Stephen has 25 years of experience in public accounting. He’s the Director in Charge of Blue’s Cincinnati office and has been a frequent speaker on PPP since March of 2020. Mr. Mann utilizes his expertise in connection with succession planning, estate planning and litigation support. He has performed more than 100 valuations related to the Healthcare industry.
Keep All Your PPP Money with New Loan Forgiveness Rules
URGENT NOTICE: Unless you immediately change how you were reporting your Payroll Protection Program forgiveness, you won’t be able to hold onto all your money.
The Small Business Administration (SBA) changed the application requirements for PPP loans. Not only have they overridden previous IRS tax allowances, but they have also added new eligible expenses. These opportunities can make the difference in whether you get your loan fully forgiven but the rules are really confusing.
Fortunately, help is available! PPP Forgiveness 2021 Changes.
This is where healthcare certified accounting experts, Stephen Mann, CPA, and Derek Gray, CPA, can help.
During their upcoming online training session on Wednesday, February 10th at 3 pm ET, Stephen and Derek will provide you with step-by-step guidance on how you can maximize your loan forgiveness by reporting allowed expenses, applying tax breaks, and more so you hold onto all your money.
Here are just a few of the 100% PPP loan forgiveness questions you’ll get answered in this 60-minute online training:
- What is the best way to track your PPP funds?
- How have forgiveness requirements changed for round 1 borrowers?
- What documentation do you need to retain?
- How do you maximize the forgiveness of your first and second PPP loans?
- What are the tax changes and implications for second round borrowers?
- How can you increase the amount of your first loan and keep the extra money?
- What can you expect in the SBA review process?
- How can you identify allowed expenses for each round?
- Can you deduct your loan forgiveness expenses on your taxes this year?
- How will PPP second loans be calculated?
- What can you do to secure 100% forgiveness for your practice in the second round?
- And much more!
Who should attend? Whether you got a loan under round 1 or will receive round 2 funding, this session is a must-attend. It will give you EXACTLY what you need to apply – every allowed deduction and application reporting allowance – so you can keep 100% of your PPP loans interest-free. PPP Forgiveness 2021 Changes.
Warning: The SBA is scrutinizing every expense you report and is just waiting to hit your loan with interest and penalties! You can’t afford to let that happen.
Your practice is relying on you to apply accounting strategies that get you full PPP loan forgiveness. By attending this session, CPAs Stephen Mann and Derek Gray will help you accurately report each of your allowed expenses. You’ll maximize the amount of money you received and be able to keep all your PPP loan money.
Don’t wait another minute, sign up for this online training session today!
Meet Your Experts
Derek has two decades of public accounting experience as a tax consultant. Mr. Gary is the Tax Practice Leader for Blue & Co., LLC and frequent speaker on new tax legislation. He serves as the firm-wide Director of Taxation and as the serves on the firm’s Tax Committee, Tax Quality Control Committee, and Tax Training Committee.
Mr. Gray graduated from the University of Louisville with Honors, receiving a Bachelor of Science degree with concentrations in Accounting and Finance. He is a member of the American Institute of CPAs and Kentucky Society of CPAs. Derek is a frequent speaker at the Kentucky Society of CPAs and other institutions on topics such as IRC Sec. 704 and tax reform.