Live 3-hour Webinar:
PPP Loan Forgiveness
Choosing the Right Covered Period and Filling Out the Form
Cases and Examples

 


Schedule Conflict?

If you don't need CPE but want the video and handout, just register a webinar above as normal and watch for the email with the video link after the webinar is over.

Program Description:

PPP loan borrowers face moments of truth: Which covered period to choose? The slow throttle 24 weeks or rapid fire 8? When can the forgiveness app be filed? When should the forgiveness app be filed? Need you wait 24 weeks to file for forgiveness? What if there’s a drop in employee pay or headcount? How to know when a drop in pay or headcount endangers forgiveness or not?

There’s one way to answer all of these daunting PPP questions: via the study of cases and examples. If you plow through the right examples, you’ll get the hang of it. Patterns will emerge and so will your successful navigation through the PPP forgiveness maze.

We’ll guide you through the right moves for forgiveness through examples:

  • Sole proprietor without (or with) employees – How long to wait
  • General partners with SE income from partnership – Right moves to make
  • S and C Corp owners – How exactly to compute compensation for forgiveness
  • Consequences of choosing 24 vs. 8 weeks period
  • Working examples of drop in salary or wages / Timing of safe harbor
  • Working examples of drop in headcount (full time employee equivalents (FTEEs))
  • Application of each of seven drop in headcount safe harbors
  • Computing average pay and headcount for multiple testing periods
  • Taking the mystery out of “odds and ends” fact patterns
  • How to file your forgiveness app early and put it to rest

Objective: To enable the participant to gain a working knowledge of PPP rules and maneuvers through practical working examples

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: Any of Bradley Burnett's previous webinars on PPP Forgiveness or basic knowledge of PPP Forgiveness rules

Advanced Preparation: Review materials from previous webinar to refresh your familiarity

Program Level: Intermediate

Delivery Method: Group Internet Based

Field of Study: Finance

CPE Hours: 3

This webinar does not qualify for IRS CE.

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.


Schedule Conflict?

If you don't need CPE but want the video and handout, just register a webinar above as normal and watch for the email with the video link after the webinar is over.

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

Copyright 2020 - Accountants Accelerator - All Rights Reserved