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John Siebert's Personal Meeting Room - Shared screen with speaker view
Amy Giesecke
26:17
Can we access a pdf of these slides?
john
29:38
I will send a link to the entire video at later today & post on facebook. I'll see if I can also send the slides
john
30:57
If you aren't a current client, send your email address to hope@columbus-cpa.com and I'll add your to our email list
jodihouser
34:02
If you have an employee who is laid off (not furlough, assuming their job is not secure) do you have to bring them back
Jed Kesler
35:52
Will the money be distributed in a bulk payment for the PPP loan?
jodihouser
35:56
That makes sense, thank you
Alexander Daher
35:59
John - I have 3 W2 and 12 Contractors, Can I still apply to PPP? Are GeneralLiability + Errors and Emissions and various Insurance payments I pay per year, part of the PPP calculations ?
MarkM
35:59
When can we apply for the PPP loan?
Michele cook
36:14
do you know when the extended unemployment benefits will start?
iPhone
36:23
I know they mention certifying need at the end of this to get the forgiveness? What does that look like? How will they prove the need?
iPad (2)
36:43
if you do ppp loan and you get shutdown what happens?
Mike Shrallow
36:49
I applied for the EIDL grant/loan at the strong recommendation of the American Dental Assoc. Can I just take the $10k grant and refuse the loan if I don't want a loan?
Jason Perlman
36:57
if we reduce hours for staff and do not use all the allotted amount do we just pay the difference back to the government or should we make sure to pay at least 75% of the amount to payroll
J. Schaefer
37:02
One of my doctors left due to no childcare. Does she have to come back in order to receive unemployment? And does she have to come back in order to receive the PPP loan?
E
37:06
can one determine disbursement date with the PPP loan?
bobru
37:36
Do we determine the amount of the PPP loan from the last 12 months of payroll or 2019 payroll and do we use our 941 totals to calculate?
Jed Kesler
37:37
Are we able to delay distributing payroll or do we need to start immediately when we receive the loan?
Intra’s iPhone
37:52
How will we “prove” funds are going toward payroll?
Doug Kincaid
38:16
If the PPP Loan is not extended, then I assume employees could be laid off and they could then apply for unemployment?
Michele cook
39:22
the expanded unemployment($600/wk) has bot started yet
Ann
40:18
some employees are working (with reduced hours) and some are not (by their choice/fear) can i use the money to supplement the working peoples wages(i.e.they would be paid a "bonus" amount for working during this time) and also pay the ones staying home? are they required to come back in and work?
iPhone
40:55
Basically this is getting a loan to pay people even though they may not be working. We were ordered to shut down, so there is no work at the office for the staff to do.
E
41:27
im confused, so the PPP loan amount is determined by strictly by payroll, but can it be used for Rent and Utilities as well and still be forgiven?
Renate Maxey
41:57
FYI: information I received from Huntington indicates your 2019 P&L and 2020 P&L as well as parole information. and possibly other information may be requested.
iPad (2)
42:35
with the ppp. what about supplies?
Jed Kesler
43:13
Is the doctor's salary included in the acceptable payroll?
Cena
43:33
We have a seasonal business. Right now we have a lot of money on hand for the low income spring & summer period. Does PPP care about how much money you have in your account right now? I am very worried about making payroll in the summer though.
Sharon Ward
44:06
I have a child care center that was closed by executive order. I have a lot of PT staff. They are not eligible for unemployment. Im not sure I will have Enough clients to support the full FT and PT salaries. How do I forecast what I should apply for so I maintain 75%?
dsilvia
46:05
Does payment of state or local tax assessed on the compensation of the employee include BWC & SUI?
bobru
46:07
If we are permitted to reopen in May can we apply then for a PPP Loan?
jason's iPad
48:16
can member draws or 1099s be considered for payroll?
Mary Brown
50:14
Are sole proprietors able to be paid through PPP?
Jake Shirck
50:15
I seem to hear a lot of different interpretations regarding of when you get approved for the PPP loan compared to when you accept it. For example, if we get approved now, but not accept it until June (when we expect to be back open), will we be able to accept it midJune and have it help payroll for 8 weeks? Or is this to be able to hire them back on right now, while the business is closed, as a way to do this instead of unemployment? How would you recommend timing taking out the PPP if your employees are on unemployment
Jed Kesler
50:20
If we have multiple offices with different EINs are we able to appy for each office?
jodihouser
50:45
If I filed last year as a single member LLC but am filing as s corp this year can I calculate my doctor salary into this
Doug Kincaid
51:04
Independent contractors applying for the PPP Loan - showing proof of payroll after 8 weeks. They are basically paying themselves during the 8 weeks, so really no checks issued to themselves. So really no proof of payment. I suppose they need to discuss with the SBA bank?
KSH
51:33
Does payment of state or local tax assessed on the compensation of the employee include BWC & SUI?
Sharon Ward
52:17
Please give your email again and website again. You spoke to quickly
Mary Brown
52:52
If a sole proprietor gets a PPP loan now to pay employees, is he able to get another PPP loan to cover himself when the loan is available to him?
E
54:49
if I only get 10k from the EDIL, what are the stipulations for that becoming a Grant? Also, if i then go to the PPP loan and the 10k is reduced from that Loan, is the 10k still only good for 75% of payroll to make the PpP forgiveable or is it just the remainder that is apart of that 75% forgiveable sum. I just dont want any loan that I will need to be back at all.
Intra’s iPhone
55:16
can I apply for ppp for my lease holding company?
iPhone
56:04
I have heard that you should create a different bank account for these loans to keep it all separate. the payroll companies should take from the new account to keep things separate.
E
57:09
i called my banker yesterday and he said we need to go to sba.gov to apply for the PPP loan, not the bank directly at the moment..seems conflicting
bobru
59:29
Is the forgiveness calculation going to be based on your payroll dollars over the 8 weeks vs prior year average payroll or just the 75% of the loan amount going to payroll over the 8 week period?
ZHenia
01:00:44
can we use the PPP loan for utilities, rent expense to ourselves since we own a separate company for our buildings?
Intra’s iPhone
01:01:30
when calculating 12 months payroll, do I include payroll tax and IRA match contributions?
J. Schaefer
01:02:08
So we would be better off underestimating the payroll in order to ensure the forgiveness.
srose
01:02:38
What if you pay emergency sick leave or emergency FMLA, rather than payroll, or and employee quits - and your payroll falls below the 75% of loan value? Any protection or waiver for those circumstances?
Jason Perlman
01:02:45
seems like in the eight week of we are not at that 75% threshold we can give bonuses to meet that as a reward for those still working at our medical office?
E
01:03:01
Thanks John, know you are working hard.
KSH
01:04:27
Nice job...presentation easy to follow and understand. Appreciate that.
Intra’s iPhone
01:04:49
This was awesome! thank you so very much
Mary Brown
01:05:13
Isn’t the PPP loan supposed to be used to pay employees who are laid off from dental offices?
ZHenia
01:05:23
what if our staff is currently on unemployment. Do we have to bring them back in order to use the PPP loan for payroll? We are currently paying for all staff health care but they are all on unemployment.
dsilvia
01:05:39
Thank you. Very helpful.
Ann
01:05:49
can we deternine the hourly wage to employees to distribute the funds even if it isn't the same amount they were receiving prior to this time?
J. Schaefer
01:07:16
thank you guys! great presentation and Q&A. I feel much better about the process now. Good luck everyone
Jake Shirck
01:07:31
But I thought if you do this PPP, you have to hire all employees back, not just the key staff members?
Intra’s iPhone
01:07:37
what happens if someone quits during that time of PPP requirement.
ZHenia
01:10:57
Can we use the PPP loan for the amount that I already paid an employee since we were closed?
Doug Kincaid
01:14:28
Thank you John and Matt. Very helpful and thank you for taking the time to do this.
Amy Giesecke
01:14:29
thank you!
Jim Scofield, ABS
01:14:30
I appreciate your time and effort for this John and Matt. Very informative.
iPhone
01:14:33
thank you!!
Ann
01:14:33
thank you!!
Sharon Ward
01:14:34
have under 20 employees. Regular FMLA does not apply tp me. Not sure if there is a exemption for new expanded FMLA. Some of my staff have health conditions and might not to work. Do I include there salaries inPPP $ request?
Cena
01:14:47
Very helpful! Thank You!!
ZHenia
01:15:44
If we bring staff back in, but we can't physically have them working from home, how does this work
Alexander Daher
01:15:50
Thank John
mark
01:15:53
Very good presentation...Great Q & A on PPP loan. Thanks