Brinker Simpson & Company, LLC hosted a webinar Monday June 1st, 2020 to discuss an overview of the changes in the Paycheck Protection Program Flexibility Act of 2020, potential changes in the reconciling Senate version, an overview of the loan program and process to apply for forgiveness.

The webinar addresses many commonly asked questions about the PPP and the related forgiveness.

Senate Majority Leader Mitch McConnell indicated that he was checking with senators to see if the bill can pass the chamber unanimously.  If so, he expects it to pass this week.

A recording of that overview and the following Q&A from participants can be viewed HERE.

We will provide a workbook to assist with calculating estimated forgiveness, tracking costs over your covered period, and to otherwise help you prepare in advance to apply.  We are going to record a walk-through of the document and post to our website as soon as the covered period is finalized as that component impacts decision making and the structure of the calculations.

We send all webinar invitations to our email distribution list, if you would like to be added, please let us know.  If there are topics you would like us to consider for future webinars, please let us know.

Please reach out to cares@brinkersimpson.com with questions.

We are in this together,

Brinker Simpson & Company, LLC

Disclaimer: This alert is for informational purposes only and does not constitute professional advice. Information contained in this communication is not intended or written to be used as tax advice & cannot be used by the recipient to avoid penalties that may be imposed under the Internal Revenue Code. We strongly advise you to seek professional assistance with respect to your specific issue(s).

 

Source: https://www.cnn.com/2020/06/01/politics/payment-protection-program-senate-mcconnell-plan/index.html