{"id":9780,"date":"2020-07-20T11:55:28","date_gmt":"2020-07-20T18:55:28","guid":{"rendered":"http:\/\/evergreensmallbusiness.com\/?page_id=9780"},"modified":"2020-10-17T05:54:32","modified_gmt":"2020-10-17T12:54:32","slug":"maximizing-ppp-loan-forgiveness","status":"publish","type":"page","link":"https:\/\/evergreensmallbusiness.com\/ebooks\/maximizing-ppp-loan-forgiveness\/","title":{"rendered":"Maximizing PPP Loan Forgiveness"},"content":{"rendered":"<p><a href=\"http:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2020\/07\/PPP-Forgiveness-Thumb.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9781 size-full\" src=\"http:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2020\/07\/PPP-Forgiveness-Thumb.png\" alt=\"maximizing PPP loan forgiveness thumbnail image\" width=\"200\" height=\"258\" \/><\/a><\/p>\n<p>Nearly five million small businesses received a PPP loan, including many of your clients.<\/p>\n<p>Over the next few weeks, each will apply for forgiveness through a process that resembles a combination of an IRS correspondence audit and a couple of afternoons in an algebra class.<\/p>\n<p>If you&#8217;re ready to help? Great! But if you aren&#8217;t there yet, get up to speed quick and stay up to speed with our &#8220;<em><strong>Maximizing PPP Loan Forgiveness<\/strong><\/em>&#8221; e-book ($100, 130 pages, up-dated October 13, 2020):<\/p>\n<form action=\"https:\/\/www.e-junkie.com\/ecom\/gb.php?c=cart&amp;ejc=2&amp;cl=23704&amp;i=MAXPPP\" method=\"post\"><button type=\"submit\">Purchase and Download<\/button><\/form>\n<p><a title=\"View Cart\" href=\"https:\/\/www.e-junkie.com\/ecom\/gb.php?c=cart&amp;cl=23704&amp;ejc=2\">View Cart<\/a><\/p>\n<h2>Money Back Guarantee<\/h2>\n<p><em><strong>&#8220;Maximizing PPP Loan Forgiveness&#8221;<\/strong><\/em> should save you hours of time learning, help you to avoid costly mistakes, and let you jack up the value you deliver clients.<\/p>\n<p>The e-book also includes an appendix accountants, attorneys and bankers can turn into a paper or pdf resource they freely distribute to clients and customers.<\/p>\n<p>However, if the e-book doesn&#8217;t deliver the value you expected or needed? Just email us, and ask for a refund. No questions asked. No problems.<\/p>\n<h2>Update-t0-date as of October 13, 2020<\/h2>\n<p>The e-book is up-to-date as of October 13, 2020, and it includes coverage of the de minimis rule for small borrowers and the simple 3508S forgiveness application.<\/p>\n<h2>Share e-Book with Four Co-workers<\/h2>\n<p>Everyone in your office needs to be up-to-speed on the PPP. Accordingly, we want you to share your e-book pdf with up to four of your staff accountants or administrative staff. Sharing with your c0-workers is okay with this e-book! Everyone will need to pitch in with the PPP forgiveness season we all have coming up&#8230;<\/p>\n<h2>Table of Contents<\/h2>\n<p>Need more details about what the book covers? Here&#8217;s the list of chapters with descriptions of their contents:<\/p>\n<ul>\n<li><strong>Chapter 1,<\/strong> \u201cThe PPP Formulas in a Nutshell,\u201d explains how the PPP loan amount gets calculated and in a general way how a borrower receives forgiveness.<\/li>\n<li><strong>Chapter 2,<\/strong> \u201cPaid or Incurred Accounting,\u201d describes how to use the \u201cnew\u201d accounting method mandated by the SBA\u2019s rules. This chapter also explains what covered periods are.<\/li>\n<li><strong>Chapter 3,<\/strong> \u201cPayroll and Related Costs,\u201d describes how the payroll costs and owner compensation costs lead to forgiveness.<\/li>\n<li><strong>Chapter 4,<\/strong> \u201cMortgage Interest, Rent and Utilities,\u201d describes which non-payroll costs potentially lead to forgiveness of the PPP loan.<\/li>\n<li><strong>Chapter 5,<\/strong> \u201cFTE, Salary and Wage Reduction Adjustments,\u201d explains how the PPP forgiveness formula may reduce forgiveness if a firm reduces its employee count or pay rates.<\/li>\n<li><strong>Chapter 6,<\/strong> \u201cTax Accounting for PPP Loans,\u201d walks readers through the steps for tracking PPP loans and then handling the tax accounting correctly.<\/li>\n<li><strong>Chapter 7,<\/strong> \u201cLoan Forgiveness using 3508EZ Application,\u201d explains how the PPP loan forgiveness process works and how a borrower asks for forgiveness using the simple \u201cEZ\u201d form.<\/li>\n<li><strong>Chapter 8,<\/strong> \u201cLoan Forgiveness using 3508 Application,\u201d walks a borrower through the steps of completing the longer \u201cfull-sized\u201d loan forgiveness application including its Schedule A form and worksheet. A borrower uses the long form application when it needs to deal with adjustments in the forgiveness due to changes in employment levels or pay rates.<\/li>\n<li><strong>Chapter 9,<\/strong> \u201cTips and Tricks,\u201d points out some key things that borrowers want to do to simplify the forgiveness application process and to maximize the forgiveness they receive. In effect, Chapter 9 summarizes the really important bits of the preceding chapters.<\/li>\n<\/ul>\n<h2>More Information About Author<\/h2>\n<p>CPA Stephen L. Nelson is the managing member of Seattle-area CPA firm that specializes in serving privately held companies with multi-state and international operations as well as their owners. A CPA for three-plus decades, Nelson holds an MBA in finance from the University of Washington and an MS in tax from Golden Gate University. A former adjunct tax professor at Golden Gate University, he is also the author of numerous reference books including the bestselling\u00a0<i>QuickBooks for Dummies\u00a0<\/i>and\u00a0<i>Quicken for Dummies <\/i>titles both of which sold more than 1,000,000 copies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly five million small businesses received a PPP loan, including many of your clients. Over the next few weeks, each will apply for forgiveness through a process that resembles a combination of an IRS correspondence audit and a couple of afternoons in an algebra class. If you&#8217;re ready to help? Great! But if you aren&#8217;t [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9781,"parent":98,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"class_list":{"0":"post-9780","1":"page","2":"type-page","3":"status-publish","4":"has-post-thumbnail","6":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Maximizing PPP Loan Forgiveness - Evergreen Small Business<\/title>\n<meta name=\"description\" content=\"Accountants, attorneys and bankers should find &quot;Maximizing PPP Loan Forgiveness&quot; an excellent resource to become PPP experts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/evergreensmallbusiness.com\/ebooks\/maximizing-ppp-loan-forgiveness\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maximizing PPP Loan Forgiveness\" \/>\n<meta property=\"og:description\" content=\"Accountants, attorneys and bankers should find &quot;Maximizing PPP Loan Forgiveness&quot; an excellent resource to become PPP experts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/evergreensmallbusiness.com\/ebooks\/maximizing-ppp-loan-forgiveness\/\" \/>\n<meta property=\"og:site_name\" content=\"Evergreen Small Business\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-17T12:54:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/evergreensmallbusiness.com\/wp-content\/uploads\/2020\/07\/PPP-Forgiveness-Thumb.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"258\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleCPA\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/ebooks\\\/maximizing-ppp-loan-forgiveness\\\/\",\"url\":\"https:\\\/\\\/evergreensmallbusiness.com\\\/ebooks\\\/maximizing-ppp-loan-forgiveness\\\/\",\"name\":\"Maximizing PPP Loan Forgiveness - 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