Here is the updated Powerpoint file for you to download and follow the Paycheck Protection Program presentation.

(An updated version of this Powerpoint file is downloadable at 5-18-20 Downloadable PPP Powerpoint presentation UPDATED.)

Our important new webinar series will be discussing how to apply for loan forgiveness and the specific record keeping practices that will determine how businesses qualify for forgiveness of their loan. Register now.

In this fast-moving scenario you can count on the professionals at Werner & Co. CPAs to keep you up to date through these Zoom meeting presentations.

Register in advance for your choice of time slot by clicking that link. After registering, you will receive a confirmation email with further instructions to join that meeting.

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PPP Loan Forgiveness Best Practices – Slot B
April 16, 2020 Thursday 1:30 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tJEkdOyprTopH9cdPgo0MLnABmAqV7GCfjAa
After registering, you will receive a confirmation email with instructions to join this meeting.

PPP Loan Forgiveness Best Practices – Slot C
April 16, 2020 Thursday 3:30 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tJUrd-2uqDstGtGwAX7uQKlPcxFh4lX7Dshj
After registering, you will receive a confirmation email with instructions to join this meeting.

PPP Loan Forgiveness Best Practices – Slot D
April 17, 2020 Friday 2:00 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tJcsd-urpjIsHNTAk1uZJOXA4cgSicwLL3n4
After registering, you will receive a confirmation email with instructions to join this meeting.

Werner & Co. CPAs is ready to help you understand and comply with requirements.

The Paycheck Protection Program (PPP) was signed into law by President Trump on March 27, 2020 as part of the CARES Act. It is a very valuable program, but it has strict rules to follow in order to obtain the benefit.

Businesses (under 500 employees) that borrow funds under this program can have up to 100% of their loans forgiven, subject to meeting certain guidelines contained in the CARES Act. In order to achieve loan forgiveness, a business must:

• Use of the loan proceeds for forgivable purposes during the 8-week period from when the loan is made.
• Maintaining employment levels and salary and wage levels during the 8-week covered period.

After the eight weeks are over, borrowers will submit a loan forgiveness application to their lenders. This application must include documentation that complies with the requirements for forgiveness under Section 1106 of the CARES Act.

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Werner & Co. CPAs stands ready to assist you in meeting your compliance requirements for loan forgiveness.

Compliance & Advisory Services offered:

• Review the categories of allowable costs.
• Review your average FTEs calculation and salary/wage levels for the covered period.
• Assist you in evaluating the timing to re-hire employees and restoring wage levels by the June 30, 2020 deadline.
• Substantiate expenses in the allowable costs and review supporting documentation.
• Provide worksheet to assist you in monitoring your loan spend.
• Provide a report that calculates all allowable costs and compliance for loan forgiveness.
• Review your loan forgiveness application.

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Use the full range of experience and capability of Werner & Co. CPAs to help you get through this complex financial situation. And stay safe, too,
Kristofer M DePaolo, CPA |  CEO

Economic Impact Payment program funds (stimulus payments) are soon to be released.

Payments will start being deposited this week.

• If you filed your 2019 federal income tax return the IRS will use your adjusted gross income (AGI) to determine your amount.
• If you have NOT filed a tax return for 2018 or 2019 because your income was below the filing thresholds ($12,200 single and $24,400 for joint filers), click this link https://www.freefilefillableforms.com/#/fd/EconomicImpactPayment and complete the free online form.
• Completion of the form will allow the IRS to identify you, your dependents, your address and your bank account details for direct deposit. 
• If you receive social security, you do NOT need to do anything more.  The IRS will use your bank account information on file and send you an Economic Impact Payment.    

“Get My Payment”

Coming soon: the Get My Payment application. This will allow all taxpayers to check payment status, confirm bank details on file with the IRS, and enter bank account information for direct deposit. We will post a link here to Get My Payment as soon as it is released. 

You can continue to count on Werner & Co. to keep you up to date. Stay safe,
Kristofer M DePaolo, CPA |  CEO

Save your place in the next series of our valuable and popular CARES Act webinars. Register now.

These webinars are very helpful. They are important and instructive, imparting necessary explanations of the CARES Act, the Paycheck Protection Program, all of the tax and financing programs and requirements. You need this vital information in this fast-moving scenario.

Count on the professionals at Werner & Co. CPAs to keep you up to date through these Zoom meeting presentations.

Register in advance for your choice of time slot by clicking that link. After registering, you will receive a confirmation email with further instructions to join that meeting.

SBA CARES Act — Slot A
April 13, 2020 3:00 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tZModuyrrTwq6F2H_NgJvdTK8z7_TB7Neg
After registering, you will receive a confirmation email containing information about joining this Zoom meeting.

SBA CARES Act — Slot B
April 14, 2020 9:00 AM Eastern Time (US and Canada)
https://zoom.us/meeting/register/uJIrde-hrDkqNUtUlqmG9KCUByK9nX6MnA
After registering, you will receive a confirmation email containing information about joining this Zoom meeting.

SBA CARES Act — Slot C
April 14, 2020 11:00 AM Eastern Time (US and Canada)
https://zoom.us/meeting/register/upMrf-ChpjooFz96fztbGtC-2q05NFWrmg
After registering, you will receive a confirmation email containing information about joining this Zoom meeting.

SBA CARES Act — Slot D
April 14, 2020 3:00 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/uZUodO2grzMqXjtIDBMKEA23Nahe9gE2Ww
After registering, you will receive a confirmation email containing information about joining this Zoom meeting.