Part 1: 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.
This is Part 1 of a two-part series. After completing this webinar, we recommend purchasing the Part 2 Update Webinar.
Who Will Benefit: Firms that have received a PPP loan
CPE Credits: 1
- Lectures 4
- Quizzes 1
- Skill level All levels
- Language English
- Students 129
- Certificate Yes
- Assessments Self