06/11/2020
Today @ 2 PM New updates on PPP loan Forgiveness.
We will be live in the Group @ 2pm PST to discuss the re-opening of businesses and updated guidelines to the PPP loan. Joining us will be:
Ron Burgess – Executive director of MicroGiants
Eddie Lasik – Edward B. Lasak, CPA - Strategic Business Solutions
Ray Andersen – Business Consultant
If you have any specific questions or topics, you’d like to discuss regarding the PPP loan, please comment below so we can address them.
If you want to interact in the zoom call register with the link below.
Live @ 2pm PST - https://us02web.zoom.us/webinar/register/WN_5ABaAai7SFSJ0auS2bPruA
Hosted by Edgar Martin – Collaborative Networks Inc. cnet6.com
Expansion of the covered period to 24 weeks from 8 weeks and through Dec. 31, 2020, from June 30, 2020
Extension of the minimum loan term to five years from two years
Deferral of payments until the date on which the amount of loan forgiveness is remitted to the lender, and if the borrower neglects to apply for loan forgiveness within 10 months after the end of the covered period, the borrower must begin making payments on the loan
Deferral of payment of the employer share of Federal Insurance Contributions Act (F**A) taxes unless employers already had a loan through the program forgiven
Extension of rehiring deadline to Dec. 31, 2020, from June 30, 2020
This makes the PPP an even bigger game changer!
below is last weeks Video.
What is unique about the Coved Virus as a disrupter At this point how do each of you expect the “opening” to come out by September? How many will go out of b...
