Greater New York Automobile Dealers Association

GNYADA Dealer Webinar

Click Here to Watch a Recorded Version of This Webinar

Click Here to Download the Presentation Deck

You have questions about the Payroll Protection Program.
GNYADA is providing answers.

The CARES Act made $350 billion in Paycheck Protection Program (PPP) loans available to small businesses, with individual businesses eligible for up to $10 million in forgivable loans.

Naturally, Dealers have questions. In this webinar, Edward McWilliams, CPA at Cerini & Associates, LLP will answer many of the most common questions dealers are asking about the payroll protection program (PPP).

Ed will provide answers to questions such as:

• Are Dealers that use a Professional Employer Organization (PEO) eligible for the loan?
• How are commission based- employees’ salaries counted?
• How much of my loan will be forgiven?
• What can Dealers do to maximize their loan forgiveness?
• Can PPP loans be used for expenses, other than payroll?
• Are there other economic relief programs for Dealers?
• Comments about SBA’s updates.

Click Here to Watch a Recorded Version of This Webinar

Click Here to Download the Presentation Deck