STIMULUS INSIGHTS WEBINAR PART 6The new Forgiveness Applications and Guidance resulting from PPP Flexibility Act are out! By and large, this is very positive news for small businesses. Join us for our most comprehensive PPP Forgiveness webinar yet.Tuesday, June 23, 2020: 11:00 AM Pacific / 2:00 PM Eastern WATCH THE RECORDING SPECIAL WELCOME TO OUR APEX NETWORK GUESTS: The new Forgiveness Applications and Guidance resulting from PPP Flexibility Act are out! By and large, this is very positive news for small businesses. If you've been working to plan your spend down and apply for forgiveness, STIMULUS INSIGHTS 6 is for you. We may have arrived at a reasonably stable point in the guidance, and this may be the time when folks can finally determine their full PPP plan of action! Join us in our continuing efforts to help you unpack the newest changes and how they impact your loan planning and forgiveness, including:Factors to consider in selecting between the 8 or 24 week covered periodsRelatable scenarios to understand how forgiveness choices may impact youHow to determine if you can use the new Forgiveness EZ ApplicationWhere the new Safe Harbors landed and how to tell if you qualifySee you on the webinar! FEATURED SPEAKERS ERIC MCDERMOTTMANAGING PARTNERCFP® ChFC® CLU®Eric McDermott is a managing equity partner of Pacific Advisors. He leads the Advanced Financial Strategies Team, new initiatives, and enterprise marketing. As a Financial Advisor he holds multiple advanced designations, including CFP®, ChFC®, and CLU®, and focuses on connecting business leaders with strategies to protect and grow their business, net worth and estate. His public speaking includes frequent presentations across the country to business owner and CEO groups on financial strategies for earning more and keeping more. He regularly presents advanced planned giving strategies for attracting more frequent and larger support to worthwhile causes. For years, Eric has led presentations for employees and leaders, across dozens of companies, on personal strategies for getting financially organized. LEARN MORE Review Earlier WebinarsPart I, Stimulus Insights for Small BusinessesHosted April 3, 2020By Eric McDermott & Kelly KidwellJoin us as we put the $350 billion in loans for Small Businesses into perspective and we tackle, unpack, and distill much of it into relatable insights on:• Who’s included?• What are the relief loan programs from the SBA?• How do you select the right program(s) for you?• What are the provisions to get some of the loans forgiven?• What provisions get you tax credits?• Can you take advantage of multiple loan programs?• Can rehiring employees help you capture more forgiveness?• What happens if you reduce employee head count/pay?• How do these new loans interact with existing SBA loans and SBA disaster loans?Watch the Video RecordingPart 2, Stimulus Insights for Small BusinessesHosted April 8, 2020By Eric McDermott & Kelly KidwellIf you were one of the thousands of registrants during last week’s webinar, then you know that we covered a lot of ground regarding the CARES Act $350 billion of programs for small businesses. Hundreds of questions poured in to our inboxes. Since then, much more detail has been determined and refined that could impact you and your business!Join us as we continue to tackle, unpack, and distill these initiatives into relatable insights, including: • What additional clarity do the new guidelines bring?• Why are there now TWO deadlines for the massive PPP Program, and which is potentially appropriate for you?• What is happening with the SBA lender match website - is it going down or coming back?• What more do we now know about how to apply, based on your business type?• What clarifications are there for what counts as payroll expenses and what does not?• Tell me again, what do I do with my 1099 contractors? What if I am one?• Are people already getting checks, and what should you expect to receive?• What if you make an honest mistake and find out you were wrong in your application?• If you do not get your full PPP loan forgiven, can you roll it over into the extended 10 year loan?• Why are some of the EIDL checks showing up with unpredictable amounts?• How do I fill out these applications?• Do you have some insights on how to approach lenders for potentially faster processing?Watch the Video RecordingPart 3, Stimulus Insights for Small BusinessesHosted April 22, 2020By Eric McDermott & Kelly Kidwell"I’ve Received My PPP/EIDL Check, Now What?!" Many of you are emailing us that you're beginning to get your checks! Then immediately asking, "But how do I make sure I spend it correctly to maximize forgiveness?"We are now connected to thousands of you on the front-lines of this, and many of you are emailing us that you’re beginning to get your checks!And then your emails go on to ask, “But how do I make sure I spend it correctly to maximize my forgiveness?” And wait, another fresh batch of guidelines just provided from the SBA!We’re on it, and want to help you! So here comes STIMULUS INSIGHTS 3:• When does/did my 8 Week Count Down begin? Can I move it?• What is the ten-day rule and what does it mean to my PPP start date?• What if I can’t get my employees back fast enough to get full forgiveness?• How do I bring back my people when I can’t even open up my workplace?• Do they have to be the same employees?• I also got an EIDL check, how do I make sure I keep the accounting right to avoid disqualifying my forgiveness?• What are my forgivable expenses, and in what ratio to maximize forgiveness?• Are there strategic ways I might maximize forgiveness, but also maximize my cash flow and productivity?• The $350 Billion earmarked to PPP is fully allocated, will there be more?• What’s this ~$2.3 Billion Main Street Lending Program from the Fed? Does it affect PPP and other programs?Watch the Video RecordingPart 4, Stimulus Insights for Small BusinessesHosted May 22, 2020By Eric McDermott"Finally! SBA PPP Forgiveness Application Arrived" We promised as soon as the guidance on forgiveness showed-up that we'd be back! So here we go with what you need to know on the new forgiveness application!• What to know in completing all the parts, including: - PPP Loan Forgiveness Calculation Form - Payroll worksheet - PPP Schedule A - The PPP Schedule A “Worksheet” - The accompanying attestations and documentation• What is this new “Alternative Payroll Covered Period” and how does it work?• What is the “FTE Reduction Safe Harbor” provision (and the 5-Step calculation to see if you qualify)?• What documents are requested/required for proving eligible non-payroll expenses for forgiveness?• Did they explicitly remove “prepayments” on business mortgage interest payments?• What's new in the “FTE Reduction Quotient” and Wage Reductions for forgiveness reductions?• Strategies for those who are well into their 56 Day “Covered Period"• What is the updated guidance if I offer my employees their job back and they don’t take it?• What about the apparent contradiction between the April guidance and the new Forgiveness Application that may jeopardize some self-employed individuals their PPP forgiveness?• What is the requested/required documentation to maintain and submit with the Forgiveness Application?• What’s the latest understanding of tax considerations of PPP loan income and related expenses?Watch the Video RecordingPart 5, Stimulus Insights for Small BusinessesHosted June 9, 2020By Eric McDermottJoin us for help unraveling the constantly changing SBA Stimulus Packages, including the latest PPP Flexibility Act.The PPP Flexibility Act has now been passed by both Houses of Congress! For small businesses who have been working to make ends meet while trying to qualify for forgiveness, upon the President’s signing:The Safe Harbors will get saferThe Covered Period will get longerThe Payroll Expense Ratio will get reduced...and much more positive news for PPP recipients!Join us in our continuing efforts to help you:Unpack the new PPP Flexibility Act!Refresh what you know about EIDL loans that many of you are now receivingBe aware of a June deadline that still remains from the CARES Act for Small BusinessesKeep in the know on other DC chatter about what’s being proposedWatch the Video RecordingPart 6, Stimulus Insights for Small BusinessesHosted June 23, 2020By Eric McDermottThe new Forgiveness Applications and Guidance resulting from PPP Flexibility Act are out! By and large, this is very positive news for small businesses. Join us for our most comprehensive PPP Forgiveness webinar yet.The new Forgiveness Applications and Guidance resulting from PPP Flexibility Act are out! By and large, this is very positive news for small businesses. If you've been working to plan your spend down and apply for forgiveness, STIMULUS INSIGHTS 6 is for you. We may have arrived at a reasonably stable point in the guidance, and this may be the time when folks can finally determine their full PPP plan of action! Join us in our continuing efforts to help you unpack the newest changes and how they impact your loan planning and forgiveness, including: Factors to consider in selecting between the 8 or 24 week covered periods Relatable scenarios to understand how forgiveness choices may impact you How to determine if you can use the new Forgiveness EZ Application Where the new Safe Harbors landed and how to tell if you qualifyWatch the Video Recording 1Represents in force cash values for life insurance and market values of all securities accounts. Market values of securities accounts are subject to significant changes due to market conditions. The values provided should not be used in making a determination on the quality of services provided by representatives of this agency. Client numbers Include owners of in force life, disability income and long-term care insurance policies as well as all securities accounts.Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that Individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice.