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Planning to Ensure Full Forgiveness for Your PPP Loan Webinar

May 5, 2020

Many organizations that have received a Paycheck Protection Program loan in the recent weeks may not have taken a close look at the Program’s loan forgiveness rules and recent compliance updates. While it may have been a relief to receive the PPP loan, now is the time to carefully forecast your organization’s use of PPP funds and employment picture to maximize loan forgiveness. This webinar will cover:

  • How PPP loan forgiveness works,
  • The tests an organization needs to meet in order to not repay the funds,
  • Updated eligibility standards causing companies to return PPP loan proceeds,
  • Recordkeeping requirements and other best practices.

This webinar will help PPP borrowers develop a loan forgiveness plan, which should be accomplished before the borrower receives PPP funds, or as early as possible thereafter to avoid future issues.

Date: Thursday, May 7, 2020

Time: 10 am – 11 am

Fee: No charge

Registration: https://zoom.us/webinar/register/WN_80VcQbQ9SrK-tdazhWo1SA

Presenters:

Mindi Johnson Mike Zahrt Taylor Gast
Mindi Johnson Mike Zahrt Taylor Gast
  

  

Lansing

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Southfield

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Grand Rapids

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Detroit

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Holland

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St Joseph

  

Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.

IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.

Copyright © 2020 Foster Swift Collins & Smith, PC.

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