The CARES Act brought the innovative Paycheck Protection Program with the new loans from the Small Business Administration (SBA). Over $1.6 billion were issued solely in Puerto Rico. The mainattractiveness of the program is to achieve the forgiveness of the loan, therefore converting it into agrant.
During this webinar we’ll discuss the SBA application for the forgiveness that was issued last May 15, 2020, and what this means for you and your business.
Webinar’s presentation will be in Spanish; material will be shared with participants in English.
Topics to be discussed:
- What are the costs that qualify for forgiveness?
- What are the factors that could affect the forgiveness amount?
- What are the tax consequences of the forgiveness?
Start time 10:00 am (EST)
End time 11:00 am