Werner & Co. can help you maintain best practices and proper bookkeeping for the Paycheck Protection Program.

Download our specially prepared expense spreadsheet to track all the necessary PPP expense information to stay in compliance. (See 5-18-20 for updated post.)

Learn how to apply for loan forgiveness as well as the specific record keeping practices that will determine how businesses qualify for forgiveness of their loan. Save your spot. Register now.

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

Register in advance for your choice of webinar presentation 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
April 20, 2020 Monday 1:30 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tJYrce6trD4rHtwrhLQxsjeHAvzl6wKzNFTg
After registering, you will receive a confirmation email with instructions to join this meeting.

PPP Loan Forgiveness Best Practices
April 20, 2020 Monday 4:00 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tJAlfuitrjMiHdB-MtWFUoTIQd3Hb6_Vx66L
After registering, you will receive a confirmation email with instructions to join this meeting.

PPP Loan Forgiveness Best Practices
April 21, 2020 Tuesday 9:00 AM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tJ0vceupqTwrHdycCquPmhg0bbHI0_j8twLx
After registering, you will receive a confirmation email with instructions to join this meeting.

PPP Loan Forgiveness Best Practices
April 21, 2020 Tuesday 4:00 PM Eastern Time (US and Canada)
https://zoom.us/meeting/register/tJwpcO-grjsvH9aKT90iSGYGwzGgg2rTzgR8
After registering, you will receive a confirmation email with instructions to join this meeting.

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