re: PPP Payroll Allocation

I talked to our CPA at length about this yesterday and all the comments in here are correct. If your FTE is 10, you may want to hire 2-3 extra people for the next 8 weeks just to make sure your head count is above your baseline. Also, make sure that you understand what non-payroll you're allowed to pay. Everyone knows rent and utilities but there are also approved expenditures for transportation and interest payments. The transportation has not been clarified yet, but my assumption would be that any gas that is used for company vehicles is an approved expense.

We are also keeping a spreadsheet of all expenditures over the next 8 weeks that would apply and will be paying out commissions to some of our people to ensure we come as close to our loan as possible.