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What You Need to Know: PPP Loan Forgiveness Accounting & Tax Considerations

May 6, 2020 @ 2:00pm

If you or your customers have received, or expect to receive, Paycheck Protection Program (PPP) funding, you likely have several questions and concerns:

  • What specifically qualifies for loan forgiveness?
  • How do you account for the proceeds and the loan forgiveness?
  • When can you apply for loan forgiveness?

On top of that, there are tax considerations for both corporations and pass-through entities surrounding the program, including federal and state tax treatment of forgiveness and rule conformity.

Join Wolf & Company for a complimentary webinar discussing these key PPP Funding and considerations with a deep dive into your and your customers’ most pressing questions.

Ryan P. Brunell, CPA, MST - Principal, Wolf & Company, P.C. 
Ryan M. Gorman, CPA - Principal, Wolf & Company, P.C. 
Daniel F. Morrill, CPA - Principal, Wolf & Company, P.C.
Michael C. Stravin, CPA, MST - Principal, Wolf & Company, P.C.