Update! PPP Loans and Forgiveness: A Cooperative PerspectiveDate: Thursday, October 22, 2020
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter(s): Eric Krienert, CPA & Adam Hite, CPA Moss Adams LLP
Objective: Attendees will learn about the economic necessity documentation requirements.
Understanding qualifying and non-qualifying expenses.
Understanding the tax and cooperative considerations regarding PPP forgiveness.
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour- must answer 3 attendance questions during presentation
Delivery Method: Group Internet-based
No advanced preparation or prerequisites are required for this course.
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This session will provide an overview from a cooperative perspective of loans and forgiveness under the Payroll Protection Program. Beginning with the economic necessity to the qualifying expenses and spending timeframe and FTE limitation. An explanation will be provided on restoring FTEs and wage limitation before looking at the loan forgiveness application process. The session will conclude with a review of tax and other considerations.
Presenter and Moderator Bios
Eric Krienert, CPA has worked in public accounting since 1997. He is experienced in tax planning and consulting for large partnerships and corporations in the food and agriculture industries, but his specialty lies in cooperatives. He provides services related to patronage philosophy and formulating patronage allocation programs based on book, tax, and hybrid programs; equity planning; mergers and acquisitions, joint ventures, and other combinations; non-qualified equities; and domestic manufacturing deduction and taxation.
Adam has been in public accounting since 2006. He provides tax compliance and consulting services to a variety of clients in the wine and agribusiness industries. His clients include wineries, food processors, marketing and supply co-ops, large farming operations, transportation companies, and high net worth individuals. Adamâ€™s primary focus is on business and tax consulting and compliance, and ASC 740 preparation and review. He also has experience advising clients on a variety of areas such as partnership taxation, accounting methods, state tax, and mergers and acquisitions.
Free for NSAC Members / $56.00 for Non-Members
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