PPP Loans and forgiveness have been on everyone’s minds. During this NASBP Virtual Seminar, Julian Xavier of CLA will touch on the following areas and what bond producers and their contractor clients should discuss and consider from a planning perspective:
- Best practices in presenting the PPP loan on year-end financial statements (examples where loan is forgiven and where it isn’t)
- Strategies on timing of applying for loan forgiveness and recording forgiveness
- Tax planning ideas around PPP loan forgiveness
- What do you do now from a cash flow perspective that PPP funds have been exhausted?