In the November 5 Town Hall series, host Erik Asgeirsson, President & CEO, CPA.com reviews the best available information from key PPP stakeholders. Barry Melancon, CPA, CGMA, President & CEO addresses the post-election outlook including:
Lame duck session
Timing for PPP2
Tax deductibility of PPP expenses
Lisa Simpson, CPA, CGMA Director – Firm Services reviews the released Forms 3509 and 3510 including
Gross revenue comparison between Q2 2020 and Q2 2019
Cash and equivalents prior to loan application
Compensation > $250K to owners or employees (annualized)
Mark Peterson, EVP- Advocacy, shares his thoughts on the election results and what it means to the House and the Senate.