UP TO THE MINUTE UPDATES INCLUDED: You get to choose – whether you keep all of the Payroll Protection Program (PPP) funds you received from the Small Business Administration (SBA) to help you through the COVID-19 shutdown, or are required to return all or a portion of the money back to the government. PPP Loan Compliance.
Although it seems like a no brainer, hanging on to your PPP funds may be easier said than done. If you fail to take specific action and comply with PPP loan complexities to the letter, you can be FORCED to repay the money as a loan (plus interest) – instead of being allowed to keep it as a non-repayable-grant.
This is where healthcare attorneys, Daphne L. Kackloudis, Esq. and Ashley B. Watson, Esq., can help you and your staff meet the program’s latest requirements.
During their 60-minute online training Daphne and Ashley will cut through conflicting PPP rules and tell you how to get maximum the amount of your loan forgiveness.
Here are just a few of the PPP loan compliance questions you’ll get answered by attending this expert-led 60-minute online training:
- How can you use allocation spending limits and retain 100% of your funding?
- Can part-time employees be compensated with PPP funds?
- Can you get into trouble for using PPP funds to pay employees for not working?
- Can you calculate health insurance payments into PPP allocations?
- Can paid-time-off be monetized and included as an expense?
- How can recordkeeping help you avoid costly audit outcomes?
- When does your eight week reporting deadline begin?
- What non-payroll expenses are you allowed to pay with your PPP loan?
- What if employees refuse to come back to work, can you still keep the money?
- Can you pay 1099 employees with these SBA funds?
- Is any special documentation or planning required for optimal loan forgiveness?
- Where can you find the most recent PPP rules and forgiveness request form?
- How long must you retain your PPP records to avoid future audit penalties?
- How can current pending litigation affect the volume of your loan forgiveness?
- What’s the best way to classify employees to satisfy PPP requirements?
- How should you calculate payroll when an employee’s health and employment status changes?
- What is the best way to correct an error you discovered on your initial SBA application?
- And so much more…
Who Should Attend this Online Training?
Everyone involved in payroll, banking relationships or employee management will benefit from this upcoming online training. This healthcare-attorney-led training will provide actionable strategies to both medical and dental practices regardless of their specialty, size or location.
Unfortunately, PPP loan rules are confusing and full of conflicting information. Even so, your bank will require you to strictly adhere to these rules OR return all or a portion of the much-needed funding you’ve received. This online training will walk you through how to decode the complexities of PPP loan compliance so you can avoid an audit and keep MORE of the PPP funds you’ve received.
Bottom line, by attending this online training, you’ll learn how to better comply with SBA PPP rules, keep MORE of funding you received, and better survive the challenges of the COVID-19 pandemic. Registration for this training will be limited to ensure you and other attendees have the time to get their specific PPP compliance questions answer. PPP Loan Compliance.
Don’t wait, sign up today. PPP Loan Compliance.
Daphne heads the BMD Columbus office’s health care practice. One of her areas of practice is the nexus between traditional health care legal services and health care public policy. Daphne regularly advises health care clients, including providers and provider trade associations, regarding business and practice strategies impacted by federal and state health care reform initiatives, as well as service delivery and payment reform. She also advises clients regarding reimbursement, policy, and coverage matters. Additionally, Daphne has in-depth knowledge of Medicaid, behavioral health, and child welfare policy.
Prior to joining Brennan, Manna & Diamond, Daphne served as Senior Advisor for a health care consulting company; held policy positions in the Ohio Department of Medicaid, including leading Ohio Medicaid’s interaction with the Centers for Medicare & Medicaid Services and overseeing various components of Ohio Medicaid policy. She also served as director of state and local government relations for Nationwide Children’s Hospital in Columbus, OH. Daphne graduated cum laude from Capital University Law School and Indiana University, and is licensed to practice law in Ohio.
Ashley is an associate in BMD’s Columbus office whose practice focuses primarily on Healthcare and Hospital law. Ashley graduated from The Ohio State University Moritz College of Law in 2017 and also has her Master’s in Art History and Museum Studies from Case Western Reserve University.
Good information with the limited and ever changing data that's out there.
Issues were explained well.
The webinar was very useful and will be shared with our entire financial staff.