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SBA ANNOUNCES THAT APPLICATIONS WILL BE ACCEPTED AS EARLY AS January 11th and ISSUES GUIDANCE ON NEW CARES ACT CHANGES FOR PPP, PPP ROUND 2, EIDL AND OTHER PROGRAMS: WHAT ADVISORS NEED TO KNOW NOW!
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The SBA just released 120 pages of PPP2 guidance on Wednesday January 6th and announced on Friday January 8th that they would being accepting applications again as early as January 11th, so advisors will need to quickly get up to speed to properly advise their clients. One way you can prepare is to join Alan Gassman, JD, LL.M and Brandon Ketron, CPA, JD, LL.M for their 100 minute review of the new rules for PPP, EIDL and other grant and loan programs.Their program will help you quickly understand the whole picture of what borrowers and recent and possible grant recipients should know.
In their exclusive LISI Webinar, Alan and Brandon will cover the following topics:
1 What it takes to get a second PPP loan and how the PPP rules are changed for second bite borrowers.
2. How the past loan amendment rules will work to facilitate requests for more money for certain seasonal employers and partnerships.
3. How the new liberalized Employee Loan Credit will work for businesses that have a 20% decline in revenue for an applicable testing period and may receive up to 70% of wages as a reimbursement for the first half of 2020.
4. How 2020 PPP borrowers can apply to receive Employee Wage Credits that were not allowed under the original rules for up to $5000 per employee.
5. How applying for the Employee Wage Credit can cause loss of PPP forgiveness or visa versa and how to coordinate this.
6. How the new forgivable expenses for certain group benefits and for 4 new categories of PPP loan expenditures will work.
7. Answering questions from attendees
There will be no CE for this webinar
For those who have a conflict with the date/time, The session will be recorded. Simply register and you will have unlimited access to the recording.
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The SBA just released 120 pages of PPP2 guidance on Wednesday January 6th and announced on Friday January 8th that they would being accepting applications again as early as January 11th, so advisors will need to quickly get up to speed to properly advise their clients. One way you can prepare is to join Alan Gassman, JD, LL.M and Brandon Ketron, CPA, JD, LL.M for their 100 minute review of the new rules for PPP, EIDL and other grant and loan programs.Their program will help you quickly understand the whole picture of what borrowers and recent and possible grant recipients should know.
In their exclusive LISI Webinar, Alan and Brandon will cover the following topics:
1 What it takes to get a second PPP loan and how the PPP rules are changed for second bite borrowers.
2. How the past loan amendment rules will work to facilitate requests for more money for certain seasonal employers and partnerships.
3. How the new liberalized Employee Loan Credit will work for businesses that have a 20% decline in revenue for an applicable testing period and may receive up to 70% of wages as a reimbursement for the first half of 2020.
4. How 2020 PPP borrowers can apply to receive Employee Wage Credits that were not allowed under the original rules for up to $5000 per employee.
5. How applying for the Employee Wage Credit can cause loss of PPP forgiveness or visa versa and how to coordinate this.
6. How the new forgivable expenses for certain group benefits and for 4 new categories of PPP loan expenditures will work.
7. Answering questions from attendees
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