New PPP Legislation in the Stimulus Bill: More Loans, Changes to Rules, and Recent Guidance – What the Contractor Needs to Know

Description

As we ring in 2021, financial professionals continue to grapple with the PPP loan rules. We now have new legislation and recent guidance issued since our last webinar. In this month’s webinar, we will discuss:

Learning objectives:
After this session, attendees will be able to: 

• Learn about changes to the current rules and newly-liberalized eligible costs
• Identify recent SBA guidance clarifying certain issues with the Loan Necessity Questionnaire
• Discuss eligibility for recently authorized initial and second draw PPP loans
• Recap the successful legislative change permitting tax deductibility of PPP eligible costs
• Revisit financial statement impact of PPP
• Q&A
  

Speaker(s):

• James E. Hazel Jr., CPA, CCIFP, Shareholder, Elliott Davis
• Rich Shavell, CPA, CVA, CCIFP, Shavell & Company, P.A., CPAs and Consultants
• Mario Vicari, CPA, Director, Kreischer Miller