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Webinar (CPA Crossings): COVID-19: Updated PPP Loan Provisions and Forgiveness

Description

This course will discuss the revised PPP loan provisions included in the December 27, 2020 Stimulus bill. It integrates the retroactive changes into the PPP1 program and also discusses the PPP2 program. The presentation addresses the many loan issues impacting CPAs and their clients for both PPP1 and PPP2 loans. The unique loan reporting challenges facing practitioners are related through actual practice situations – and then analyzed for their reporting implications.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

To provide an exploration of numerous practice situations occasioned by the loan-related provisions in the COVID-19-related legislation.

Major Topics

The major topics that will be covered in this course include:

  • New Stimulus PPP loan provisions and how retroactive changes to PPP1 affect what to do about forgiveness of those loans
  • Comparison of PPP1 and PPP2 loans – application and forgiveness forms
  • “Real-life” examples – practice issues CPAs are dealing with in these extraordinary times.
  • Tax and accounting issues arising from the loan and loan forgiveness provisions – deductions vs. income exclusion
  • Comprehensive example filled in on loan forgiveness application
Provider
CPA Crossings, LLC
Course Level
Intermediate
CPE Field of Study
Tax
3
Who Should Attend

CPAs in public practice seeking an update on the latest tax developments affecting loans and loan forgiveness.

Instructor(s)
Steve Dilley
Prerequisites

Basic working knowledge of practice management.

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
May 26, 2021
10:00 am - 1:00 pm MDT
Location
Webinar
Total CPE Credits
3
Format
Webinar

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Webinar (CPA Crossings): COVID-19: Updated PPP Loan Provisions and Forgiveness


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