By Keiter CPAs
SBA PPP LOAN FORGIVENESS RULES
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.
What your business needs to know about the Payroll Protection Program Forgiveness Application
The U.S. Treasury has released a Paycheck Protection Program (PPP) 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:
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Key Terms
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Forms
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Payroll Costs
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Non-Payroll Costs
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Forgiveness Reduction Calculations
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Safeharbor Provisions
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Document
This webinar was recorded from a live event on May 19, 2020.
Disclaimer: This content has been prepared for general guidance and informational purposes only based on the date published.
The FFCRA, CARES Act, and SBA Paycheck Protection Program (PPP) are continually releasing new guidance that may change the information provided within this content. Keiter recommends that you perform your own independent research and/or speak with a qualified accounting professional before making any financial business decisions. © 2021 Keiter, All Rights Reserved.
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About the Author
Keiter CPAs
Keiter CPAs is a certified public accounting firm serving the audit, tax, 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 services, construction, real estate, manufacturing, retail & distribution industries and nonprofits. We also provide business valuations and forensic accounting services, family office services, and inbound international services.
More Insights from Keiter CPAsThe 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.
