Many have received funds from the Paycheck Protection Program, but what do you need to do to make sure your funds are forgivable? To help answer this question, Cory Parnell, CPA and Chief Executive Officer at MGI North America member-firm Boeckermann Grafstrom & Mayer (BGM), has put together a presentation titled “How Much of Your Paycheck Protection Program Loan Will be Forgiven?”. This presentation will answer questions such as:
- What are the initial steps to take when you receive your PPP loan?
- What costs are forgivable?
- Is the amount of the PPP loan that was forgiven taxable income?
- How to calculate your maximum forgiveness?
- Who determines the forgiveness?
About Boeckermann Grafstrom & Mayer
Founded in 1982, BGM is a firm of entrepreneurial and proactive CPAs and Advisors. We understand and appreciate the entrepreneurial spirit that can exist inside any business because it exists inside our own. We anticipate needs, generate ideas, provide insight, and identify opportunities. Through our auditing, accounting, tax, and advisory services, we’ll work with you to create innovative solutions to help grow your business, achieve your goals, and realize your passion. BGM has offices located throughout Minnesota in Bloomington, St. Paul, and Sauk Centre, as well as Naples, Florida.