The LA SBDC Network offers no-cost virtual business workshops for small businesses in Los Angeles, Santa Barbara, and Ventura Counties.
- This event has passed.
PPP Forgiveness Informatio
June 5, 2020 @ 10:00 am - 11:30 am
FreeWill you be forgiven? PPP Funding and terms.
Now that you have received PPP funding, you may be wondering or confused about PPP loan forgiveness.
This workshop provides you with a detailed understanding of how to apply for forgiveness.
For those who have not yet applied, you will also learn the terms and conditions for PPP funding.
The topics include:
-PPP Purpose, overview and terms
-The 75/25 Rule
-Definitions of Payroll Costs
-Definitions of Non Payroll Costs
-Covered periods for funding expenses
-How to calculate Payroll Costs and FTE reductions
-What to do if Employees refuse to come back to work.
-How to complete the forgives calculation
-Documentation for forgiveness
-Tax issues related to forgiveness
Instructor: Michael DeDonato
PLEASE NOTE: LINK WILL BE EMAILED ONE DAY PRIOR TO WORKSHOP.