Essential PPP and EIDL Loan Update - What’s Happened Since June 5th, Including Coverage of Recently Released Interim Final Rules, New PPP EZ Forgiveness Application and Instructions Published June 16th, June 17th Guidance for Independent Contractors and Answers to the Hardest Questions
Join LISI commentators Alan Gassman, Brandon Ketron and Kevin Cameron for an engaging and thorough 90-minute discussion of where PPP borrowers stand with respect to forgiveness rules, new applications that can be filed through June 30, employee rehire exceptions, and more. They will discuss what loans will qualify for 8-weeks and what loans will be required to use 24-weeks, and how this affects strategy. Also, the EIDL program reopened to non-agricultural businesses on June 15, and will be discussed. Questions by attendees that are emailed to firstname.lastname@example.org will be answered during the presentation, or thereafter. The last 15 minutes of the presentation will cover specific spreadsheeting questions and functions.
In addition to the foregoing, Alan/Brandon/Kevin will cover the following points:
How the June 5 flexibility act has changed the playing field, but questions left unanswered.
Review of the June 11th regulations and June 12th Senate hearing.
Review of Interim Final Rules released on June 11th , 12th and 17th.
Discussion of the revised rules on maximum owner compensation for the 8 week or 24 week period.
Who can apply for loan forgiveness using the new Loan Forgiveness Application Form EZ
Discussion and review of the revised PPP Loan Forgiveness Application and what has changed from the original form.
A review of the numerous exceptions to having to match or exceed historical wages and hours for struggling businesses.
A review of the EIDL loan program which just re-opened for non-agricultural new borrowers.
Where does the above leave Independent Contractors?
There will be no CE for this webinar
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