PPP, EIDL & ERC - Arizona Business Know How
PPP, EIDL & ERC
January 28, 2021
CariAnn J. Todd, CPA Tom Fulcher
Disclaimer
This presentation is based on relevant government guidance available as of January 27, 2021. Detailed transition guidance is not yet available for companies eligible for ERC who have already filed for or received forgiveness. We anticipate additional guidance from the IRS/SBA in the coming weeks. This presentation includes our best interpretation of the guidance available today.
The information provided here today is high level. Consult with your CPA for more detailed information on claiming the ERC.
PPP Loan Forgiveness
What's Next?
Math. Lots of math.
Changes to Loan Forgiveness
? The Consolidated Appropriations Act, 2021 (CAA) included a few changes to the loan forgiveness rules.
? On January 19, 2021 the SBA released revised loan forgiveness applications that incorporate the changes.
? Forms can be found here:
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