PPP Forgiveness & Your Overhead Rate
Many AE firms with PPP loans wonder how loan forgiveness may impact their indirect cost rate on government contracts. Like most topics swirling around PPP, it’s complex.
Join SN’s FAR and PPP experts, Wayne Owens and Steve Snyder, as they answer your most critical questions regarding how PPP loan forgiveness will be treated under Federal Acquisition Regulations and provide insight into the latest federal guidance and what you should be doing now to prepare for potential outcomes.
- Latest guidance on PPP loan forgiveness for government contractors
- Best practices to manage the impact on overhead rates
- Next steps to best prepare for possible outcomes
About the Presenters
Wayne Owens, CPA, CGMA, CDA | Managing Director, Government Contract Services Practice Area
Over his 35+ year career, T. Wayne has established himself as a respected thought leader in the architecture and engineering industry. As the founder of T. Wayne Owens & Associates, PC, Wayne honed his skills providing consulting, auditing, and financial management services for firms nationally as well as serving as CFO of an architectural firm. You can frequently find him presenting to national audiences on his favorite industry topics including AE auditing and financial management, the AASHTO Uniform Audit & Accounting Guide, FAR overhead rates, government contracting, and project accounting.
Steve Snyder, CPA, CCIFP | Director, AEC Group
As Director, Steve’s concentration is on assisting clients within the architecture, engineering, construction and real estate development industries to improve internal processes and maximize profitability. Clients also benefit from his extensive experience auditing employee benefit plans ranging from 100 to 5,000 employees. In addition to his technical competence, Steve is an avid Penn State football fan and expert tailgater.
M. Scott Hursh, CPA, CCIFP, CDA, CGMA
Managing Principal, AEC Group
Mr. Scott Hursh, recognized as an authority in financial management, tax and government contract consulting for architectural and engineering firms. His advanced experience in the application and interpretation of the Federal Acquisition Regulation (FAR), AASHTO Audit Guide, Cost Accounting Standards, and AE tax issues guides firms towards minimizing tax obligations and boosting profitability.