The LA SBDC Network offers no-cost virtual business workshops for small businesses in Los Angeles, Santa Barbara, and Ventura Counties.
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PPP Forgiveness Webinar
December 1, 2020 @ 10:00 am - 11:00 amFree
Will you be forgiven? 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 60/40 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 forgiveness calculation
· Documentation for forgiveness
· Tax issues related to forgiveness