The SBA recently clarified the computation of owner-employees and owner's compensation replacement for the purpose of computing PPP forgiveness. The SBA also issued form 3508EZ (PPP Forgiveness Application) that many borrowers will be able to use and the full form 3508 that the remaining PPP borrowers will have to use. With the new rules provided by both the PPP Flexibility Act and SBA additional guidance that allows a 24 week "covered period" instead of the previous 8 weeks "covered period", much if not all of the PPP loan will be forgiven. However, the 8 weeks "covered period" can be elected if the client chooses. This webinar will focus on the recent changes and we will be providing EXCEL worksheets to assist you in preparation of both forms 3508EZ and 3508. This webinar is a must attend for practitioners who will be assisting their clients in completing the PPP forgiveness application.
This webinar is qualified for CE 2 hrs