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Ebb Tide: Tax & Compensation Implications Around PPP Loans

Managing Professional Services Firms

Tuesday January 12, 2021 | Original Broadcast

In 2020, many professional services firms applied for and received loans from the Paycheck Protection Program (PPP), courtesy of the United States Small Business Administration. Viewed as a key business lifeline at the time, the recent passage of the Consolidated Appropriations Act, 2021—replete with second round of Paycheck Protection forgivable loans—holds significant ramifications for pass-through entities like law firms as they commence with year-end preparations and look forward to a new year. This timely conversation offers critical guidance for business leaders tasked with navigating uncanny shores. What considerations should leaders embrace over the weeks and months ahead?

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Why You Should Attend

  • This webinar offers unique guidance for business leaders tasked with enterprise operations, employee compensation or business financials
  • Our esteemed panel leverages decades of executive leadership and trusted guidance within the professional services sector
  • Participants will gain invaluable takeaways for immediate implementation within their firm heading into a new calendar year

Who Should Attend

  • Professional services firm chairs & managing partners
  • Chief operating & financial officers
  • Compensation committee members
  • Chief risk officers & senior leaders

Chair(s) and Faculty

Chair(s) Faculty
Lisa Smith
Principal, Fairfax Associates
Carolyn Furina
Tax Director, PricewaterhouseCoopers, LLP
Jordan Howlette
Trial Attorney, Civil Trial Section - Central Region, Tax Division, US Department of Justice
Damien Martin
Partner, BKD, LLP

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Event agenda

(all times local)

Tuesday January 12, 2021

12:30 PM ET Ebb Tide: Tax & Compensation Implications Around PPP Loans

In 2020, many professional services firms applied for and received loans from the Paycheck Protection Program (PPP), courtesy of the United States Small Business Administration. Viewed as a key business lifeline at the time, the recent passage of the Consolidated Appropriations Act, 2021—replete with second round of Paycheck Protection forgivable loans—holds significant ramifications for pass-through entities like law firms as they commence with year-end preparations and look forward to a new year. This timely conversation offers critical guidance for business leaders tasked with navigating such uncanny shores. What considerations should leaders embrace over the weeks and months ahead?

Moderator:
Lisa Smith, Principal, Fairfax Associates

Panelists:
Carolyn Furina, Tax Director, Law Firm Services Practice, PricewaterhouseCoopers, LLP
Jordan HowletteTrial Attorney,  U.S. Department of Justice, Tax Division
Damien Martin, Partner, BKD, LLP

1:30 PM ET Conclusion

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