Webinar: What’s Next for PPP Recipients — Navigating the Forgiveness Process & Planning for the Close of 2020 for Income Tax Purposes

PYA Principals Debbie Ernsberger and Mark Brumbelow, in conjunction with the Blount Partnership, will discuss the PPP and related year-end tax strategies as we wind down 2020. Key takeaways include the following:

• Appropriate use of PPP loan proceeds, and documents to retain for record-keeping
• Forgiveness application forms required for completion
• Key components of the PPP loan forgiveness application
• Impact of forgiveness determination on expense deductibility
• Tax planning strategies for minimizing the tax impact of forgiveness
• Needs for legislative and guidance clarity

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