The recently passed Paycheck Protection Program (PPP) and the related Flexibility Act has done much to help businesses during this unprecedented time. But now as banks begin to open their Forgiveness Application portals, business owners are feeling anxiety over the documentation to produce and the calculations required to determine how much of the loan is forgiven and how much will have to be repaid…and when repayment would start.
Join us as Rachelle Calina, CPA, review’s the application and related instructions including how it changes the rules related to owner compensation, FTE counts, the 8-week or 24-week covered period, non-payroll costs and more! We will also show you how to obtain the necessary documentation from QuickBooks Payroll, ADP and Paychex. This will be a one-hour presentation followed by 30 minutes of Q&A.