Some have compared the design and execution of the Paycheck Protection Program to flying an airplane while trying to build it. As analogies go, it works.   

It’s probably also an accurate description of the stress levels someone running or advising a business may be experiencing as they seek this funding, manage tax issues related to funding received, or maximize the amount of the loan that can be forgiven.  

Join Withum experts Dan Mayo and Jeffrey Clayman for this 90-minute session in which they will cover the latest guidance related to loan forgiveness and the tax aspects of PPP loans that have already been issued.

• The receipt of a PPP loan


• Loan forgiveness


• Estimated tax payments


• Filing of tax returns


• Receipt of tax-free income by partners and self-employed individuals

• Advise clients with respect to the loan forgiveness process


• Identify the tax implications of receiving a PPP loan


• Analyze the factors that affect the percentage of the loan that can be forgiven


• Describe the impact of a PPP loan on estimated tax payment obligations


• Know the issues related to PPP loans and tax return filing


• Identify factors related to receipt of tax-free income by partners and self-employed individuals