ON-DEMAND WEBINAR

PPP – REVISED LOAN FORGIVENESS APPLICATION RELEASED

"Another great CohnReznick Webinar." —

The Details
On June 16, 2020, the Small Business Administration (SBA) released the revised loan forgiveness application as a result of the Paycheck Protection Program Flexibility Act (PPPFA), improving limitations of the original program that did not benefit the small business community. These long-awaited revisions eased some restrictions for borrowers and have improved upon the amount of forgivable principal, but a trusted advisor is needed to review these complex calculations. In order to get to that full loan forgiveness, recipients must navigate a process with intricate rules and difficult calculations, and any forgiveness application errors, documentation missteps, and other lapses mean exposure: A risk of leaving some PPP loan forgiveness on the table.


Topics to be discussed include:
  • Overall revisions to the new PPP loan forgiveness application
  • Considerations of eligible payroll and non-payroll costs
  • Calculation of FTEs, salary computations, rehire exemptions, and safe harbor provisions
  • Updates to the forgiveness calculation
  • The importance of good governance and benefits of an Agreed-Upon Procedure (AUP)


Please note the webinar will be played through your web browser. Speakers or a headset is required.
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Jeffrey Bobrosky, CPA
Partner, CohnReznick        
Speaker
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Stephanie O’Rourk, CPA
Partner, CohnReznick
Speaker
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