You’ve just received your PPP Loan proceeds (or the money is pending). Just as with the initial loan application period, there is a lot of noise out there about what to do with the proceeds. What should your next steps be?

Dave Myers, MST, CPA & Tax Partner, and Mark Zimmerman, JD, MRED, CPA & Tax Director, give guidance on the things we believe you should be doing over the next 8 weeks.

This webinar will address:

• Where to deposit the loan proceeds: Is it better to deposit in your existing bank account or should you open a new one specifically for the funds?
• What to do with your employees: Furloughs and layoffs vs. retaining them on your payroll and how the decision relates loan forgiveness.
• When to bring back employees: Hiring employees back before or after June 30th and its impact on loan forgiveness, and examples of two possible limitations.
• How to maximize loan forgiveness: One great way to maximize loan forgiveness and the benefits to both your company and your employees.
• What’s new: Recent developments and guidance from the SBA and Treasury regarding the Paycheck Protection Program and the calculation of loan forgiveness.Also includes a live Q & A chat.