PPP LOANS: $900 BILLION DEAL ON EMERGENCY RELIEF PACKAGE

4.5 (111)

Robert Keebler, CPA, , CGMA, PFS

Keebler & Associates LLP

Wednesday, January 13, 2021 | 03:30 PM EST

  • CPA
  • EA
  • CTEC
  • TAX PROS
  • AFSP

Credits: 1.5 CPE | 1 CE

$15

Subject Area

Taxes

Webinar Qualifies For

1.5 CPE credit of Taxes for all CPAs

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

Jan 26, 2021 | 01:30 PM EST Register

Course Description

One of the largest parts of the $900 billion package on December 21st is the $284 billion second round of PPP loans, which would allow businesses, including those that received a PPP loan the first time around, a second chance at receiving a loan if they can show evidence of significant losses in 2020 over their 2019 revenue.  The coronavirus-related relief framework includes funding for the following significant items of great interest for advisors and their clients:

  • Deductibility of PPP expenses
  • Expanded PPP expenses
  • Massive funding for the PPP

The best way for accountants to prepare for this significant development is to join Bob Keebler in this exclusive live webinar. He will review all of the critical issues accountants need to master to quickly and competently advise their clients.

Learning Objectives

  • To identify the total deductibility of expenses satisfied when forgiven PPP funds are provided for in the bill
  • To determine what additional $284B round of forgivable “second-draw” PPP loans are available for small and “hard-hit” businesses
  • To recall the new quarterly revenue rule to qualify for a second PPP loan
  • To identify expanded eligible expenses
  • To determine how to complete simplified forgiveness applications for loans less than $150,000, loans less than $2,000,000, and covered period rules

Who Should Attend?

  • Tax Attorney
  • Tax Practitioners
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Senior Accountant
  • Tax Managers
  • Accounting Managers
  • Tax Preparer
  • Staff of Accounting Firm
  • Tax Professionals
  • Bookkeepers & Accountants & Tax Preparers

Testimonial

4.5

(111)
50%
44%
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RN

Excellent instructor with a great understanding of the new PPP program. Very useful information.

RS

Learned something new.

JW

wonderful speaker

ES

Mr. Keebler explained who qualified and how to figure the amount they qualified for. He also covered other new laws that are for 2020 and 2021 so I can keep my clients aware of what they can deduct.

TR

I thought it was informative. Sometimes he read the slides verbatim, but overall it was a good program.

JL

Well presented. A lot of material though.