On June 16, 2020 from 10:00 – 11:00 a.m., join Gettry Marcus, CPA, P.C. and CMM’s Christine Malafi for Part 3 of the webinar series on the recently passed Paycheck Protection Program Flexibility Act (ā€œPPPFAā€). The PPPFA greatly increases the likelihood of loan forgiveness.

This webinar will address PPPFA’s impact on earlier provisions of the PPP loan program, including the following:
• An increase in the Covered Period from 8 to 24 weeks, but no later than December 31, 2020.
• During the period February 15, 2020 to December 31, 2020, loan forgiveness will be exempt from a reduction in the number of FTE’s pursuant to additional PPPFA guidelines.
• To receive loan forgiveness, a borrower now must use at least 60% of the PPP loan amount for payroll costs and may use up to 40% for non-payroll costs (with possible ā€œcliffā€ provisions).
• PPP loan terms can now generally range from 2 to 5 years, with the possibility of a longer 10-year term.
• PPP loan borrowers are now eligible for the CARES Act payroll tax deferral.
• Planning Tools
• SBA and Treasury Department Guidance
• Q&A

PROGRAM PANELISTS:

  • Lee Ferber, CPA, Partner at Gettry Marcus CPA, P.C.
  • Christine Malafi, Esq., Senior Partner at Campolo, Middleton & McCormick, LLP
  • Nicholas Backmann, CPA, Supervisor at Gettry Marcus CPA, P.C.

Register soon as we expect this webinar to close out!