Live 2-hour Webinar:
PPP Loan Forgiveness
Playing Dodgeball in a Maze
Avoiding Hits, Getting Through

 

Friday, June 5, 2020
9AM PT, 10AM MT, 11AM CT, 12PM ET

2 hours, 2 CPE

Register Now for $99

Program Description:

On late Friday, May 14, SBA launched its maiden voyage application for PPP loan forgiveness. This never-seen-before adventure goes a long way to clearing up most of our questions about how PPP loan forgiveness works, yet in true SBA fashion, in part it leaves us hanging in peril.

It’s a bit like playing a game of dodgeball while working through a maze to become free. The object of the game is to make it to the other side without taking a hit. Every hit costs the freedom forgiveness brings. Both safe harbors and peril lurk around almost every corner.

Major Subjects

  • New SBA Form 3508 (Forgiveness App), Schedule A, Worksheet and Instructions
  • Can anything be accrued or paid before or after the 8 week period?
  • Choices, choices as to timing of 8 week covered period
  • How to measure FTEs (full time employees)
  • Exactly how the 75% forgiveness rules work
  • Are employees fungible in connection with the 75% test?
  • How important is tracing actual PPP proceeds to expenditures?
  • What questions still hang fire and how to proceed
  • How to handle owners comp or reimbursement
  • Best practices that cannot wait another day

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 33 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

Host: Rick Telberg

  • Founder and CEO CPA Trendlines, Bay Street Group
  • Accounting Today Top 100
  • CPA Practice Advisor Top 25

Host: Sandi Leyva

  • Founder and President Accountant's Accelerator, Sandra L Leyva, Inc.
  • CPA Practice Advisor Top 25
  • Most Powerful Women in Accounting

CPE Details

Prerequisites: None

Advanced Preparation: None

Program Level: Update

Delivery Method: Group Internet Based

Field of Study: Tax

CPE Hours: 2

NASBA

Sandra L. Leyva, Inc. is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org. Our NASBA sponsor number is 112525.

Friday, June 5, 2020
9AM PT, 10AM MT, 11AM CT, 12PM ET

2 hours, 2 CPE

Register Now for $99

Seating is limited, so register now.  This webinar is packed with high quality content and will fill up fast!

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