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re: PPP Payroll Allocation
Posted on 4/22/20 at 1:30 pm to lesgeaux
Posted on 4/22/20 at 1:30 pm to lesgeaux
We received funding in the first round of PPP. We are keeping a running total of our payroll and other forgivable costs (rent, utilites).
Once we get to week 6 or so if we look like we won't spend the full allocation, we will look at paying commissions/bonuses etc. to our employees as a form of "hazard pay" in order to maximize our use of the forgivable loan.
Once we get to week 6 or so if we look like we won't spend the full allocation, we will look at paying commissions/bonuses etc. to our employees as a form of "hazard pay" in order to maximize our use of the forgivable loan.
1
Posted on 4/22/20 at 1:36 pm to slinger1317
Commission is a yes. Bonuses are a gray (ish) area.
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