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re: PPP Loan Forgiveness App is finally out

Posted on 5/16/20 at 9:02 am to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35586 posts
Posted on 5/16/20 at 9:02 am to
For those worried about pay period calculations. The 56 days can start on disbursement or the date of your first payroll after disbursement. A pay period that has days that were still within the 56 days on it can also be counted.
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4466 posts
Posted on 5/16/20 at 10:18 am to
wonder how many will take a look at this over the weekend and safe harbor return the funds on monday. 10 pages (haven't read it all yet) looks like a college algebra test to complete for the forgiveness. Also, wonder if there will be a simplified version put out for sole props.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 5/16/20 at 11:17 am to
Holy shite..I just looked over that application

Man, my CPA is going to be BUSY!!!
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