On June 16, Tonkon Torp attorneys Jeff Cronn, Drea Schmidt, and Ferdie Ruplin will host a roundtable discussion and Q&A on changes to the PPP resulting from passage of the Paycheck Protection Program Flexibility Act. Attendees are invited to submit questions in advance of the roundtable to businessevent@tonkon.com. We will also be taking live questions during the program.
The roundtable discussion will provide updates on and answers to several important borrower questions:
- What is the new payroll vs. non-payroll ratio for loan forgiveness?
- What is the expanded “covered period” for forgivable loan expenses? What is best strategy for choosing your “covered period”?
- What is the expanded repayment term?
- What is the extended deadline to rehire workers for calculation of FTE headcount?
- What are the top continuing loan audit considerations?
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Please visit our COVID-19 Business Resources page to find related alerts, upcoming webinars, and links to past recorded webinars.
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