Marina Parkin (Koontz & Parkin, CPAs) and Jackie Durham (Koontz & Associates, PL) discuss the new EZ forgiveness application, regulation updates for forgiveness, choosing your loan cover period and whether you should apply before the deadline.
1:47 Introducing the EZ application for PPP forgiveness.
2:42 Three requirements for when to use the EZ application.
8:32 Regulation updates for forgiveness of loan.
11:15 Understanding the 24-week cover period option vs 8-week option.
14:53 Should I stick with my 8-week loan period or go to 24-week loan period?
22:37 Safe harbor exemptions.
29:14 PPP loan still available for application. Should you apply?
32:00 EIDL loan still available for application.
34:45 Interest on loans PPP and EIDL loans.
35:53 Should you apply for EIDL?
36:23 Forgiveness applications - Supply and retain documentation.