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On Demand

PPP Loan Forgiveness - Cases and Examples


Total Credits: 3 including 3 Taxes - Technical

Average Rating:
   114
Category:
ACPEN Tax Institute |  Tax |  IRS Approved
Speakers:
Bradley Burnett, J.D., LL.M. |  Arthur Werner
Course Levels:
Update
Duration:
3 Hours
Product Type:
On Demand
License:
Access for 1 year(s) after purchase.


Description

PPP Loan Forgiveness - Cases and Examples

Choosing the Right Covered Period and Filling Out the Form

 

PPP loan borrowers face moments of truth:  Which covered period to choose?  The slow throttle 24 weeks or rapid fire 8?  When can the forgiveness app be filed? When should the forgiveness app be filed? Need you wait 24 weeks to file for forgiveness? What if there’s a drop in employee pay or headcount? How to know when a drop in pay or headcount endangers forgiveness or not?

There’s one way to answer all of these daunting PPP questions: via the study of cases and examples. If you plow through the right examples, you’ll get the hang of it. Patterns will emerge and so will your successful navigation through the PPP forgiveness maze. 

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives
  • To enable the participant to gain a working knowledge of PPP rules and maneuvers through practical working examples

Major Subjects
  • Sole proprietor without (or with) employees – How long to wait 
  • General partners with SE income from partnership – Right moves to make 
  • S and C Corp owners – How exactly to compute compensation for forgiveness
  • Consequences of choosing 24 vs. 8 weeks period
  • Working examples of drop in salary or wages / Timing of safe harbor
  • Working examples of drop in headcount (full time employee equivalents (FTEEs))
  • Application of each of seven drop in headcount safe harbors
  • Computing average pay and headcount for multiple testing periods
  • Taking the mystery out of “odds and ends” fact patterns
  • How to file your forgiveness app early and put it to rest

Course Materials

Speaker

Bradley Burnett, J.D., LL.M. Related seminars and products


Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor. 


Arthur Werner's Profile

Arthur Werner Related seminars and products

Werner-Rocca Seminars, Ltd.


Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.  In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.  Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.


Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.


Additional Info

Basic Course Information

Prerequisites

A basic understanding of the Paycheck Protection Program  


Advanced Preparation

None


Designed For

CPAs and other finance professionals


Original Recording Date

8/10/2020


Yellow Book

No


Course Developer

Werner-Rocca Seminars and Bradley Burnett


Date Added to Catalog

7/29/2020


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Reviews

5
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1

Overall:      4.5

Total Reviews: 114

Comments

Roshni G

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Lex G

"Very Informative"

Kimberly C

"This was a great webinar. well done!"

Nancy C - Portland, Oregon

"I enjoyed the photographs!"

Gary V - a;pena, Michigan

" "

Susan S

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Shelle O

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