PPP (Part 4): Paycheck Protection Program – The Finals (2 hours - afternoon) – NEW ADDITION! – Webcast

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Jun 30, 2020

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

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

This Webcast (Part 4) Will Focus on Two Primary Advanced Issues:

  1. Understanding the final SBA rules for loan forgiveness and a step-by-step process for completing SBA Form 3508 and 3508EZ in a manner that most favors borrowers (there are still open interpretations). Participants will be provided with the newest FTE rules, including safe harbors and exceptions, along with example FTE calculations for all reference and Covered Periods. Participants will also be provided with the newest rules related to salary / wage safe reductions and safe harbors. Finally, participants will be led through the process of completing SBA Form 3508 and SBA Form 3508EZ while including commonly asked questions by borrowers and CPAs; and
  2. Areas of risk for accountants assisting in the PPP process and practical ways to reduce risk.

The instructors are extremely highly rated and are recognized national experts. Mr. Holmes has been hired by a large financial institution to manage the entity’s entire PPP Loan forgiveness process. Everything you’ll want to know or ask will be available for participants.

Designed For

CPAs, financial, legal and other advisors who are responsible for assisting clients in managing the PPP forgiveness process may benefit significantly from this program.

Objectives

Participants will walk away with all you need to know (step-by-step) to complete loan forgiveness and reduce accounting malpractice litigation risks.

Major Subjects

  • Understanding the final SBA rules for loan forgiveness and a step-by-step process for completing SBA Form 3508 and 3508EZ in a manner that most favors borrowers (there are still open interpretations)
  • The newest FTE rules, including safe harbors and exceptions, along with example FTE calculations for all reference and Covered Periods
  • The newest rules related to salary / wage safe reductions and safe harbors.
  • Walk through the process of completing SBA Form 3508 and SBA Form 3508EZ while including commonly asked questions by borrowers and CPAs
  • Discuss areas of risk for accountants assisting in the PPP process and practical ways to reduce risk

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.


Leaders

Laura Caldera

Laura Caldera focuses her representation of clients in three areas: professional liability litigation, business disputes, and intellectual property litigation. Architects, engineers, accountants, and other professionals hire Laura to defend them against allegations of professional malpractice and represent them before professional boards. Intellectual property clients engage her to represent them for trademark, copyright, trade secret, and patent disputes.

Her approach is consistent regardless of the area of the law: gain a full understanding of the issues, but more importantly, the client's needs. Once understood, she prepares a vigorous defense or representation that draws on her many years of successful trial experience.

This same approach is put to work for clients with directors and officers (D&O) liability, securities fraud, business divorces, fraudulent transfer disputes and other complex business litigation. Her role in one of Oregon's most complex commercial bankruptcies means clients get the experienced representation they need. Laura is confident in her trial work in state and federal courts across multiple jurisdictions. But, not all representation involves a trip to the courthouse. Laura understands that arbitration and mediation can be a more rewarding approach to a problem when weighing risk and reward.

Laura's professional organization leadership complements her practice focus. She has served in many roles with INTA, the International Trademark Association. She served on the Board of Directors for the National Conference of Women's Bar Associations from 2011-2013 and served as president of Oregon Women Lawyers from 2008-2009. Laura's community and civic work focuses on children, including her involvement with Ainsley's Angels in Oregon.

William Holmes

William (Bill) Holmes has approximately 30 years of experience in public accounting and private industry. He began his career in Portland, Oregon at Deloitte and was a corporate controller and principal accounting officer for a publicly traded international manufacturing and technology company.

Mr. Holmes serves as plaintiff and defense counsel consultant and subject matter expert in complex litigation cases involving accountants’ professional liability, anti-trust, bankruptcy, business valuation, commercial contract disputes, construction defects, criminal defense (“white-collar” crime), economic damages, embezzlement, employment matters, forensic accounting, intellectual property, personal injury, securities fraud, and shareholder rights and oppression. Mr. Holmes is an invited speaker for defense law firms and related organizations on topics including accountants’ liability and consults with several national (professional liability) insurance company risk management departments on matters involving accountants’ liability.

His past project experiences include all aspects of internal and external financial and public reporting, litigation support, mergers and acquisitions, budgeting and forecasting, corporate and individual tax planning and compliance, bank and corporate finance, and investor relations.

Mr. Holmes’ primary industry experiences include manufacturing and distribution, software and technology, airlines and helicopters, agriculture and nurseries, food processing, professional services, construction, real estate and development, assisted living facilities (ALF) and tenants in common (TIC), retail and wholesalers, publishing, and music and entertainment.

Mr. Holmes has worked with start-up, rapidly growing and troubled companies, organizational management restructuring, initial and secondary public offerings, private placements of debt and equity, ESOPs, and corporate ownership transition, including family-owned business planning.

He is a member of the Oregon Society of Certified Public Accountants, American Institute of Certified Public Accountants, National Association of Certified Valuation Analysts, and Association of Certified Fraud Examiners. Mr. Holmes served on the Oregon Board of Accountancy Complaints Committee (BOACC) for 5 years and has served on multiple non-profit Boards throughout his career.

Mr. Holmes holds a Bachelor of Science degree from Oregon State University where he graduated with honors.

Thomas Hutchinson

Tom Hutchinson's Washington and Oregon business litigation practice focuses on advising entities and individuals regarding a wide range of issues with an emphasis on disputes involving financial matters. After obtaining a Bachelor of Science degree in Accounting, he spent three years as a financial consultant with a top-tier CPA firm. His areas of expertise include all varieties of commercial disputes, litigation involving claims against attorneys, accountants, and financial advisors, and general contract litigation. He has handled matters involving corporate director and officers, including Securities and Exchange Commission investigations. Tom has also been involved in a number of matters involving Registered Investment Advisors, hedge funds, venture capital funds, and mortgage backed securities.

Tom is a ranked lawyer in Chambers USA, America's Leading Lawyers for Business. In 2020, Chambers observed stated that he "leverages his background in accounting when representing clients from the financial services sector in business litigation. He is additionally instructed by clients in the real estate sector, as well as nonprofits." His clients describe him as "a prepared and thoughtful attorney."