Paycheck Protection Program: Pushing Out New Forgiveness Form 3508 and Being Done

Description

The way we play this PPP forgiveness game must be rethought from scratch. The time for doing so is now. Regulations interpreting the new law have dropped and blown out of the water what we thought we knew.  Many of the PPP bullets we were sweating have fallen to the ground. But, new ones have emerged. And, the SBA / Treasury faucet continues to deliver a new moving target. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Highlights

• New 24 week forgiveness period blows 8 weeks out of the water
• Or, should (and can) you grab the 8 week period and run with it
• New employee reduction safe harbor end game / uncertainties it creates
• How Form 3508 and Instructions - How the game is not the same
• Strategies turned upside down on their head
• Does this bail America out, create new headaches or both?
• What about PPP forgiveness changed and what did not?
• When can I push my forgiveness app (Form 3508 (or 3508-EZ) out to the lender anyway?

Objectives

• Participants will be able to discuss options and strategies to make the most of the Paycheck Protection Program
• Participants will be able to explain how things have changed and successfully complete form 3508
• Participants will be able to discuss the new employee reduction safe harbor end game 
• Participants will be able to advise clients with the most recent changes and list strategies to maximize benefits

Designed For

CPAs and other finance professionals