Tuesday, June 23rd 9:30 a.m. Navigating PPP Forgiveness and the Flexibility Act - Shared screen with speaker view
Who can see your viewing activity?
what is included in “transportation” - an eligible utility expense
Updated PPP Loan Forgiveness Application https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf
Does the covered period start at the date of disbursement of the loan?
EZ Form https://home.treasury.gov/system/files/136/PPP-Forgiveness-Application-3508EZ.pdf
What if one employee voluntarily quits for another job opportunity?
I have 2 FTE's and 3 PT prior COVID. One PT had 2 other PT jobs and she claimed unemployment under those 2 jobs. I have not had her come back but the other EE's covered her hours so I've paid out those hours
How is this discussion changed for self-employed with 0 employees?
Can we use the FFCRA once the PPP Loan period is over?
Link to slides shown today: https://jmf.com/wp-content/uploads/PPP-Loan-Forgiveness-PowerPoint-Update-06.23.20.pdf
when do you have to take forgiveness this year or next?
has there been any information released on PPP funds covering self-funded unemployment costs (eg NPO’s who pay into a trust be state UI)?
*vs state UI
Will the forgiveness be tax free? Will payroll be a deductible expenses?
Charles R Nash
Are there any special or different considerations in the Forgiveness rules for non-for-profits and faith-based organizations that are different from companies/for-profits?
Can you clarify the cap for owner/employee salary for 24 weeks?
Thank you for putting this together!
Thank you JMF!!!
Yes thank you Chamber and JMF!
Can you apply for forgiveness when you finish "spending the funds" and not wait until the end of your 24 week period?
Thank you Chamber and JMF. Very informative!
Thanks Great Job