November 12, 2020 8:00am – 3:30pm Map & Directions 602-252-4144

Webcast: PPP Loan Forgiveness and COVID-19 Tax Developments

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

Now that borrowers have exhausted their PPP loan funds, attention turns to the application for forgiveness process and issues. In this session we will look at the options borrowers have when applying for forgiveness, as well as the pros and cons of applying immediately for forgiveness or waiting a while before starting the application process. We'll also look at any recent developments arising as Congress considers additional relief provisions and the Administration begins implementing their own programs, as well as the other tax provisions adopted during the year in reaction to the COVID-19 pandemic.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$300
Non-CPA Staff:
$400
Non-CPA Staff (100% club):
$300
Non-CPA Staff (sole proprietor):
$300
Non-Member:
$400
Webcast
Taxation
8

Objectives

 


Course Level

Update

Vendor

Kaplan Development Group More With This Vendor

Designed For

Practitioners who work in or advise closely held businesses.

Prerequisites

None.

Event Leaders

Zollars, Edward K.

Rating: 4.84


Edward K. Zollars, CPA, is in public practice in Phoenix, Arizona as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for more than 35 years, specializing in tax issues for closely held businesses and individuals.

Zollars has been professionally involved with both tax and technology issues, combining the two disciplines in producing the Current Federal Tax Development Update Podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees focusing on tax and technology issues and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. He is also a member of the Phoenix Tax Workshop’s Advisory Committee and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Zollars was selected as a Life Member by the Arizona Society of CPAs in May, 2010.

Along with writing, editing and presenting courses for Loscalzo Institute, Zollars has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid-1990s.

He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state societies of CPAs.


More With Zollars, Edward K.

Highlights

  • A review of eligible payroll and non-payroll costs for forgiveness, including additional guidance on health care and retirement costs issued by the SBA.
  • The various special safe harbors for avoiding or reducing the impact of the FTE reduction of forgiveness.
  • The SBA's process for forgiveness applications and the appeals process available to borrowers.
  • Accounting issues that arise with PPP loans, both before and after forgiveness.
  • How a PPP loan impacts any changes in ownership.
  • COVID-19 related payroll tax relief and how employers may take advantage of it.
  • Changes to various TCJA provisions enacted with the CARES Act, including both temporary relief and technical corrections (including qualified improvement property).

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