BEGIN:VCALENDAR VERSION:2.0 PRODID:-//BioCT - ECPv6.3.3.1//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:BioCT X-ORIGINAL-URL:https://bioct.org X-WR-CALDESC:Events for BioCT REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/New_York BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20200308T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20201101T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/New_York:20200609T110000 DTEND;TZID=America/New_York:20200609T120000 DTSTAMP:20240328T085504 CREATED:20200603T153303Z LAST-MODIFIED:20200605T155111Z UID:3614-1591700400-1591704000@bioct.org SUMMARY:Webinar: PPP Flexibility Act - What You Need to Know - Hosted by Fiondella\, Milone & LaSaracina DESCRIPTION:Main provisions/changes of the PPP Flexibility Act that will be discussed in detail include: \n\n“Covered Period” for spending PPP loan funds\, and qualifying for forgiveness\, has been extended from 8 weeks to 24 weeks (though no later than 12/31/2020)\nPercentage of the loan that must be used for payroll costs (in order to qualify for forgiveness) has been reduced from 75% to 60%\nPercentage of the loan that may be used for non-payroll costs increased from 25% to 40%\nExtends the period in which an employer may rehire or eliminate a reduction in employment\, salary\, or wages that would otherwise reduce the forgivable amount from 6/30/20 to 12/31/20.\n\nHowever\, the forgivable amount must be determined without regard to a reduction in the number of employees if the recipient is (1) unable to rehire former employees and is unable to hire similarly qualified employees\, or (2) unable to return to the same level of business activity due to compliance with federal requirements or guidance related to COVID-19.\n\n\nDeferment of loan payments extended from 6 months to 10 months\nMinimum loan maturity period extended from 2 years to 5 years\nRestores eligibility for Employer Payroll Tax deferral for businesses with forgiven PPP loans URL:https://bioct.org/event/webinar-completing-the-sba-loan-forgiveness-application-plus-walk-through-of-the-fml-ppp-loan-forgiveness-calculator-hosted-by-fiondella-milone-lasaracina/ END:VEVENT END:VCALENDAR