SCORE: Navigating the PPP Loan Forgiveness Process
Name:
SCORE: Navigating the PPP Loan Forgiveness Process
Date:
June 9, 2021
Time:
2:00 PM - 3:30 PM EDT
Website:
sect.score.org
Event Description:
The Southeastern Connecticut chapter of SCORE (sect.score.org), Mentors to America’s Small Businesses, presents a free webinar on “Navigating the PPP Loan Forgiveness Process.”
For small business owners experiencing confusion with the PPP loan forgiveness process, this webinar with small business consultant and SCORE Mentor Josette A. Hill will bring clarity and peace of mind. Topics will include:
Workshop Presenter Josette A. Hill is the Founder of J.A.H. Financial Services, a Portland CT Corporation. She is an accomplished Income Tax Professional, Coach, SCORE Mentor and highly sought-after Small Business Consultant. Her diversified financial services and accounting experience of over 15 years has included positions with ING Financial, The Hartford, Aetna and H & R Block. Josette is also a Mentor with SCORE, where she is a Subject Matter Expert on QuickBooks.
KeyBank: KeyCorp's roots trace back 190 years to Albany, New York. Based in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $170.3 billion. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states through a network of over 1,000 full-service branches and 40,000 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
For small business owners experiencing confusion with the PPP loan forgiveness process, this webinar with small business consultant and SCORE Mentor Josette A. Hill will bring clarity and peace of mind. Topics will include:
- When is the deadline for submitting my PPP loan forgiveness application?
- What are considered eligible/forgivable expenses?
- What costs are not forgivable?
- If I pay a 1099 independent contractor, are those costs eligible as payroll expenses?
- What does “Alternative Payroll Covered Period” mean?
- Why would I be denied for forgiveness?
- Which of the two application forms should I use?
- When does the covered period start/end?
- What if I make payroll outside of my covered period?
- What about payroll cost incurred before the covered period?
- Should I use the gross amount or net amount to calculate my payroll cost?
- Will the PPP loan be taxable to me for next year?
- Can I write off Expenses covered under my PPP loan?
Workshop Presenter Josette A. Hill is the Founder of J.A.H. Financial Services, a Portland CT Corporation. She is an accomplished Income Tax Professional, Coach, SCORE Mentor and highly sought-after Small Business Consultant. Her diversified financial services and accounting experience of over 15 years has included positions with ING Financial, The Hartford, Aetna and H & R Block. Josette is also a Mentor with SCORE, where she is a Subject Matter Expert on QuickBooks.
KeyBank: KeyCorp's roots trace back 190 years to Albany, New York. Based in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $170.3 billion. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states through a network of over 1,000 full-service branches and 40,000 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
