Скачать или смотреть Understanding PPP Load Forgiveness with Ed Gines

Unprecedented times call for unprecedented measures. When the Federal government rolled out the Paycheck Protection Program as part of Coronavirus relief, many who qualified jumped at the opportunity to help keep their employees on the payroll. And while it has been a lifesaver for many businesses, the application process was challenging, and the rules were vague. Now that we are on the other side, looking to get that loan forgiven, it seems the forgiveness process isn’t any less confusing.

Join us for this webinar with PPP Loan expert, Ed Gines, as we breakdown the forgiveness process, and talk about specifics like time limits, percentage calculations, income caps, the ever-changing rules, and more. If you feel like you’re lost in the process or unsure of the next steps, this webinar is for you. Together we will get your loan forgiven!

Timestamped Show Notes:

0:00 Introduction

4:26 What are some basic things that businesses should know about PPP Loan forgiveness?

6:22 When is the ideal time to apply for forgiveness?

7:55 Ed discusses how to calculate or figure out what percentage of you PPP Loan can be forgiven

10:48 What is a cover period vs. a comparative period?

14:15 What requirements – calculations, information, and data are required for forgiveness?

17:20 Ed and Kirsten discuss the importance of spending the minimum amount of money on payroll in a specific 24-week time frame

23:20 These are the application forms that you should know about for PPP forgiveness

27:18 When does a business have to repay the portion of a PPP Loan that is not forgiven?

28:22 How does an employee who was laid off during COVID and didn’t come back impact your forgiveness?

29:50 Do bonuses paid out to employees’ impact percentage of forgiveness?

31:03 Do employer 401k’s count in the forgiveness calculation?

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