Withum’s SBA Financial Assistance Services Team held a webinar on November 20, 2020 discussing the latest developments with the SBA Loan Forgiveness Application submissions.
- Detailed discussion of which PPP Loan Forgiveness Application Forms are appropriate to use:
- Form 3508
- Form 3508 EZ
- Form 3508 S
- Common preparation pitfalls and tips in using third party payroll reports
- The newly issued and controversial “Loan Necessity Questionnaires” – Forms 3509 (For-Profit Borrowers) and 3510 (Non-Profit Borrowers)
- Tax and US GAAP treatment of PPP loans