The Fergus Falls Area Chamber of Commerce is a membership based organization which serves its member businesses and the community. We are located in the heart of West Central Minnesota’s premier lakes country destination, Otter Tail County. With its nearly 1100 lakes, rivers, streams and trails offering an abundance of recreational options, its a great place to grow your business.
We serve as the lead advocate and resource for our members and to create partnerships that foster a healthy business climate.
PPP Q&A #3 - Paycheck Protection Program Zoom Session Thursday
Name:PPP Q&A #3 - Paycheck Protection Program Zoom Session Thursday
Has your business taken a PPP (Paycheck Protection Program) loan? If you've received funds, you'll want to attend this session to learn the latest information on the 11 page Loan Forgiveness Application that was released by the SBA on Friday, May 15th. Megan Beckler, owner of Multi Business Solutions, accountant and QuickBooks expert will share some important details and answer questions on what this process will require (hint: it will be extensive).
Now is the time to make sure you have "your ducks in a row."
Basics of the PPP
Eligible and Non-Eligible payroll costs
PPP Forgiveness Application review including the "Covered Period", "Alternative Payroll Covered Period", Average FTE calculations, qualifications for "Salary/Hourly Wage Reduction Safe Harbor" and required documentation
(Information presented is current as of the presentation date. Due to the sensitive nature of the material covered and to allow an open Q&A, this zoom session will NOT be recorded).