In this video, FAS’ co-owner, Cristy Fontanilla, discusses facts that you need to know about the PPP Loan Forgiveness and the updates after the PPP Flexibility Act was signed.
0:49 What is the Paycheck Protection Program?
1:31 Criteria for Loan Forgiveness (original criteria before PPP Flexibility Act was Signed)
4:40 How PPP Payroll Cost can impact your non-payroll costs (Demo Calculation)
7:30 What are the eligible payroll costs PPP Forgiveness?
9:35 What is the Covered Period? (original guidelines before PPP Flexibility Act was Signed)
12:03 What is the Reference Period?
13:30 What are the Safe Harbor guidelines?
14:50 The Loan Forgiveness Process
16:33 Supporting Documents for Payroll Cost
17:08 Supporting Documents for FTE
17: 27 What are the eligible nonpayroll costs PPP Forgiveness?
18:18 Supporting Documents for Non-Payroll Cost
18:34 Certifications on Loan forgiveness Application Form
19:58 June 5th Updates – PPP Flexibility Act Changes
