Guide to Paycheck Protection Program (PPP) Loan Forgiveness
December 9, 2020 | 12:00 p.m. Eastern Time | Presented by Val Steed, Nathan Rodgerson and Talha Baqar
2020 is coming to an end and it is still unclear how the Paycheck Protection Program (PPP) loan forgiveness works. Join Zoho as they clear some of these uncertainties up. During this session, we will take a deep dive into the PPP forgiveness form and cover details regarding loan forgiveness and potential complications.
Prerequisites: Basic information about PPP from The CARES Act.
Learning Objectives:
- Recap of the original PPP requirements
- Understand updated payroll and overhead expense requirements as a proportion to the loan
- Demonstrated walkthrough of PPP forgiveness application
- Discuss interim guidance on forgiveness and borrower/lender responsibilities
- Analyze tax implications of payroll and other expenses claimed for PPP forgiveness.