About this course

PPP Loan Forgiveness and Employee Retention Credit for Self-Employed Small Business Owners Qualifications and Documentation Requirements.

This course will simplify the Small Business Administration guidance regarding the PPP Loan Forgiveness qualifications. It includes discussion about the interest rates if loan was not forgiven; documents needed to prepare and submit to the SBA if you are self-employed; what are the strategy to maximize both Employee Retention Credit and PPP Loan Forgiveness; and documentation requirements for Employee Retention Credit.

What you will learn?
Learn about the basic purpose of PPP loans and their importance in the COVID-19 crisis
Identify the points that indicate the eligibility criteria for PPP loans.
Know about the maximum loan amounts given and their method of calculation
Understand the PPP loan forgiveness plans and the method of their implementation
Explore the PPP loans amount portions for payroll and non-payroll costs
Identify how PPP loans help fund the companies in crisis
Understand the Employee retention credits, reimbursements, and aspects of Sole proprietors
Know about the maximum owner-employee compensation and other related calculations
Skills Covered
1 hour on-demand video
Certificate of completion
Beginner level
No prerequisites
No preparation required
1 year access


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Browse course content
7 Video
3 Quiz
1 hours
Section 1.
Overview of PPP Loan and PPP Loan Forgiveness
12m 2s
PPP Loan Forgiveness Qualifications for Self-Employed
10m 58s
PPP Loan Forgiveness Documentation Requirements
6m 14s
PPP Loan Forgiveness Tax Effect
5m 36s
PPP Loan and Employee Retention Differentiated
8m 40s
Employee Retention Credit Qualifications
9m 37s
Employee Retention Credit Documentation Requirements
10m 17s
3 questions
Section 2.
Review Questions
5 questions
Section 3.
Final Exam
8 questions
Learn from the best

Mary Rafa is a Controller Consultant with more than 15 years of experience in private accounting, specializing in accounting cleanup, process improvement, standardization (inventory, accounts payable, job costing, month-end close, and financial reports) from small to large businesses. She has a passion for cleaning up ERP systems (SAP, Sage, and NetSuite), and providing organized and documented support to Big 4 auditors. Specialized in accounting clean-up that supports sales tax reporting requirements, KPI’s, inventory, project costing, and cash flow financial models. Skills and Experience • Material Requirements Planning • PPP Loan Forgiveness • Employee Retention Credit • AB5 Analysis • Form 571L Property Taxes • Sales and Use Tax • Payroll Tax Delinquent Notices and Research • Accounting Clean-up • Consolidation entries • Balance Sheet Reconciliation and supporting schedules for audits and tax preparation. • Month-end close entries and import templates for SAP and QuickBooks. • E-commerce merchant fees and bank reconciliations Industry Lines • Adhesive Manufacturing • Furniture Manufacturing • Medical Device Manufacturing • Entertainment (Music) • Internet Start-ups • Real Estate • Wholesale / Retail • Online Retail • Nonprofits • Medical/Dental services Computer Applications • SAP FICO • NetSuite • Sage 300 • Sage 100 • Sage 50 • Pro Systems FX • QuickBooks Pro, Premiere and Enterprise • QuickBooks Online • Xero • MS Excel (pivot, index formulas, multiple criteria sumifs, etc. Education/Qualifications • Licensed CPA in CA • B.S. Accounting • AICPA Forensic Accounting Certificate Affiliations • CAL CPA member • National Association of Asian American Professionals • Filipino American Chamber of Commerce