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The Payroll Protection Program (PPP) provided a lifeline for millions of small businesses during the economic turmoil brought on by the novel Coronavirus. However, as the period through which the funds must be spent on eligible expenses winds to a close, borrowers are shifting focus to the forgiveness application process, documentation requirements, and timing considerations. With the expectation of continued guidance from Congress and the Small Business Administration, it’s essential to strategize and adequately prepare before submitting your application to the lender.
Join Corinna Creedon, Managing Director at BKD CPAs & Advisors and head of its NY Office CARES Taskforce, to hear the latest updates on PPP. We will discuss what we see as early adopters go through the forgiveness application process and top considerations your finance team should be aware of.
Learning Objectives:
- List the main provisions of the PPP
- Identify the latest updates to the PPP Forgiveness process
- List what timing and documentation considerations should be made before submitting the Forgiveness application
- Recognize how an Agreed-Upon Procedures report benefits specific PPP borrowers
Corinna Creedon
BKD
Managing Director | New York Office Advisory Services Practice Leader
ccreedon@bkd.com
Corinna Creedon is a hands-on executive-level finance professional with a proven track record in the accounting field across many industries. She brings to the table a broad-based background in external and internal reporting. She has proven ability as an outsourced and interim CFO with experience in oversight of accounting staff, preparation of annual, quarterly financials and other reporting for use by the C-suite, reporting to the Board of Directors, as well as advising clients on strategic decisions such as seeking outside investments and running the resulting due diligence efforts. This work is in addition to valuable Sarbanes Oxley and compliance experience. She also has valuable productivity, process, and infrastructure improvement skills. She has served as PMO for various multi-national and cross-departmental projects. Further, her research skills have allowed her to author many whitepapers on various topics for clients.
About Our Presenter