On Wednesday, May 27, 2020, Bullivant Houser and Holmes & Company presented a joint webinar on “Advanced Loan Forgiveness Topics and Risk Management of Regulatory Investigations and/or Criminal Prosecution,” which was Part 3 of their Paycheck Protection Program webinar series.
The webinar focused on two primary advanced issues of the PPP:
- The detailed calculation and management of PPP loan forgiveness, including step by step instructions for completing the newly issued PPP Loan Forgiveness Application, newly issued ordering rules, the latest interpretations of forgiveness issues, commonly asked questions by borrowers (including risk areas), changes in forgiveness calculations for FTE reductions along with a new FTE safe harbor, new guidance on “incurred and paid,” required documents that must accompany the aplication, required documents to be maintained but not submitted, borrower demographic information requested, and certifications required on the Application; and
- Exploring the risks regarding the “economic need for a PPP loan,” in light of new guidance indicating the businesses who obtain PPP loans without the requisite economic need may be subject to regulatory investigations and/or criminal prosecution.
The response to Part 1 and Part 2 of this webinar series was overwhelmingly positive so join us in learning everything you need to know in this 100-minute presentation which includes Q&A derived from participants.
- Webinar Recording: https://www.youtube.com/watch?v=EEbzeAQ7Myk
- PowerPoint Slides: PPP Loan Forgiveness Advanced Webinar_052720.pdf
- PPP Loan Forgiveness Application: PPP Loan Forgiveness Application.pdf
Laura is the Practice Group Leader of Bullivant Houser’s Business Law Group. She is a trial attorney focusing her practice on complex business, professional liability, and intellectual property disputes. Her approach is consistent regardless of the area of the law: gain a full understanding of the issues, but more importantly, the client’s needs. Once understood, she prepares a vigorous defense or representation that draws on her many years of successful trial experience.
Tom is a trial lawyer whose Washington and Oregon business litigation practice focuses on advising entities and individuals regarding a wide range of issues with an emphasis on disputes involving financial matters. After obtaining a Bachelor of Science degree in Accounting, he spent three years as a financial consultant with a top-tier CPA firm. His areas of expertise include all varieties of commercial disputes, litigation involving claims against attorneys, accountants, and financial advisors, and general contract litigation.
Bill Holmes, CPA/ABV/CVA/CFE
Holmes & Company PC
Bill is a certified public accountant, business valuation expert and fraud examiner with Holmes & Company PC. He is the Vice-Chair of the Accountants’ Specialized Litigation Group (SLG) for the Defense Resource Institute (DRI) and served on the Oregon Board of Accountancy Complaints Committee (BOACC) for five years. He has published articles on the standard of care for accountants, is an invited speaker at national litigation conferences involving accounting malpractice and advanced damages topics, and assists trial lawyers nationally in complex litigation matters. His firm provides full service public accounting services, including auditing, taxation, and business consulting services to a broad range of clients.