Podcasts about ppp loan forgiveness

The Paycheck Protection Program (PPP) was designed to soften the financial impact of the pandemic for small businesses. It issued about $800 billion in potentially forgivable government loans to keep workers employed during COVID shutdowns. Now, the overwhelming majority of those loans have been forgiven with very little scrutiny. That means many loans have been forgiven to businesses that flourished during the pandemic or to fraudsters who took advantage of the lax system.Meanwhile, the majority of the loans that remain unforgiven belong to the smallest businesses, companies the program was most meant to help.Sacha Pfeiffer and Austin Fast of NPR's Investigations team looked into how the program failed to be as stringent as the government promised.In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.Email us at considerthis@npr.org.

Were you affected by COVID-19? In this episode, Nathan and Michael go over employee retention credit. Whether you are an employer or employee, it is important to understand what is accessible to you and how it all works. They discuss deadlines, how the refunds work, and recommendations for moving forward.

FOX GUEST SAYS TRUMP MAY HAVE TAKEN NUCLEAR RETALIATION PLANS A BLOCK: (1:50) We know Trump took nuclear weapons documents, information "among the most sensitive secrets we hold," documents marked "Special Access Programs" (2:19) What if it's even worse? What if it's worse than the worst we could imagine? (3:37) What if every crazy rumor about nuclear codes and invoking of The Rosenbergs is not only apt, but an understatement? (4:23) Biography of former Washington Post and Wall Street Journal investigative reporter Ronald Kessler (5:12) Kessler, a past Trump apologist, appears on Fox News Channel Thursday night (6:30) Kessler says what Trump took "could very well include the plans for counterstriking against Russia in the event of a nuclear attack" (8:50) Or, "penetrations by the CIA of foreign embassies, of foreign leaders like Putin, as well as recruitments of spies overseas." And that the Russians would've been trying to get a spy into Mar-a-Lago, and may have succeeded (11:00) Reinhart poised to release search warrant affidavit with all redactions the government requested (12:08) CNN reports Trump has been getting legal advice from non-lawyer Tom Fitton (12:56) Fox Business reports his web host may sue Trump for non-payment for Truth Social (13:40) We should assume that what's in Trump's Pandora's Box could be worse than we can possibly imagine. B BLOCK: (17:30) Every Dog Has Its Day: Duo-Duo has been saved! And I'm plugging the Schwarzman Animal Center's "AMC To The Rescue" fund to treat shelter and pound pets who need medical help (18:59) Postscripts To The News: White House burns Republicans complaining about Student Loan Forgiveness program who themselves got PPP Loan Forgiveness - like Marjorie Trailer Park Greene (21:27) Who says she was swatted - again (22:01) Bill Barr turns on Trump (22:48) Couple confesses to stealing President's daughter's diary for Project Veritas (23:14) Tim Scott thinks "fruitful" and "fruit-filled" are the same word (25:04) Sports: Bryce Harper returns to the Phillies and that might be BAD news (25:40) Bengals-Rams scrimmage fight recalls Cletus The Slack-Jawed Yokel from The Simpsons (26:19) Anniversary of the ESPN2 show - and song, and the back story of how we launched it to mess with Fox (32:00) Jared Kushner, Doug Mastriano, and Ron DeSantis compete for Worst Persons dishonors. C BLOCK: (37:13) Time for James Thurber and a short story that invokes Red Barber and Vin Scully (37:50) And might've become a film directed by Burt Lancaster (38:00) Regardless, it's one of his best: The Catbird Seat.See omnystudio.com/listener for privacy information.

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Some city leaders see Miami as the new hub for tech. And, why has the government not yet forgiven all those PPP loans - especially for minority-owned businesses? Plus, Karla Hoyos is the owner of Tacotomia. But, right now she's not making delicious dishes for her customers. She's in Poland, on the Ukraine border, helping to feed people fleeing war with World Central Kitchen.

Thanks to all of you for making my social media pages thrive. 17,500 followers over TikTok and Twitter: Today's topics: - Nick Jonas started following my socials. How that makes me more motivated to create more big bank content. - I discuss an ABC San Francisco story where a man deposited a $33,000 check at a BofA branch in Oakland only to find out it never posted, and the branch ended up shutting down, albeit temporarily. The story, which is located here, discusses the apathy in helping Mr. Leonard look for his huge cashiers check that was intended to be used to fix up his kitchen. I break down what went wrong from my own experience closing a branch down, the apathy from the other bank managers and how that should be fireable, the fibs I personally believe the client is telling, not that it matters with this case, and also what EXACTLY could have been done way better! - Plus, I discuss an article from Bryce Covert of The Intercept, which focuses on PPP Loan Forgiveness, and how BofA is making it impossible to get full forgiveness with them. I discuss how the rules are being used in BofA's favor to screw these people over... The incredible stress the small business owners must be going through, and also I discuss how I spent 2020 helping people through the hoops of getting loans with the knowledge that this would likely happen in 2021 as they do crazy insane, and unethical practices in any type of loan they give out. It's complicated but definitely something that needs to be discussed NB Has recovered nearly $2 Million from big banks back to consumers, with nearly $500k of it being Zelle fraud! 17,500 total followers on TikTok and Twitter!!! Buy My Book "PLEASE TRY YOUR CALL AGAIN LATER"!!! $1 of Net Proceeds will go to charity. Find all my social media and other links at: TheNotoriousBanker.com (Links to YouTube, my book's page, podcast links, and how to contribute by Venmo/Cashapp and much more!!!) MY PATREON Page! For as little as $1, you can help James in his fight against big banks. http://patreon.com/NotoriousBanker --- Support this podcast: https://anchor.fm/thenotoriousbanker/support

This is the Journal of Accountancy podcast's last episode of 2021. The guests in this episode are Lisa Simpson, CPA, CGMA, vice president–Firm Services at the Association of International Certified Professional Accountants, and Floyd Amuchie, CPA, the corporate controller at Virgin Galactic. Simpson provides an update on the status of several business relief programs and a look ahead to 2022 areas of focus for the AICPA Town Hall Series. Amuchie, who recently attended the Future of Finance Summit in Nashville, Tenn., shares a few lessons learned from the event (hear a previous JofA episode for more from Nashville). Also, get a quick preview of what the 2022 mileage rate will be for taxpayers to compute their deductible automobile costs.

Ryan McShane, Renasant Bank, and Jimmy Hilliard, Swimtime Pools (North Fulton Business Radio, Episode 384) On this edition of North Fulton Business Radio with host John Ray, Renasant business banker Ryan McShane gave an update on PPP loan forgiveness, EIDL loans, the North Fulton business climate, how he can help businesses during this time, and […]

Ryan McShane, Renasant Bank, and Jimmy Hilliard, Swimtime Pools (North Fulton Business Radio, Episode 384) On this edition of North Fulton Business Radio with host John Ray, Renasant business banker Ryan McShane gave an update on PPP loan forgiveness, EIDL loans, the North Fulton business climate, how he can help businesses during this time, and […] The post Ryan McShane, Renasant Bank, and Jimmy Hilliard, Swimtime Pools appeared first on Business RadioX ®.

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In this episode we discuss the opening of the new SBA PPP Direct Forgiveness Portal for applicants with loans worth $150K or less. More than 600 lenders have opted in to the new platform representing 30% of eligible loans. PPP appellants don't have to pay principal or interest fees during loan repayment period. Connect and watch live on Facebook: http://bit.ly/SheBossTalkShow Subscribe to our YouTube Channel http://bit.ly/SheBossTalkYouTube Subscribe to our Podcast https://anchor.fm/shebosstalk Follow us on Instagram: www.instagram.com/shebosstalk Follow us on Pinterest: www.pinterest.com/shebosstalk Opportunities to be Part of the Show She Boss Talk Show Guest - Apply bit.ly/SBTShowGuests She Boss Talk Ambassador - Apply bit.ly/SBTAmbassador She Boss Talk Author Spotlight - Apply bit.ly/SBTAuthorSpotlight She Boss Talk Product Reviews - Apply bit.ly/SBTPRoductReview She Boss Sponsorship - Submit http://bit.ly/SBTSponsors Visit us at www.shebosstalk.com. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/shebosstalk/message Support this podcast: https://anchor.fm/shebosstalk/support

Our podcasts are for informational purposes only and are not intended as legal or financial advice.  We strive to present a variety of viewpoints on our podcasts and not all of those viewpoints reflect those of The Iroquois Group.

How many steps does it take for a customer to speak to a human at your business? How about placing an order? How easy is it for a return to be processed or a refund to be issued? Over time, all of us can fall into the complexity trap of making things too complicated for our customers, our employees, and ourselves. Let's call it Complexity Creep. As you work on solving problems, it's easy to add “just one more step” or “one more option” to take care of a specific issue. Today on The Small Business Show, your hosts Shannon Jean and Dave Hamilton start off with an update on what you need to be doing to get your PPP Loan forgiven before jumping into a discussion about why simplicity is so important for your Small Business success. Join us! 00:00:00 Small Business Show #338 for Wednesday, July 28, 2021 00:00:57 PPP Loan Forgiveness for the Second Round 00:07:43 SPONSOR: SaneBox. SaneBox's Artificial Intelligence monitors your Inbox. Automatically, knucklehead email is moved to your SaneLater folder. All that's left is the important stuff and your smiles. Use our link for 14-days free and a $25 credit. 00:09:11 SPONSOR: HelloFresh. Visit HelloFresh.com/sbs14 and use code sbs14 for up to 14 free meals and free shipping! 00:10:49 The Simplest Steps are the Ones You Don't Take What is the minimum number of steps for you or your customer to do something? Avoid Complexity Creep Turn your returns into a competitive advantage Avoid Anecdotal Problems 00:19:47 Speaking of Simplicity: SBS 338 Outtro Greg McKeown Effortless Download Mistakes

Our podcasts are for informational purposes only and are not intended as legal or financial advice.  We strive to present a variety of viewpoints on our podcasts and not all of those viewpoints reflect those of The Iroquois Group.

Near & dear to Clark's heart: Volunteering. Clark's service to others has been a lifelong endeavor, including Habitat for Humanity, Christmas Kids for foster children - and founding the Consumer Action Center in 1993 - still going strong offering free advice and accepting volunteers. / Did your business take out a PPP loan? The topic of forgiveness is a great source of frustration. Clark has the latest, plus advice on what to do if your PPP loan forgiveness is denied by the SBA or by your lender. Ask Clark topics include: 5 Steps to Getting a Good Deal on a Hotel Room - HotelTonight: Last Minute Hotel Deals at Great Hotels / Column: He hasn't smoked in decades. But Hertz is hitting him with a $400 smoking fee - File Complaint with BBB / 5 Things to Know Before You Use Zelle Want more money advice? Sign up for Clark's free daily newsletter! Free Advice: Clark's Consumer Action Center Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we will be discussing PPP Loan Forgiveness, the Implementation of the JOBS Act by the Leftists. Be here or be nowhere!

I break down why people that are getting in trouble behind the PPP Loans could have easily avoided it. I explained why lack of knowledge and not reading what was being signed landed them in more Debt. I show how it could have been prevented and the steps needed to repair this problem so it doesn’t happen again. If you would have just read the paperwork you would know about the terms for PPP Loan Forgiveness.

As companies continue to utilize the Paycheck Protection Program (PPP), some are still applying for funds, some are navigating the forgiveness process and others are now facing a PPP audit. No matter where your company stands in the PPP process, it can be difficult to know what to do and what to expect. In this episode of the Wrap, Adam West, CPA (Warren Averett's in-house PPP expert) and Mark Woods (Senior Vice President and SBA Executive Director at Southpoint Bank) join our hosts to discuss the current state of the PPP program, what the future may hold for PPP and what it all means for companies looking to take advantage of it. After listening to this episode, you'll be able to:Grasp the current landscape of PPP lending and know if there are any remaining available PPP fundsMove forward with tips for pursuing PPP loan forgivenessGain a basic understanding of who is being audited and what is being considered in the PPP auditing processUnderstand how PPP and the Employee Retention Tax Credit relate to each other when it comes to eligible wages and loan forgivenessKnow how Shuttered Venue Grants and the Restaurant Revitalization Fund interplay with PPPGauge the longevity of the PPP program Resources for Continued Learning:Blog Post: Employee Retention Tax Credit (ERTC) [What Companies Should Know]Blog Post: Frequently Asked Questions about Shuttered Venue Grants AnsweredBlog Post: Restaurant Revitalization FundPodcast Episode: How Do I File for PPP Loan Forgiveness?Resource Page: Warren Averett's COVID-19 Resource PageThis episode reflects our views at the time it was recorded. Information within should be used as reference only. We recommend that you talk to your Warren Averett advisor, or another business advisor, for the most current information or for guidance specific to your organization.

You know the issue you are advocating for is urgent when it ends up being the first item on a new legislature’s agenda. That’s the position the PICPA government relations team found itself in when the Paycheck Protection Program loan forgiveness provision it supported ended up becoming Act 1 of 2021 on Feb. 5. Peter Calcara, PICPA vice president of government relations, walks us through the origin story of this important, PICPA-member-driven legislative victory. To read the full transcript click here.

PPP Second Round with Alan Najjar, Jon Daly, and Joseph Shuford (GNFCC 400 Insider, Episode 56) Alan Najjar, Chair of GNFCC’s Economic Task Force for Cash Flow & Liquidity, hosts a roundtable of SBA loan experts, with Jon Daly, Renasant Bank, and Joseph Shuford, Synovus Financial, joining the show. They discussed questions on PPP second […] The post PPP Second Round with Alan Najjar, Jon Daly, and Joseph Shuford appeared first on Business RadioX ®.

Still in the middle of a global pandemic, most of us have already applied and received the PPP loan. On December 21st, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal, providing a much-needed stimulus to individuals and businesses due to the economic distress caused by the Coronavirus pandemic. On today's show, Larry Weinstein, CPA talks about PPP loans, how to apply for the new round of funding, and how to go through the forgiveness process for loans previously received. If you haven't taken advantage of this additional round, you don't want to miss this episode.Love the show? Subscribe, rate, review, and share!Here's How »Join the Successful Lawyers Podcast Community today:thecpaforlawyers.com

In this podcast we talk with John Hughes about how your church can be financially healthy in 2021. We talk PPP Loan Forgiveness for churches and best ways for non-profits to stay fiscally healthy in this uncertain economy. You can get in touch with John via email at johnhughescpa@gmail.com or http://www.johnhughescpa.com http://Kingdomone.co/resources for your free resources today.

In this video, we discuss what #PPPLoan borrowers should be aware of when filing for forgiveness, and answer the following questions: what were the PPP loans originally intended for?, what information must a PPP borrower provide if audited?, and what happens if a PPP borrower is found ineligible or fails to respond? Read more in the article at: www.oflaherty-law.com/learn-about-law/will-my-business-be-audited-after-filing-for-ppp-loan-forgiveness Enjoy Legal Consultations from the comfort of your home. With our attorneys able to do consultations over the phone or through a videoconferencing communications system like Zoom, our attorneys at #OFlahertyLaw are able to do free or paid consultations that fit into your schedule without the fear of not being able to socially distance yourself from others. For more information about our Social Distancing Practices, #LearnAboutLaw Articles, or the court updates due to COVID 19, please click here https://www.oflaherty-law.com/notice-on-the-coronavirus-oflaherty-law We know you may have more questions regarding the topic or topics that we just discussed. Just Leave a comment on this #LearnAboutLaw Video and the staff at #OFlahertyLaw will respond with the best way to contact us for further inquiries. If you would like to make an appointment with one of our Illinois, Iowa, or Indiana Attorneys after watching a #LearnAboutLaw Video, please call our scheduling team at #OFlahertyLaw so they can set one up for you. They can be reached at (630) 324-6666. If you are not able to call, you can go to our website at www.oflaherty-law.com to speak to one of our customer service representatives there. #OFlahertyLaw now serves over 105 counties in Illinois, Iowa, and Indiana with convenient offices in scattered throughout. To see all of our office locations, you can go to our website at https://www.oflaherty-law.com. Our Attorney's main focus has always been providing quality legal work, white glove customer service, and affordable rates in all of the areas that we practice. While our focus has always been Family Law, Probate, and Estate planning, we do have extremely seasoned and capable attorneys who practice in Guardianship Matters, Criminal Matters, Litigation, Business and Contract Law, Real Estate, Immigration, Bankruptcy (7 and 13), and Debt Resolutions. If you are looking to hire an attorney after watching a #LearnAboutLaw video, please give our scheduling office a call so that our intake team can schedule you a time to speak with an attorney. Our office number is (630) 324-6666. None of the content in this series is intended as paid legal advice. Subscribe to our channel for daily videos dedicated to law and business. https://www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA

How might looming tax changes affect the valuation and timeline of selling your business? Rick Ormsby discusses the following topics and more alongside two tax experts: 1. Changes in Your ‘Sale Horizon' 2. Shifting Political Landscape 3. Looming Tax Changes 4. PPP Loan Forgiveness and Taxation

The Paycheck Protection Program (PPP) loans have provided much-needed aid to many businesses since the COVID-19 pandemic began. And while these funds proved to be a game-changer for companies everywhere, the process for applying for and receiving this loan forgiveness is certainly new (and possibly confusing) for everyone. There are three different types of forgiveness applications, two different covered periods, several different banks with different processes and a handful of new terms to understand. It's no surprise that the forgiveness process comes with a learning curve for companies, so where do you even start?In this episode of The Wrap, our guest David Crabtree, CPA, a Warren Averett Member and in-house PPP advisor, joins our hosts to answer the question: How do I file for PPP loan forgiveness, and what can my company expect?After listening to this episode, you'll be able to:Know when your company should file for PPP loan forgivenessKnow how long after you submit your application you can expect to receive loan forgivenessUnderstand the three different types of PPP loan forgiveness applications (and know which one applies to your company)Know the difference between two important terms when it comes to PPP forgiveness (your number of employees vs. your full-time equivalent)Understand how full-time equivalent is calculatedKnow how your company's headcount at the end of the covered period (or at the time of your application) affects your PPP loan Know which covered period (8 weeks vs. 24 weeks) should be used when you complete your forgiveness applicationRecommended Resources for Additional LearningPPP Update: Borrowers are Not Allowed to Deduct PPP Expenses if Forgiveness is ExpectedSBA Announces Loan Necessity Questionnaire for Borrowers with PPP Loans of $2 Million or GreaterWarren Averett's COVID-19 Resource PageThis episode was recorded on November 20, 2020 and reflects our views at the time it was recorded. Information within should be used as reference only. We recommend that you talk to your Warren Averett advisor, or another business advisor, for the most current information or for guidance specific to your organization.

The Paycheck Protection Program (PPP) loans have provided much-needed aid to many businesses since the COVID-19 pandemic began. And while these funds proved to be a game-changer for companies everywhere, the process for applying for and receiving this loan forgiveness is certainly new (and possibly confusing) for everyone. There are three different types of forgiveness […] The post HOW DO I FILE FOR PPP LOAN FORGIVENESS (AND WHAT CAN MY COMPANY EXPECT)? appeared first on Business RadioX ®.

Wondering if you are going to have to pay back your PPP Loan? Maybe you didn't get in on round 1 and want to know if you'll get another shot for a PPP Loan with a second round of stimulus money coming out? Our expert panelist guest is Ami Kassar, CEO of MultiFunding, LLC, author of "The Growth Dilemma" and freelance reporter for Inc Magazine. With the election behind us, Ami will discuss what to expect with PPP loan forgiveness, and how the second round of stimulus money can potentially benefit you and your promo business. Ami Kassar has dedicated the last two decades of his career to ensuring that business owners and entrepreneurs get the best possible financing to grow their businesses. In his work as a public speaker, Kassar has helped thousands of business owners and entrepreneurs. Download: PPP Loan Forgiveness Workbook --- Support this podcast: https://anchor.fm/theswagcoach/support

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a certified Mastery Level Profit First Professional. Let's dive into strategies to maximize profits in your business! In this episode, I walk you through how to apply for PPP loan forgiveness when you loan is under $50K.  If your loan is above $50K don't worry we will have a training on this later in our Profit First Masterclass. Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.  If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business! DISCLAIMER: The information contained within these videos is provided for informational purposes only and does not constitute, an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions, or regulatory updates in the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Welcome to Credit Union Overtime Podcast Produced and presented by the Credit Union Webinar Network, Powered by FinEd. Today we talk with Kimberly Rayer from Starfield & Smith, PC about an update to PPP Loan Forgiveness, specifically the US Department of Treasury's October 8th announcement regarding Simpler PPP Forgiveness for Loans of $50,000 or Less. Find the full webinar here, us coupon code FORGIVENESS25 for $25 off: https://cuwebtraining.com/webinar/navigating-the-ppp-loan-forgiveness-process-a-z Meet our guest: Kimberly Rayer is a partner in the law firm Starfield & Smith, PC, where she concentrates her practice on SBA lending programs, commercial financing, and other secured transactions. She represents lenders and lectures across the country on SBA closings and eligibility and compliance matters. Kim is admitted to practice before the Supreme Courts of Pennsylvania and New Jersey and the Federal District Court for the Eastern District of Pennsylvania. In addition, she is a member of the American Bar Association and the National Association of Government Guaranteed Lenders (NAGGL) and was named as a Pennsylvania “Rising Star” by Philadelphia Magazine. She received a Bachelor's from Drexel University and a JD from the James E. Beasley School of Law, Temple University. Find us on LinkedIn: https://www.linkedin.com/company/cuwn Give us a like on Facebook: https://www.facebook.com/cuwebinars

A major franchisee just picked up 41 IHOP locations, Famous Dave's is going whole-hog on ghost kitchens and confusion is muddying PPP loan forgiveness.

Scott Mc Comb- President at Heartland Bank- More great news for PPP Loan forgiveness

www.Aprio.com is a PPP Loan forgiveness assistance if they choose not to get a tax advisor. https://www.sba.gov/sites/default/files/2020-05/3245-0407%20SBA%20Form%203508%20PPP%20Forgiveness%20Application.pdf (https://www.sba.gov/sites/default/files/2020-05/3245-0407%20SBA%20Form%203508%20PPP%20Forgiveness%20Application.pdf)

Today we release a bit early this week to talk about PPP Loan Forgiveness. Jason Rush, Chief Operating Officer at First United Bank & Trust joins us today to talk about PPP Loan Forgiveness, and some of the common questions that are being asked. If you have questions or need to learn more, please send those to podcast@mybank.com or visit MyBank.com/forgiveness for more information.For other PPP related information, you may also visit MyBank.com/ppp

And you only have one chance to get it right.  Rick Telberg: Hi, I'm here today with Steve Nelson, CPA of Nelson CPA, managing member. You probably know him best because he's sold five million or more copies of QuickBooks For Dummies. Steve, thanks for joining us today. Steve Nelson: Thanks, Rick. Rick Telberg: The first question is, let's talk about PPP loan forgiveness. What are the surprises? Steve Nelson: One of the big surprises is that as compared to the way we help our clients do the tax accounting for a return, PPP is going to be much more working and require much more precision. A lot of the things that we, and our clients, have gotten used to, and some of the imprecision, that's just not going to be there for the PPP loan application. There's a single accounting period, not multiple accounting periods. It's going to be one application, not something you can amend. 100% of any mistakes you make are going to impact forgiveness, so that's a very, very different type of accounting that we're going to need to do. Rick Telberg: You said people should stop worrying about the forgiveness. Why is that? Steve Nelson: Yes, that's been a real surprise in this program, I think. With the PPP Flexibility Act, Congress created some safe harbors that let people probably wriggle out of losing forgiveness. The other thing is, is that this program was, originally, set up and suited to deal with eight weeks of payroll and a little bit extra for some other things like rent and utilities. When they changed the rules and allow a 24-week window, it means that you might not need to worry about forgiveness due to something like a reduction in headcount. It would be not uncommon to cut half of your employees and yet still have more than enough payroll cost to receive almost total forgiveness. That's going to be a surprise, but it's an important thing for businesses is to stay alert to, and our clients to stay alert to, so that people make it through this pandemic. Boy, I think this is going to be much more like applying for a mortgage application when you're a self-employed person, and the bank maybe doesn't trust you, in terms of the substantiation, or it's going to be dealing with an IRS correspondence audit where you don't just give them a number, but you give them a number and then you back it up with lots and lots of documentation. That's going to be something that is going to surprise many small business PPP borrowers. And it's going to overwhelm a number of those folks, I'm afraid. Rick Telberg: Are we looking at a year-around busy season for the next two years? Steve Nelson: That's an interesting thought. This year we've had the first half of the year the tax season. We're going to have a PPP loan forgiveness application season this year, I think we're going to have an extension season this year. Definitely, this year feels that way. I think our revenues and billing have looked that way. We stalled briefly, when that first nursing home had all the infection, but other than that, we've been very, very solid. Gosh, it's easy to believe that if we have a lot of activity next year, it could look the same way. I hadn't thought of that, but that's a real possibility, I suppose.

Or has it?

What to trust anymore! We talk about Paycheck Protection Program forgiveness, the Mountainside Fitness decision, Stimulus Package and the real estate market. Then we turn to Jon's Medical Corner for a new study about masks. 1) Phoenix Suns win four in a row! 2) Mountainside Fitness paves way for gyms to re-open in Arizona next week 3) PPP Loan Forgiveness guidance released by the SBA 4) Jo Beth Zeitzer of ROI Properties joins us to talk real estate 5) Masks may not work??!?! https://www.sciencedirect.com/science/article/pii/S2213260020303520?via%3Dihub 6) Ohio Gov Mike DeWine has COVID, Stimulus won't pass this week adding to political pressure 7) Poll results

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a certified Mastery Level Profit First Professional. Let's dive into strategies to maximize profits in your business! In this episode I explore strategies associated with choosing a 8 versus a 24 week covered period for PPP Loan Forgiveness. Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.  If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

In this webinar, we review most recent guidance (June 23, 2020) and highlight notable changes from the SBA with regards to the PPP Loan Program and specifically on the requirements for applying for loan forgiveness.

Hi Welcome to ValuationPodcast.com - A podcast and video series about all things related to business and valuation.  My name is Melissa Gragg, a company valuation expert in St. Louis Missouri.  During this episode we will discuss PPP loan forgiveness rules or spending rules and the PPP Loan forgiveness application process with Mark Nicholas, a forensic accounting expert and CPA in St. Louis as well as Bloomington and Decatur, Illinois. Welcome Mark!!   Once again, the PPP loan program has undergone changes that will affect how full forgiveness is achieved. This time there is some good news!  On June 5th, the Paycheck Protection Program Flexibility Act was signed into law that added some additional key provisions to help business owners meet the forgiveness requirements more easily.   I understand the time period for spending the PPP loan funds has been extended.  How long is it and what does that mean for business owners?   The old rules for spending the PPP loan funds was 75% on payroll costs and 25% on certain other items.  What changed?  Are the loan terms of 2 years and 1% interest still in place? Is it too late to still apply for a PPP loan?   What do we need to know about the PPP Loan Forgiveness Application and should the business owner wait to fill out the application? What do we know about Prioritized Paycheck Protection Program Act? Eligible businesses must have exhausted their initial PPP loan, or be on pace to spend the aid in order to qualify for another loan. The bill would also extend the loan application deadline for businesses from June 30 to Dec. 30 or later. A companion bill has been introduced in the House. Covered Period – The covered period for eligible expenses has increased from 8 to 24 weeks!This means that you have an extended period of time to accumulate payroll and other eligible expenses to meet the forgiveness requirements.  This means that those potential bonuses and payroll adjustments at the end of your original 8-week period may not be necessary at this time. If your PPP loan was made prior to June 5th, you may elect to still use the prior 8-week period to determine loan forgiveness. Payroll Costs – The payroll expense requirements for use of PPP funds has decreased to 60% of your loan, where it was 75% previously.  This allows for more of the funds to be used on the other qualifying expenses like rent, utilities, and mortgage interest. Using less than 60% of your funds on payroll costs will decrease the amount of other eligible expenses, which will decrease the total amount of forgiveness allowed. Application Deadline – If you have not yet applied for a PPP loan, the deadline is June 30th. If you're considering applying, don't wait until that date as your banker needs to submit the request to the SBA by June 30th.Melissa Gragg, CVA, MAFF, CDFAExpert testimony for financial and valuation issueshttp://www.BridgeValuation.commelissa@bridgevaluation.com Cell: (314) 541-8163Bridge Valuation Partners, LLCMark A Nicholas, CPA, CFE, CVA, CFF, MAFF Managing Member Financial Litigation Consultants, LLC 2712 McGraw Drive Bloomington, IL | 309-663-1353 3130 Sutton Blvd Maplewood, MO  | 314-279-9223 3040 N University Ave, Decatur, IL | 217-877-6766 Email:  mark.nicholas@flc-llc.com Website: http://www.flc-llc.com Support the show (http://valuationpodcast.com)

Do you have 10 minutes?That's all it will take to listen to this CU2.0 Fast Take on PPP Loan Forgiveness, a topic that suddenly is bedeviling thousands of credit unions as they confront the reality of how time consuming it is to navigate the loan forgiveness process.Make no mistake: you want to get that loan forgiven. Best guesses are that many of the loans that aren't forgiven will in fact default.You don't want that on your books.How long does the loan forgiveness process take a credit union that manually tackles even loan?  Figure 10 to 20 hours.That cannot work on a $100,000 or $50,000 loan.No way.Enter Capiform, where CEO Sherif Hassan tells in this Fast Take how to get the credit union staff time down to a few minutes, maybe an hour, max, per loan forgiveness application.The secret: Capiform screens that guide the borrower as he/she inputs the needed data.Call it a Tom Sawyer moment of brilliance. And Capiform gamifies the process so it almost becomes fun for the borrower.10 minutes.  Spend them wisely. Listen up.Hear the full length Capiform podcast here.Want more info? Contact Capiform at its website.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.comFind out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

Join us as we continue the conversation on identifying the challenges businesses are facing today through the unique shifts in our economy and everyday life while planning for long-term success. This week Dan and Steven talk all about the "GrowthLab Four" as well as a DIY PPP Loan Forgiveness Application.

Rick Ormsby and Derek Ball from the Unbridled Capital team are joined by Tim Ring, an expert in Franchise Law, to discuss the CARES Act and the traps and provisions of PPP loan forgiveness.

Attorney Marc Lopez talks with CPA Patrick Wanzer about the PPP Loan Forgiveness.

Have you applied for the PPP fund? Did you know there's still time for you to apply? But wait, before you apply, there are some things that you need to keep in mind. In this episode of the Page One podcast, Luke Peters sits with Frank Kaufman as he talks about the PPP fund and all that you should know before and after applying and whether you will be forgiven or not. Frank is the retail national practice leader at Moss Adams and chairs the firm's Paycheck Protection Program Technical Resource Group. He has been serving clients in the Retail and Direct to Consumer channels since 1983. Listen in to learn about the PPP forgiveness and the mistakes you could be making in that process. Key Takeaways: When the PPP fund is forgiven and the time it will take to start repaying if it's not. Understanding the law behind the PPP fund. The elements of the buckets of PPP fund forgiveness. Why you need to go apply for the PPP fund if you haven't already. Understanding the 11 months loan forgiveness process. How you can use your PPP fund for the liquidity of your business. Other programs aside from the PPP that you can apply for a loan from. Episode Timeline: [0:30] Intro [3:02] He explains how different retail businesses his company represents are performing amid COVID-19. [4:30] He describes Moss Adams- their span and whom they serve. [7:05] He explains in detail why the Paycheck Protection Program (PPP) has delayed. [9:01] Why you need to be smart in how you spend your PPP fund which can either be forgiven or the time you need to prepare before starting to pay it off. [11:54] Understanding when taking the PPP loan money can lead to breaking the law and where you get protected. [14:57] The two buckets that are considered when it comes to forgiveness. [16:27] The missing elements that are not too obvious in the two buckets of forgiveness. [19:32] He explains the methodologies that you can use to calculate and help impact your forgiveness amount. [20:57] How you can count employees that did not come as though they came back. [23:18] He mentions some of the common mistakes that borrowers are making that could hurt their loan forgiveness process. [26:05] How the PPP money can become an equity contribution to your business if forgiven. [28:48] He describes ways in which you can improve your company's liquidity. [31:25] How the digital economy and fear of losses from banks is going to affect how investors will view businesses in the future. [33:50] The changes in the investment's patterns now and in the future due to the COVID-19. [36:28] He mentions some other programs that you can apply to aside from the PPP or even if you get it.   Relevant Links: Email: Frank.kaufman@mossadams.com Website: https://www.mossadams.com/

During this episode we speak with Mark Nicholas, a CPA and forensic accountant with a 28 person accounting firm in St. Louis as well as Bloomington and Decatur, Illinois. Melissa Gragg, business valuation expert and host of ValuationPodcast.com, discusses the Paycheck Protection Program or PPP Loans and the Economic Injury Disaster Loan Program or EIDL and the forgiveness process of these loans. PPP Loan Forgiveness Process (CPA St. Louis)Businesses are starting to get their EIDL loans. What are some of the major issues surrounding these loans? There seems to be a lot of talk about spending requirements with the PPP loan. What are the key factors? Is it about time when many businesses will start applying for forgiveness of their PPP loans. How do they go about this process? Full-time equivalents are a somewhat hidden aspect of the PPP loan forgiveness program. How important are FTE's to forgiveness? What's next for business? PPP Loan Forgiveness Process - http://valuationpodcast.com (314) 541-8163 A podcast and video series pertaining to all things business and valuation.  Melissa Gragg, CVA, MAFF, CDFAExpert testimony for financial and valuation issueshttp://www.BridgeValuation.commelissa@bridgevaluation.com Cell: (314) 541-8163Bridge Valuation Partners, LLC301 Sovereign Court, Suite 208St. Louis, MO 63011Mark A Nicholas, CPA, CFE, CVA, CFF, MAFF Managing Member Financial Litigation Consultants, LLC 2712 McGraw Drive Bloomington, IL | 309-663-1353 3130 Sutton Blvd Maplewood, MO  | 314-279-9223 3040 N University Ave, Decatur, IL | 217-877-6766 Email:  mark.nicholas@flc-llc.com Website: http://www.flc-llc.com Support the show (http://valuationpodcast.com)

Quote“Documentation is key when it comes to calculating how much forgiveness you have.” - Jamie Nau  The finer details of this episode Changes related to compensation of employees and owners Rules for bonus and hazard pay for your employees Limits on owner compensation Changes that self-employed and partner filers can expect What this means for you based on your number of employees Rehiring procedures and requirements Forgiveness of interest Utilities and expenses in loan forgiveness How to calculate your payroll for loan forgiveness How these changes can be beneficial to your business  Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- vcfo@summitcpa.net  

The panel gives an overview of updates to the Paycheck Protection Program, including the release of the loan forgiveness application. Panel: Alex Thiersch, JD, CEO and Founder, AmSpa Michael Byrd, JD, Partner, ByrdAdatto Brad Adatto, JD, Partner, ByrdAdatto Ben Hernandez, Partner, Skytale Group Patrick O'Brien, JD, Legal Coordinator, AmSpa

The U.S. Small Business Administration (SBA) released two more interim final rules on the Paycheck Protection Program (PPP) on Friday, May 22. Host Damien Martin calls up BKD's Tad Goodenbour, James Anderson and Robb Conner to unpack the latest guidance and what it means for borrowers. ADDITIONAL RESOURCES MENTIONED IN THE EPISODE BKD alert: PPP Loan Forgiveness: What We Know (May 26, 2020) BKD article: SBA Releases PPP Loan Forgiveness Application (May 19, 2020) BKD webinar archive: COVID-19 PPP Loan Forgiveness: What We Know (May 18, 2020)   GET MORE “SIMPLY TAX” We're excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel. A complete archive of our episodes is available on our website and YouTube playlist. We'd love to hear from you! Email feedback and questions to SimplyTax@bkd.com. Connect with Damien on social media! LinkedIn | Twitter | Instagram | YouTube

Quote “Don't try to game the system with these. The government is going to be really scrutinizing the details with this.” - Jody Grunden The finer details of this episode Which expenses are included in loan forgivenessWhat you should do if your business uses contractors How to approach documentation What you need to know about the regulations and guidelines The timing and process to obtain forgiveness How to work with any loan that isn't forgiven Do you need to pay taxes on the loan forgiveness?  Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- cpa@summitcpa.net 

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a certified Profit First Master. Let's dive into strategies to maximize profits in your business! In this episode, we'll go over the best strategy that I've used to help my clients with PPP Loan forgiveness. Simple, straight-forward, and you can get started right away! Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.  If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business! For more free resources and trainings, subscribe to our YouTube channel, here. 

CEO Paul Sponcia will be hosting this follow-up webinar from last weeks update video with with our two two experts from law and accounting: - Chris Trump, a Shareholder and Attorney with Egerton, McAfee, Armistead and Davis, PC - Adam Slack. Partner and CEO of Two Roads Accounting This time we will cover the most recent guidance AND the recent PPP forgivness application that came out. Our experts will talk some more on how to interpret, track, address, etc.

President Trump takes an unapproved Covid19 treatment, PPP Loan Forgiveness guidelines for forgiveness issued, unemployment preventing businesses from functioning? --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/nneka-hite/message Support this podcast: https://anchor.fm/nneka-hite/support

Deloitte Newsletter of House $3 Trillion tax bill: https://newsletters.usdbriefs.com/2020/Tax/TNV/200515_1.html?elqTrackId=6edc9867a07b496ca7fdcb97303b8367&elq=05e746544b3b4082a88ef1de99816883&elqaid=70867&elqat=1&elqCampaignId=13526 The House Bill: https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-116hr6800ih.pdf Paycheck Protection Program Loan Forgiveness Application: https://www.sba.gov/sites/default/files/2020-05/3245-0407%20SBA%20Form%203508%20PPP%20Forgiveness%20Application%20FINAL_Fillable.pdf Forbes article reviewing the Application: Very detailed analysis of the history of PPP loans and how to apply for forgiveness. https://www.forbes.com/sites/anthonynitti/2020/05/16/sba-releases-paycheck-protection-program-loan-forgiveness-application-a-deep-dive/#13dd1ee1b2f5

PPP Questions – How to prove LLC income? VA on 1099 = Payroll? Can't apply w/o 2019 filed? EDIL site denies entry, help! What sites take agent applications? Paypal or Intuit? PPP and PUA done together? & more! Answered by our favorite stimulus-expert CPA.

Quote“Don't try to game the system with these. The government is going to be really scrutinizing the details with this.” - Jody Grunden The finer details of this episode Which expenses are included in loan forgivenessWhat you should do if your business uses contractors How to approach documentation What you need to know about the regulations and guidelines The timing and process to obtain forgiveness How to work with any loan that isn't forgiven Do you need to pay taxes on the loan forgiveness?  Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- vcfo@summitcpa.net 

As many companies begin to receive funding as part of the Paycheck Protection Program, businesses are turning their attention from navigating the application process to allocating their own use of the funds and understanding loan forgiveness. In this episode of The Wrap, Adam West, CPA and David Crabtree, CPA join our hosts to discuss what companies can do to gain an accurate understanding of the provisions in the PPP and the steps to take to maximize their loan forgiveness.Discussion in this podcast episode includes:·       Which expenses are eligible for loan forgiveness and which aren't·       Tips for keeping records so that you have the right documentation for loan forgiveness·       Guidance for financial statements and what loan forgiveness means for you company's taxes·       How loan forgiveness will be calculated