Zoom Logo

Lucas Horsfall Presents: PPP Loan Forgiveness Webinar 5.22.2020 - Shared screen with speaker view
Lisa Haussler
35:36
Will you have a second webinar to address sole practitioners?
Stephen Giovanisci
37:50
If you don't use all 75% toward payroll, will the portion you use (say 70% for example) be forgiven and we will owe the remaining 5%?
Stephen Giovanisci
46:09
can payroll go over 75%?
Jeff Yablonovitz
46:20
How do employees who quit voluntarily or were fired for cause after the February 15 reference date affect the FTE reduction calculation?
Peter Richards
47:21
When does the 8 weeks start? Loan approval? Money in bank?
Ric Serafin
48:05
Can you discuss again step 2
Lucas Horsfall LLP
48:07
Peter: it starts on the loan disbursement date. We have a slide on it later
Leslie Ito
48:17
If we are anticipating layoffs after the PPP time period, do we have to wait until after the 8 week period to give staff notice or can we give notice and just make sure that they are paid through week 8?
Nathan Gabbard
48:22
If you don’t use all of the funds and pay a portion back; does the 75% rule for payroll apply to the total amount of the loan - or the amount remaining after deducting the portion paid back?
Andrew Tomat
53:08
How does it work if you are on Monthly payroll and loan day is in the middle of the month
Patti Anderson
54:09
will these slides be available after this webinar?
Patti Anderson
54:46
are employer contributions to retirement plans based on date paid or incurred?
Lucas Horsfall LLP
55:17
Slide deck, calculator worksheet, SBA FAQ, and meeting recording will be shared after the meeting
Robert D'Anis
56:43
with stay at home orders, and working from hom, can we write off our interest on our home mtg during the 56 days?
Ka man Chan
57:26
For retirement plan, can the employer contribute more, and is allowed on our retirement plan document?
Ka man Chan
57:40
during that 8 week period?
MARTHA APARICIO
58:26
Is health insurance premium allowed in the 25% portion if only the officer is covered in that group insurance plan? All other employees (3) have their own insurance plans and waive inclusion in the business group plan.
vladimir ondrasik
59:22
There is mixed information on temp companies counting for forgiveness. Our bank approved our loan based on temp company workers as part of FTE’s and payroll cost. Our attorneys advised us temp workers count but now some law firms say they do not.
Jamie Lockett
59:45
What about companies that have a PEO relationship
Robert D'Anis
01:01:57
when do these reports need to be given to lender?
Jamie Lockett
01:02:34
Are payroll provider expenses eligible for forgiveness?
Jeff Yablonovitz
01:09:47
How do voluntary quits or fired for cause employees affect this calculation?
Daniel Valdez
01:14:09
FUTA is an allowed cost? Any reference for this cost?
Maria DEL CAMPO
01:14:16
Does the annual wages of $100,000 cap does it include commissions or just straight salary?
Robert Ward
01:18:13
What if we were behind on commissions and paid 2019 commissions in covered period?
Jamie Lockett
01:20:05
Do commissions count towards the salary cap?
Emily Vincent
01:20:41
Retirement benefits? 401k Match and Pension contributions?
Robert D'Anis
01:21:02
what about self employed indiv who don't draw paycheck, but "dipsticks" their income
Greg Kunert
01:21:44
Are employees' share of payroll taxes (amounts deducted from gross pay) included in the total payroll cost for purposes of forgiveness?
Martha E. Murillo
01:22:28
Is the $15,385 cap PER employee or overall?
fartuna Kunyare
01:22:50
Can the payroll cost go over 75%? How about if we spend 100% of loan on payroll?
Mariesa Banuelos
01:23:01
What about Shareholder distributions?
Sandra Macat
01:24:44
Will you have information specifically for Schedule C Sole Practitioners?
Lily Ward
01:25:42
What about if employee is on disability?
Emily Vincent
01:25:53
Is there any concern that the pension contribution made in the 56 day forgiveness period is treated as non-deductible contribution and subject to 10% excise tax (Section 4972)?
BOB CALICCHIA
01:29:44
Are the PPP funds considered income? Loan? Has there been a ruling on this?
Greg Kunert
01:29:48
Are required worker comp ins payments includable as payroll costs?
Nicholas Masinick
01:33:47
Thank you so much!
Andrew Freeman
01:33:52
Thank you for the presentation!
Gary Engler
01:33:52
Thank you!
Mary Paseta
01:33:57
Thank you very much, very informative!
Maria DEL CAMPO
01:34:04
Thank you!
Greg Kunert
01:34:04
Thank you. Very helpful.
Pauline Lai
01:34:09
Thank you
MARTHA APARICIO
01:34:16
Yes, thank you for the info.
Aurora Marsh
01:34:16
Thank you!