PPP Loans- Impacts and Planning around Loan Forgiveness
Recorded On: 10/01/2020
PPP Loans and forgiveness have been on everyone’s minds. During this NASBP Virtual Seminar, Julian Xavier of CLA will touch on the following areas and what bond producers and their contractor clients should discuss and consider from a planning perspective:
1. Best practices in presenting the PPP loan on year-end financial statements (examples where loan is forgiven and where it isn’t)
2. Strategies on timing of applying for loan forgiveness and recording forgiveness
3. Tax planning ideas around PPP loan forgiveness
4. What do you do now from a cash flow perspective that PPP funds have been exhausted?
Julian M. Xavier
Principal-In-Charge of CliftonLarsonAllen LLP's Walnut Creek office.
Julian is the Principal-In-Charge of CliftonLarsonAllen LLP's Walnut Creek office. He is a member of the firm's Executive Leadership Team for the Construction Industry group and has over three decades of experience in accounting in the construction industry. Before joining CliftonLarsonAllen, Julian spent time as a controller with a large general contractor based out of Northern California.
Julian is a member of the AICPA, California Society of Certified Public Accountants, Construction Financial Management Association and a member of the CPA Advisory Council to the National Association of Surety Bond Producers. Julian is also a member of the AICPA's National Construction Industry Conference Planning Committee.
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