PPP Flexibility Act.
The Program will cover the both of the new application forms (long form and “EZ”), including discussions of the following:
- How using the newly enacted 24-week Covered Period increases the limits for forgivable amounts spent on both owner and employee compensation;
- The newly enacted 60% threshold for payroll costs and how to maximize forgiveness using this percentage
- How to determine if you are eligible to use the new “EZ” forgiveness application;
- Whether you can choose to still use the 8-week covered period; and
- How the safe harbors for FTE and salary/hourly wage rate reductions have changed—and how a newly announced safe harbor might also help you maximize forgiveness.
PRESENTERS:
Ron Gardner, Dady & Gardner, P.A.
MODERATED BY:
Dan Louismet, MADA General Counsel
This webinar is recommended for GM’s, COO's, CFO's, controllers, office managers, HR management.
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