Maximizing PPP Forgiveness – CFO tips and tricks for getting the loan forgiven
You researched, applied for, received, and used your PPP loan based on the best guidance you could find. Now, it’s time for forgiveness, and there are still so many questions!
What exactly is “payroll cost”? What is an “eligible non-payroll cost”? How do we decide between the 8 week or the 24 week covered period? Which form should MY business use? And what are all of these rules about owner compensation? Are they different from the rules about employees?
Hannah covers all of these questions, and provides 4 strategic ways to get help in achieving full forgiveness in this 40 minute presentation. You’ll also learn specifically about Safe Harbors and how to document them plus the different ways to account for and calculate FTE.
There are choices you can make to maximize forgiveness and you will better understand how to choose what works for your business after watching this presentation!
This presentation was a part of the CFO Leadership Conference, and sponsored by Upside Financial.
Instructions for 3508 - Includes documentation requirements: https://home.treasury.gov/system/files/136/PPP-Loan-Forgiveness-Application-Form-3508S-Instructions.pdf
If you want to explore Clara CFO Group, find us here: https://claracfo.com/
If you want to schedule a time to talk with Hannah (the one in the video) about your business, do that here: https://claracfo.as.me/claritysessions
Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.