On Friday night, May 15, 2020 the SBA/Treasury came out with official guidance on the Paycheck Protection Program (PPP) Loan Forgiveness calculation. This recorded update includes some highlights of this guidance as well as additional information that came out last week.
Highlights from this Webinar include:
- Recent FAQs from the Treasury on the Paycheck Protection Program (PPP)
- IRS Notice 2020-32 – Deductibility of PPP Expenses
- Highlights of the SBA PPP Loan Forgiveness Application
- HEROES Act – Passed House on May 15, 2020
For additional information, check out the Diversified Capital Management Market Week Update.
This video lasts about 30 minutes. If you have feedback or suggested topics please email firstname.lastname@example.org.
Nicole Teska, CPA, CFE, is a Partner at Bowers & Company CPAs. Reach her at 315-234-1169 or email@example.com.
Bob Teska, CPA, CCIFP, is a Partner-in-Charge of Construction Services at Bowers & Company CPAs. Reach him at 315-234-8157 or firstname.lastname@example.org.
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Disclaimer: To ensure compliance with requirements imposed by the Department of Treasury, we inform you any U.S. federal tax advice contained in this document or video is not intended for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter that is contained in this document.