PPP Additional Guidance

By now we all should be familiar with the Paycheck Protection Program.  So far the requirements for forgiveness are still the same, 75% Payroll, 25% Rent and Mortgage/Utilities. Make sure you are diligent with your substantiation because the burden of proof is on us as the business owner.  Be aware that the loan forgiveness process does take up to 5 months.  Make sure your Full Time Equivalent during the 8 week window meets the FTE that you used to qualify for the loan.  Lets get into the details of it…

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