Keiter Webinar: An Overview of the PPP Loan Forgiveness Application

Keiter Webinar: An Overview of the PPP Loan Forgiveness Application

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Our advisors are closely monitoring the business impacts related to COVID-19. We are here to provide valuable resources as well as sound advice and strategies to move your business forward through this economic downturn.

If you have questions about how these changes impact your unique business situation, please contact your Keiter Representative or Keiter Advisors. We are here to listen and provide sound advice.

What your business needs to know about the Payroll Protection Program Forgiveness Application

The U.S. Treasury has released a Paycheck Protection Program Loan Forgiveness application and instructions. The form, and accompanying instructions, provide borrowers with answers to common questions around the PPP loan forgiveness provisions.

Matt Austin, Managing Director, Keiter Advisors and Scott Zickefoose, Tax Senior Manager, explore the new provisions and clarifications contained within the new application and instructions.

Topics Include:

  • Key Terms

  • Forms

  • Payroll Costs

  • Non-Payroll Costs

  • Forgiveness Reduction Calculations

  • Safeharbor Provisions

  • Document

This webinar was recorded from a live event on May 19, 2020.

Disclaimer:  This presentation has been prepared for general guidance and informational purposes only based on the date published. © 2020 Keiter, All Rights Reserved.

Additional Resources

COVID-19 Business Resource Library


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

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