COVID-19 Market Update Regarding Paycheck Protection Program and More

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


Nicole Teska, CPA, CFE, is a Partner at Bowers & Company CPAs. Reach her at 315-234-1169 or

Bob Teska, CPA, CCIFP, is a Partner-in-Charge of Construction Services at Bowers & Company CPAs. Reach him at 315-234-8157 or

Bowers & Company CPAs aims to offer helpful information to our clients and friends. Learn more about how we can help should your business need accounting and financial services.

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.

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