PPP Flexibility Act — What Contractors Need to Know

- 6/17/2020
- Virtual
- Speaking
Event materials
- Presentation Slides: PPP Flexibility Act — What Contractors Need to Know
- Recording: PPP Flexibility Act — What Contractors Need to Know
The Paycheck Protection Plan (PPP) Flexibility Act makes key changes that impact loan forgiveness for borrowers. This recording provides an update on the Act and covers:
- Key provisions of the new Act and differences between previous guidance including: longer 24 week spend period, 60 percent payroll cost threshold, longer repayment period and other changes to forgiveness calculations
- Areas that still require clarification
- Discussion of the 8 versus 24-week decision
- Income tax planning: forgiveness cost selection and timing
Speakers:
- Mike Africk, Principal
- Julian Xavier, Managing Principal
- Perry McGowan, Technical Director