Video

As we near the final days of the program, it’s important that firms work with clients to make final decisions on open applications. This includes applications with the ‘More Information Needed’ status. Those requirements must be completed by June 25^th. We reviewed the most common reasons for applications under the ‘More Information Needed’ status and what steps firms need to take to move the application into funding stage. We touched upon a popular question around the status of agent fees. Key information shared around this topic was that firms that have all their deals finalized by end of May are being paid 100% by end of June. The rest of the applications currently in process will be paid in July once those applications are funded at the end of this month. As we reviewed our roadmap, we looked at what role the CPA Business Funding Portal can play in helping firms serve their clients in the future. Three key areas were identified based on the feedback we have heard from you. These areas include providing additional forgiveness support, launching new financial products in the post-PPP world and finally, new wider integrations into the applications CPA firms are already using in their practices.