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The New York State Restaurant Association is offering a webinar about the Paycheck Protection Program on Thursday, April 30 at 2 pm Eastern. It is a free webinar open to all. Here is the promo about it:
During this webinar the speakers will address the most compelling questions operators have about proper use of their PPP funds and how to calculate loan forgiveness. They will also explain which questions have not yet been answered by the Treasury.
Topics covered include:
• What costs can PPP loan proceeds be used to cover?
• Based on currently available guidance, what is a “full time equivalent” employee for purposes of calculating the loan forgiveness amount?
• How is the loan forgiveness fraction determined?
• How are other reductions to the loan forgiveness amount determined?
• If the PPP monies have been received, what is the deadline by which they must be used?
• May the PPP loan proceeds be used to pay employees wages or premiums in excess of their prior level of compensation?