Paycheck Protection Program

Paycheck Protection Program

 

Webinar: PPP Forgiveness for Churches

On Friday, May 22 the Council on Finance and Administration (CFA) of the Holston Annual Conference of The United Methodist Church hosted a free webinar to explain next steps to churches who received funds from the Payroll Protection Program.

Knox Wimberly explored the contents of administrative actions taken by the IRS, the SBA and the Department of the Treasury in light of the pandemic. He discussed the Forgiveness Application and how churches can best account for the eligible expenses. Below is a recording of that webinar:

 

Additional Resources:

  • PPP Calculator - Loan Forgiveness Calculator (clicking link will download an Excel file)