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 Webinar
January 12, 2021 @ 10:00 am - 11:00 am
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
