May 20, 2020
New guidance is being released almost daily on how to prepare to safely reopen your business and have your PPP loan forgiven. Just last Friday the SBA released its PPP loan application. While a lot of open items are clarified in the instructions on how to complete the application, there are still questions that need to be answered.
This webinar will address what you need to do to help protect your business from being sued and how to increase your chances of having your PPP loan forgiven.
Join us at 1:00 PM tomorrow, May 21
. Many things have changed in the last two weeks that you need to know about. Questions that we are going to answer tomorrow include, but are not limited to:
- What do I need to know about reopening my business?
- What regulations and guidance must be followed to reopen my business?
- Can I be held liable if a customer or employee claims they got COVID-19 at my business?
- What, if anything, can I do to protect my company from being sued?
- Do I have to supply personal protective equipment (PPE) to my customers and employees?
- Can I force customers or employees to wear PPE?
- What if my employees refuse to come back to work?
- What changed in the definition of a FTE (full-time equivalent)?
- How do the 75% forgiveness rules work?
- How should I handle owners comp or reimbursement?
- Can anything be incurred or paid before or after the 8-week covered period?
- Can bonuses be paid to meet the PPP loan forgiveness criteria?
- What documentation is required to prove how you spent PPP funds?
- How should I complete the PPP loan application?
- What are best practices for documenting PPP expenditures?
- What happens if I cannot use PPP funds by June 30?
- Is there a penalty for not spending PPP funds according to the guidance?
Join us tomorrow to learn the answers to these and other important questions.
Jason Copley, Esq. is going to join me. He will discuss what you need to do to be in compliance with federal, state, and local regulations, and guidance from the CDC and other authorities when you reopen your business. Jason serves as the Chair of Cohen Seglias’ Construction Group and acts as counsel to a wide range of construction clients, including general contractors, subcontractors, owners, and suppliers on both public and private projects.
David Gibbs, CPA, CCIFP, MBA, Rich Higgins, CPA, and Don Kaiser, CPA will be available to answer your PPP loan forgiveness questions.
I also want to let you know that the Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.
