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Chicago UMCNIC's Personal Meeting Room - Shared screen with speaker view
Lonnie Chafin
28:15
hi everyone.
melwyn alagodi
28:40
my ez form has three pages. if this the right form I have?
Melinda
35:29
Would that cover a Preschool that could not operate?
Deb Evans
35:45
Do you have to pay the SAME people the same or can you be paying new/others so the total is the same?
Bob & Betty Long
36:17
Why doesn't the EZ form work with seasonal employees?
Jennifer
37:25
What about an employee who has refused pay since quarantine began?
Lonnie Chafin
37:32
Melinda, yes.
Barb Garvin!
38:02
one of our employees opted not to be paid and has not been paid since March?
Lonnie Chafin
39:02
https://home.treasury.gov/system/files/136/PPP-Forgiveness-Application-3508EZ.pdf
msbun
44:06
I think I read that you can use the 56 days only as first noted if you received it before the last change.
msbun
44:53
Also, our bank said the SBA portal is not open; it doesn't want our forgiveness application yet.
Caleb Hong
48:48
Friends, we have 73 participants. Let's allow Lonnie to get through his presentation.
Lonnie Chafin
49:09
seasonal employees consistent over the period are fine. it might work for seasonal. but it's just a matter of lucky matching.
Teri
49:44
Thank you, Caleb.
msbun
50:38
Probably the covered period on the application shows the number of weeks.
Jay Wait
58:41
if we select 24 week cover period, doesn't that eliminate the need to use the alternative cover period? just go as long as needed to spend the money.
Deb Evans
59:04
Does clergy compensation max of $100k include pension and health or JUST salary and housing?
msbun
01:01:37
What about 403B payments to clergy?
sabrinabermingham
01:01:54
is maternity leave an eligible expense?
Laura Werner
01:02:19
We pay rent to our yoked church for the parsonage, so can we deduct that?
Deb Evans
01:04:16
For other eligible expenses, what about an equipment lease expense for a copier?
John Ahrens
01:04:19
How do you complete the payroll schedule of the form if you have monthly, weekly, and twice a month payroll?
Cheryl Peters
01:04:29
Can you provide an invoice or receipt for conference health insurance, etc. that labels the items more clearly? i.e. the health insurance is called "Clergy Flat Rate" on the invoice I can print.
Wayne Fresen
01:04:52
Utilities on a cash basis? Date paid?
Lonnie Chafin
01:11:23
https://www.sba.gov/sites/default/files/2020-06/PPP%20Forgiveness%20Application%203508EZ%20%28%20Revised%2006.16.2020%29%20Fillable-508.pdf
Laura Greer
01:14:44
Can you send us the PowerPoint you are showing us?
Galaxy Tab S2
01:17:24
Where is the FTE in the EZ form?
Deb Evans
01:22:12
If our head count is lower (fewer parttime people but same FTE) how does that effect our eligibility for forgiveness?
Dave Bengston
01:28:22
How do you compute the average FTE / Average paid hours comparison. Point to point? i.e., January 1st versus end date of Alternate Covered period?
Yvonne
01:29:16
Should I enter housing amount on line 1. Do I just add that amount to the payroll figure?
Lonnie Chafin
01:30:08
yes, housing on line one with payroll
Cheryl Peters
01:33:21
If we pay with Prosper then we don't have check stubs.
Teri
01:35:21
Does the bank have to approve using 24 week if we received the funds prior to June 5? That is what I heard in another webinar.
Tracy
01:35:47
When you pay with Prosper, you can print off an invoice showing that you paid and use that for you're documentation.
LUMC -Kim
01:40:15
If you use the 8 weeks on application is it still the 60% or do they want 75%?
Lonnie Chafin
01:40:36
still 60%
Carol Bachus
01:45:02
Lonnie, in your email can you please explain the abbreviations on the Benefits invoice in case we need to provide that to the Lender/SBA.
Deb Evans
01:47:25
Thank you, Lonnie. This was helpful. I look forward to receiving the follow-up information.
Barb Garvin!
01:49:54
are you available for questions?
John Ahrens
01:50:18
Since you are recording this meeting, could you provide the recording in your email in case we want to review the presentation?
Carol Bachus
01:50:52
Thank you, Lonnie. This was very helpful.
Lonnie Chafin
01:50:53
we will post the recording on the conference webpage and i will send a link in the email.
Galaxy Tab S2
01:50:56
Lonnie, how does any of this apply to Form 941 line 11 a -e?
msbun
01:51:44
Thank you, Lonnie!
Addison Shields Jr
01:51:56
Thanks Lonnie see you later