PPP Loan Forgiveness (3 hours)

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Jul 14, 2020

Registration: 12:30 PM / Program: 1:00 PM - 3:46 PM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

When the Payment Protection Program (PPP) was rolled out in late March, it brought along with it a maze of dos and don'ts that complicated the finances of many small businesses. This course will help EAs and tax attorneys navigate that maze and will discuss what happens now that your clients have received their PPP loans. In addition to common sense approaches to navigating the PPP loan, you will be provided with information on how to assist clients in avoiding declaring the loan as income and getting maximum loan forgiveness.

In light of the recent legislative changes on June 3, we've added a 15 minute video update to the beginning of this program.

Designed For

CPAs, EAs, and other financial professionals

Objectives

  • Explain PPP loan use and forgiveness
  • Identify CARES Act PPP statutory provisions
  • Discuss SBA Treasury Interim Guidance
  • Navigate FAQs for lenders and borrowers

Major Subjects

  • CARES Act PPP Statutory Provisions
  • SBA Website Treasure Interim Guidance
  • Proper PPP loan borrowing uses
  • Maximizing PPP loan forgiveness – Form 3508

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.