Virtual Speaker Series: CARES Act

CARES Act Programs: An Overview

CARES Act Topics

• PPP Loan and Forgiveness
• Title IV Main St. Loan Program
• Employee Retention Credit and other Payroll Tax Relief

BDO professionals will provide a summary of government assistance programs under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  In addition to the Paycheck Protection Program (“PPP”), they will outline the Title IV Main Street Lending Program.  The Title IV Main Street Loan Program is an additional assistance program, in addition to the PPP loans, which provides liquidity to eligible businesses, municipalities, and non-profit organizations related to losses incurred due to the COVID-19 pandemic.

Speakers  will discuss key points that business owners/leaders need to understand related to the various economic relief programs available under the CARES Act. Q&A session will follow. 

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Speakers

Laura Morris – Managing Director in Specialty Tax Services Practice

• Laura is a Managing Director in BDO’s Specialty Tax Services Practice for the West Region.
• She is based in San Francisco and serves clients throughout the West region.
• Her main focus is assisting companies in a variety of industries with federal and state business incentives, in particular the R&D Tax Credit, but is also helping lead efforts specific to payroll tax relief coming out of COVID aid packages.

Paul Peterson – Partner in Forensic Investigation and Litigation Services

•  Paul Peterson is a Partner in BDO’s Forensic Investigation and Litigation Services group.
• Paul is based in Washington D.C. Paul focuses on fraud investigations, global anti-corruption, litigation support and consulting services around forensic accounting and anti-fraud programs and controls.  Regarding Title IV, Paul has been helping companies navigate the Main Street Loan requirements and working with clients on the loan application process. 

Megan Condon – Partner in Core Tax Services

• Megan Condon is a Partner in BDO’s Core Tax Services. She is based in Seattle and specializes in auto dealerships.
• Megan focuses on helping dealers with cash controls, cost segregation, financial statement analysis, internal controls, business and occupation (B&O) sales tax consulting, and tax planning.

Bob Filip – Partner in Core Tax Services

• Bob Filip is the Tax Office Managing Partner for BDO’s Seattle office.
•  Bob is experienced with federal, state, and international tax, as well as mergers and acquisition (M&A) and ASC 740 issues, and provides both practical and technical assistance in these areas.

Moderator

Kay Packard - Senior Manager - Valuation & Business Analytics

• Kay Packard is a Senior Manager in BDO’s Valuations and Business Analytics group and is based in Seattle.
• Kay specializes in business valuations for financial reporting and tax reporting purposes as well as corporate planning and transaction purposes.
• Kay is also an adjunct faculty at Seattle University and teaches a valuation course for the Master of Professional Accounting program at Seattle University.
• She is originally from Yokohama, Japan and is fluent in Japanese.

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The Society welcomes BDO as a Patron level member!   

BDO USA, LLP, headquartered in Chicago, is the world’s fifth largest accounting network and provides assurance, tax, and financial advisory services to clients throughout the U.S. and around the world.

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Event Schedule

12:45 Check-in 

13:00 Opening Remarks

                Introducing BDO and Speakers

13:10 CARES Act Presentations (English)

· PPP Loan and Forgiveness

· Title IV Main St. Loan Program

· Employee Retention Credit and other Payroll Tax Relief

· Other Business Tax Matters

13:40 Q&A (English and Japanese)

13:55 Closing Remarks

14:00 End of program

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