Some have compared the design and execution of the Paycheck Protection Program to flying an airplane while trying to build it. As analogies go, it works.
It’s probably also an accurate description of the stress levels someone running or advising a business may be experiencing as they seek this funding, manage tax issues related to funding received, or maximize the amount of the loan that can be forgiven.
Join Withum experts Dan Mayo and Jeffrey Clayman for this 90-minute session in which they will cover the latest guidance related to loan forgiveness and the tax aspects of PPP loans that have already been issued.
Daniel has more than 20 years of professional tax experience and experience in federal, international, and financial products taxation. He is a member of Withum’s National Tax Services Group and oversees the U.S. Federal income tax research, planning, and review functions. He is experienced in mergers and acquisitions, capital markets, and cross-border transactions.
Jeffrey has over 18 years of public accounting experience with a focus on for-profit businesses in many different industries. He brings expertise in federal reporting and compliance for c-corporations, s-corporations, partnerships and limited liability companies. Jeffrey is highly experienced in analyzing all types of transactional documents, purchase and sale agreements, debt instruments, corporate documents and partnership agreements.