Many of the 1.6 million applicants who received (or will receive) PPP funding are now focused on the loan forgiveness provisions. The bank has done their part to get you your money, so now it’s time to strategize around maximizing the benefits of the program, which include all or a portion of the loan being forgiven and the forgiveness being exempt from federal taxes. DHG provides the guidance and assistance with loan forgiveness strategy and calculations.
DHG has created a loan forgiveness calculation model that can be adapted to your needs to focus on a strategy for maximizing forgiveness and the related tax benefits. We can help you:
At DHG, we want to be part of your solution. Please reach out to one of your DHG team members or email our SBA and Coronavirus Legislation Task Force with questions or if you need assistance.
Denny Ard returns to discuss the latest SBA Interim Final Rule for the Payroll Protection Program that covers owner-employee compensation and loan forgiveness eligibility of rental space and rent payments.
Join Troy Taylor as he discusses how companies can find additional liquidity with the Employee Retention Credit (ERC) and who is eligible for this tax incentive.
Join Brian Steen, a principal in our valuation practice, as he summarizes considerations for management to meet the valuation requirements of a goodwill impairment test, both qualitatively and quantitatively.
Join Gareth Montague-Smith as he discusses goodwill impairment, the possibility entities experiencing multiple triggering events as a result of COVID-19 and the importance of discussions with your external auditors during this time.
In this week's update, Denny Ard covers the latest updates to the PPP program, including the extension of the application deadline to August 8 and the release of IFR21 and 21 which address some of the changes that arose from the release of the revised application and EZ form.
There's no doubt that COVID 19 has had and will continue to have a significant impact on the global economy. While it is anyone’s guess as to the depth and duration of that impact, it's important to remember that every situation is unique; the impact on companies and their assets' values will vary depending on industry, geographic location, and strategic response. Join Tanner Shaw as he discusses the impact that COVID-19 has had on financial reporting valuations.
In this week's episode, Denny Ard walks through the recently released revised loan forgiveness application, the new EZ loan forgiveness application form and IFR 19.
When conserving cash flow is paramount, lease concessions can help provide some temporary relief. In this podcast episode, Rob Cherry walks through the financial reporting considerations when you are determining whether or not to request a lease concession.
Join Denny Ard as he discusses the clarifications included in the SBA and Treasury joint statement issued this past Monday after the PPP Flexibility Act was passed into law the previous Friday.
Join Scott Spohn as he discusses how to create strategic and systemized approaches to social connection to help your organization emerge strong in the COVID-19 environment.
Denny Ard dives into the details of a significant update this week for the PPP. The Payroll Protection Program Flexibility Act of 2020 just recently passed the house and senate. The bill will need to be signed by President Trump in order to become enacted.
During this week's segment on the PPP loans, Denny walks through the two most recently release IFRs 14 and 15 that provide more insight around the loan forgiveness application, process, timeline and clarity around the costs that are included in the forgiveness calculation.
Now that the safe harbor date has passed, Denny Ard distills down the recently issued SBA loan forgiveness application provisions and much needed guidance for PPP borrowers.
Join Denny Ard as he discusses the latest SBA FAQ guidance on good faith certifications and the extension of the PPP certification safe harbor repayment date to May 18, 2020.
Denny Ard, Managing Partner of the DHG Solutions Lab, provides an overview of the SBA's focus on issuing guidance on PPP loan forgiveness and insight into other guidance and questions that are top of mind for participants.
Denny Ard, Managing Partner of the DHG Solutions Lab, provides an overview of the SBA PPP loan process and current considerations given updates in the guidance and questions that are top of mind for participants.