#31 PPP Loan Updates: Where We Are With Round 1 and Round 2

On this episode, Jack Callahan CPA, Partner – Construction Industry Leader at CohnReznick joins us for an update on the latest round of Covid-19 relief and what it means for the first and second rounds of the Paycheck Protection Program (PPP). Jack examines tax treatment highlights and where PPP loan debt will appear on contractors’ financial statements. As well as diving into similarities and differences between Round 1 and Round 2 PPP loans based on what we know now. For more information on the PPP, you can go to both NASBP’s Coronavirus Resources Page or CohnReznick’s Coronavirus Center!

Hosted by:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP