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UH Bauer Procurement Technical Assistance Center

Govology Presents: PPP Forgiveness, Indirect Rates & The Incurred Cost Proposal

Feb
9
2021
Tue 12:00 PM to 1:30 PM
Topic: Government Contracting

READ BEFORE REGISTRATION

This workshop requires you first to register with the UH PTAC by selecting the "Register Online" link below. After you have completed the UH PTAC registration, YOU MUST select the "Continue" link and you will be taken to the Govology website. On the Govology website select the "Buy now" link to complete the registration process. If you are an existing UH PTAC client, enter your coupon code during the Govology registration and the training is free for you to attend.

YOUR REGISTRATION TO ATTEND THE WEBINAR IS NOT COMPLETE UNTIL BOTH THE UH PTAC AND GOVOLOGY REGISTRATIONS ARE COMPLETED.

If you are a current client of the UH PTAC, when you register for the webinar please use the email address we currently have on file. If you do not know the email you have on file with us, please email uhptac@uh.edu and we will confirm your email address.

If you have a new email address, please let us know and we will update your record with us.

Please do not register for the webinar using your new email address until you have informed us of the new email address and we have updated your record.

The accurate calculation of indirect rates is critical to budgets, proposals, provisional billing rates, and ultimately to company profitability. And the timely determination of final rates, final invoices, and contract close-out is dependent on the proper completion of the incurred cost proposal. Adding in PPP loans and Section 3610 funds creates another layer of complexity to an already confusing process for small business owners.

This doesn’t even consider the tax implications of PPP loans and other CARES Act or FFCRA COVID-19 relief options. Did you know according to FAR 31.201-5, contractors must accrue to the government the benefit of any refunds, rebates, or credits received in the form of cost reductions or cash refunds?

During this webinar, we will discuss why contractors may or may not want to apply for forgiveness and will provide technical guidance on the proper calculation of rates and completion of the incurred cost proposal.

Here’s what you will learn:

  • Why government contractors should apply for PPP forgiveness.
  • Eligible expenses that qualify for forgiveness as a government contractor.
  • The impact of Section 3610 assistance.
  • How to report PPP forgiveness and Section 3610 on the ICP.
  • The effect of PPP and Section 3610 on indirect rates.
  • Recordkeeping requirements.

Target Audience: Accountant, Bookkeeper, Business Owner, CFO/Controller, CPA, Sr. Accountant, Government Contractor

Thank you!

Speaker(s): Robert Jones, Left Brain Professionals


Fee: $ 75.00

FREE for UH PTAC clients after you enter the coupon code. Click "Continue" after you complete the UH PTAC registration to go to the Govology website to complete your registration.