Content Provider
Gassman crotty den
Handout Materials
Presentation Slides
Cpe webinars
SBA’s PPP Oct. 2nd Notice: Important Tax, Estate & Transactional Planning Issues


Cost $10.00
Presentation Length 1.0 hour

Recorded DateOctober 9, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaFinance
Course LevelBasic
Course Description

A new SBA PPP notice provides information about the required procedures for changes in ownership of an entity that has received Paycheck Protection Program (PPP) funds. The notice outlines when permission or escrow arrangements will be required to allow borrowers to have changes in ownership or transfers of assets without being in breach of PPP loan rules. Together we will explore the notice and its implications.

Learning Objectives:

  • Describe what the Notice says and how it works

  • Identify when transfers and sales will not require SBA notice or lender approval

  • Identify when transfers and sales will require Lender notice and escrow, but no SBA approval

  • Determine what to do when the borrower does not have sufficient funds for escrow

  • Describe tax planning with entity ownership transfers, and alternative strategies

  • Recall income tax planning ideas for the question of whether and when expenses incurred for PPP loans that are expected to be deductible will occur

Not logged
Gassman crotty den

Alan S. Gassman, J.D., LL.M., is a board-certified estate planning and trust lawyer who practices in Clearwater, Florida. He has an LL.M. in taxation from the University of Florida and practices in trust and estate planning, tax, wealth preservation, and the representation of physicians and medical practices.

Mr. Gassman speaks at many tax conferences, national programs, and webinar platforms, including Bloomberg BNA Tax and Accounting and the Notre Dame Tax and Estate Planning Institute

Gassman crotty den

Brandon Ketron is an associate at the law firm of Gassman, Crotty, and Denicola, P.A. and practices in the areas of Estate Planning, Tax, and Corporate and Business Law. Brandon graduated from the University of Florida in May of 2016, where he received his LLM in Taxation. He received his JD from Stetson University College of Law and graduated cum laude. Brandon received his undergraduate degree from Roanoke College, where he graduated cum laude with a Business Administration degree and concentrations in accounting and finance. Brandon is licensed to practice law in Florida and is a licensed CPA in Florida and Virginia.

Clvalue logo

Kevin is the managing member partner of C&L Value Advisors, LLC. His primary focus in the firm is working with business owner clients, providing comprehensive accounting, tax preparation and planning, and advisory services. Kevin has presented over 200 programs to individuals and business owners on topics including tax planning, estate and retirement planning, business development, and more.

About Our Presenter

Gassman crotty den

Our firm was formed in 1987 with one lawyer and a shared secretary and receptionist to provide representation to professionals, business owners and retirees in their estate and related tax and personal planning, business and corporate needs.

Since then we have grown to 6 lawyers and over 20 staff, which we have found over the past two decades to be the best size for us. We are very proud of our team, our systems, and our dedication to providing the best and most appropriate legal services for all clients, whether big or small. Our lawyers meet together almost every morning to discuss and work together on cases, strategies and practice improvement projects in order to work the most efficiently and effectively for our clients. We like what we do and enjoy working together.