Insights for the AGC of VA:
PPP Loan Forgiveness & Tax Planning for 2021

A lot has happened in 2020. While we haven’t had a lot of legislation in the last few months, we’ve had a lot of guidance come out from the IRS and the SBA, particularly surrounding PPP funds. So where are we?

During this webinar, PBMares’ partners Jennifer French and Maura Lange covered PPP Forgiveness Items for Associated General Contractors of Virginia, including:

  • Loan forgiveness application
  • How will taxability of forgiveness affect you?
  • Debt or Revenue – Which is correct for GAAP?
  • FAQs on FTEs
  • Tax Planning for 2020 and 2021
  • Legislative update

Click on the video below to view this webcast. You can also download a copy of the slides below the video image.

DOWNLOAD SLIDEDECK PDF OF THIS WEBINAR

Please also visit our COVID-19 Resource Center often for regular updates on news and information related to the pandemic and how it affects your business.

This webcast and slidedeck contains general information, may be based on authorities that are subject to change, and are not a substitute for professional advice or service. Information related to COVID-19 is accurate as of the live date of this webinar.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is new legislation, and constantly in flux.  It contains complexities that cannot be resolved with certainty until regulations are issued and/or courts issue opinions.  While we will advise you about these issues using our professional judgment and knowledge, we cannot guarantee that positions taken on CARES Act matters, including the Paycheck Protection Program (PPP) will be sustained. 

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