Effects of PPP Loan Forgiveness on A/E Firms Overhead Rates
Join us for this 1-hour webinar in which instructor Dan Purvine will discuss the current state of interpretation of the effects of PPP loan forgiveness on A/E firm allowable costs and overhead rates. If your firm has received a PPP loan, the potential impact of loan forgiveness on your allowable costs for 2020 could be dramatic, so don’t miss this webinar. Dan will discuss the underlying FAR requirements, relevant positions taken by federal agencies, and the current state of industry efforts to secure more favorable treatment for A/E firms working on contracts with government agencies. Accounting treatment under FAR Part 31 for loan proceeds used to pay labor and non-labor costs will be a primary topic of discussion, and examples will be provided in the course materials.
Participants in this webinar (live or recorded versions) will receive a free registration to the update webinar to be held on September 30, 2020. The update webinar will provide a critical “state of the industry” update on this important topic, to ensure that participants have the most updated information possible going into the final quarter of the year.
Who Will Benefit: Firms that have received a PPP loan
CPE Credits: 1
- Lectures 4
- Quizzes 1
- Skill level All levels
- Language English
- Students 89
- Certificate Yes
- Assessments Yes