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How to Maximize Your Chances of Getting Your PPP Loan Forgiven! - Shared screen with speaker view
Sandra Bobb
01:23:22
what do you do if when you applied for the loan your reported all employees not by FTE
Jay Brimberry
01:24:44
Are you exempt from employees that found other employment opportunities once they were temporarily laid off? You wouldn't be able to get a resignation letter from them because technically they were no longer working for you, but they did find another job and did not come back to your company.
Jonathan Sparks
01:26:35
Please send Questions to “PPP Questions” and we will do our best to get to them. If we run out of time, please join our PPP Advisory Program and we can help you with all of your specific questions with 1 on 1 calls with myself or John Jakovenko
Lisa Bianchini
01:27:16
What are considered "Utilities" is IT one of them?
Cayenne Barnes
01:27:49
Can you confirm the "8 week" period begins the date of loan distribution?
Jonathan Sparks
01:28:21
If you’re interested in the PPP Advisory Program, just send your email address to “PPP Questions” on this Chat, or email John at JJ@SparksLawPractice.com
Jonathan Sparks
01:28:49
@Cayenne, yes, the period starts the date you received the funds in your account
Lisa Bianchini
01:29:12
Would we be eligible for Safe Harbor if we had an employee pass away during this time?
Judy Mozen
01:29:34
What if you weren't given a large enough loan to cover your payroll? There was no logic to the payroll amount that was multiplied by 2.5. It was not large enough to cover our payroll figures that were submitted to our lender.
Stan Alhadeff
01:31:02
1. After PPP one can claim Unemployment, correct?2. Can you bring on your child to make feb 15th number3. Can you give everyone including yourself an increase for “danger pay”
Jana Birdseye
01:32:44
What if you hire independant contractors
WALTER BELL
01:34:02
what if you are the only employee along with your wife of the business? Will this forgiveness program work?
Jill Austin
01:34:36
What documentation is needed for Sole props?
Jana Birdseye
01:36:22
ppp program ibclc@breastfeedingatlanta.com
Edwin Generes
01:37:53
How about cell phone plans in utilities?
Jana Birdseye
01:39:30
Can you count cost of leased equipment
Edwin Generes
01:39:50
For Wage Reduction calculation, should we convert salaries to the hourly equivalents?
MARY PEAKS
01:39:53
We are a service business with 9 vehicles. Is the fuel and maintenance on vehicles an eligible expense
Jannie Im
01:43:21
I am a business owner and did was not on payroll before my office closed. can I “hire” myself and start paying myself and caping myself towards the FTE number?
Jana Birdseye
01:45:15
Can we convert independant contractors to employees
Barb Doran
01:45:27
We received PPP funds already, but did not include owner's draw since we didn't know that was allowable. Are we able to submit another application for just that amount?
Jannie Im
01:45:54
What if we accidentally reported the wrong FTE number on the PPP application? I over counted and counted my part time employees as full time. what should I do?
Rachel Lipson
01:46:24
What kind of documentation do I need to pay myself as salary of an LLC to get forgiveness. Can I transfer money with a note of payment?
Marcia Shearer
01:46:25
I thought owner compensation had to be in place in 2019 in order to count. Is that not the case?
Vann Mathis
01:47:10
For payroll definition purposes, "payroll" includes the actual payroll amount and the payroll tax amount as well, correct?
Rachel Lipson
01:48:33
yes
Linda Gober
01:50:02
Can we wait until close to the end of the 8 weeks and run a payroll to make sure we use all the funds? Or do they look at the payroll for each pay period?
Vann Mathis
01:51:13
Thank you!
MARY PEAKS
01:51:13
We are a service business with 9 vehicles. Is the fuel and maintenance on vehicles an eligible expense
Jannie Im
01:52:15
I never put myself on payroll as a W2 employee. Can I add myself now and have that amount count towards the PPP and count myself as one of the FTE number? I was not a W2 employee ever before (I am a startup practice).
Vicki Wadsworth
01:54:06
If our 8 weeks ends before 6/30, which date applies ?
WALTER BELL
01:56:33
Please send me the slides for this presentation and the recording to wallstreetproperty@gmail.com