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re: PPP Payroll Allocation

Posted on 4/22/20 at 1:18 pm to
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 4/22/20 at 1:18 pm to
quote:

Also, you have until 6/30/2020 to accomplish this.


I was told yesterday I had 8 weeks from the date you were funded...so if I was funded yesterday I have until June 21st
Posted by NOSHAU
Member since Feb 2012
11992 posts
Posted on 4/22/20 at 1:24 pm to
quote:

I was told yesterday I had 8 weeks from the date you were funded...so if I was funded yesterday I have until June 21st
That's not 8 weeks.
Posted by ValZacs
Zachary/Valpo
Member since Jan 2009
284 posts
Posted on 4/22/20 at 5:04 pm to
quote:

I was told yesterday I had 8 weeks from the date you were funded


right you have 8 weeks to 'use' the funds, but you have until 6/30 to bring back FTE to the same level and/or bring wages back to 75% of what they were, for whatever time frame you are using for forgiveness comparison.

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