The SBA released the official PPP Loan Forgiveness Application on May 15, 2020. With the onset of the COVID-19 virus and the shutdown of the worldwide economy Congress authorized Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program loans. Are you eligible for a PPP loan? Should you apply for the loan? If your company or client received a PPP loan, some or all of the loan amount can be forgiven. Borrows will need to apply for forgiveness and provide documentation to show how the funds were spent. This course will discuss the expenses eligible for forgiveness and the documentation required to document forgivable expense amounts. We will walk through the SBA PPP Loan Forgiveness Application so attendees can familiarize themselves with the requirements.
Publication Date: July 2020
Designed For
CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- Review of the Paycheck Protection Program
- EZ PPP Forgiveness Application: Updated 6/16/2020
- PPP Forgiveness Application: Updated 6/16/2020
Learning Objectives
- Identify the requirements for the PPP loan forgiveness
- Identify how to complete the PPP Loan Forgiveness Application
- Recognize eligible expenses that can be paid by PPP loan funds
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of individual and business clients.
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.