The New SBA Paycheck Protection Program Direct Forgiveness Portal

$195.00

CLE credits earned: 1.5 General Credits, 0.5 Ethics Credit (WA 1.5 Law and Legal, 0.5 Ethics), (MN 2.0 General Credits)

This course will cover the forgiveness process for both First Draw and Second Draw PPP loans, including all the latest SBA guidance, and will be primarily question-and-answer based to address specific issues that participants are experiencing during the forgiveness process. We will also cover coordination between the various stimulus programs, particularly the anti-double-dipping rules. participants should have a copy of and be familiar with the SBA guidance which can be found here and here.

Participants should also have a copy of and be familiar with the three applications for forgiveness, which can be found here, here, and here. Participants should also be familiar with the new SBA forgiveness portal here. The course will focus on Q&A of specific scenarios more than a detailed review of the forms and existing guidance.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

•  PPP loan forgiveness generally, and specifically through the new PPP portal directly with the SBA.

Date / Time: August 13, 2021

•   12:00 pm – 2:10 pm Eastern
•   11:00 am – 1:10 pm Central
•   10:00 am – 12:10 pm Mountain
•   9:00 am – 11:10 am Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.

•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 business days after the original recording date and are viewable for up to one year.

Closed-captioning available

Select your state to see if this class is approved for CLE credit.

Choose the format you want.

Clear

Original Broadcast Date: August 13, 2021

J. Kirk McGill, Godfrey_Johnson P.C_myLawCLEJ. Kirk McGill, Godfrey | Johnson, P.C

J.Kirk McGill is an attorney with the firm of Godfrey | Johnson, P.C. in Englewood, Colorado (www.gojolaw.com). Mr. McGill is an appellate specialist with significant interest in constitutional (including administrative) law with a deep knowledge of the stimulus programs spawned by the CARES Act. A Colorado Certified Public Accountant and former Federal Auditor, Mr. McGill brings extensive knowledge of the intricacies of Federal financial programs to bear on complex questions of Federal fiscal law and its impact on practitioners and their clients seeking to take advantage of government programs while ensuring proper compliance with the governing rule and law. Mr. McGill can be reached on these issues at GoJoCaresActQuestions@gmail.com

 
 
 

Accreditation Policy

myLawCLE seeks accreditation for all programs in all states except, ME, VA, and WV. Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

    Automatic MCLE Approvals

All myLawCLE CLE programs are accredited automatically either directly or via reciprocity in the following states: AK, AR, CA, CT, FL, HI, ME, MO, MT, ND, NM, NJ, NY and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)

    Live Video Broadcasts

Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except NV, OH, MS, IN, UT, PA, GA, and LA —these states require in-person attendance to qualify for “Live” CLE credit.

    “Live” Re-Broadcasts

“Live” Re-broadcasts are replays of previously recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NV, OH, MS, IN, UT, PA, GA, and LA]

Reciprocity

Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, HI, CT, FL, ME, MO, MT, ND, NM, NJ, and NY. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

I. General overview of forgiveness rules applicable to all PPP loans | 12:00pm – 12:20pm
II. Discussion of the differences between First Draw and Second Draw loans and the accompanying forgiveness rules | 12:20pm – 12:40pm
III. Overview of Loan forgiveness process, including review of the three different forgiveness forms based on the size of the loan, and the new portal for loans of $150k or less | 12:40pm – 1:00pm

Break | 1:00pm – 1:10pm

IV. Appeals of negative determinations by the bank and/or the SBA | 1:10pm – 1:20pm
V. Document retention requirements and anticipated audit procedures | 1:20pm – 1:25pm
VI. Ethical issues related to assisting clients with PPP and other stimulus programs, and ethical issues related to a law firm directly participating in the PPP and other stimulus programs | 1:25pm – 1:55pm
VII. Extensive Q&A of specific issues raised by the participants—come with lots of questions | 1:55pm – 2:10pm