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re: PPP Loan Forgiveness App is finally out
Posted on 5/23/20 at 4:41 pm to VABuckeye
Posted on 5/23/20 at 4:41 pm to VABuckeye
I'm taking the approach that since you paid payroll right after funding. Include it.
Then taking the amount of payroll that was incurred at the end of 56 day/8 week but paid after the 56day/8 weeks. So include the stub period but paid after.
Then taking the amount of payroll that was incurred at the end of 56 day/8 week but paid after the 56day/8 weeks. So include the stub period but paid after.
1
Posted on 5/24/20 at 11:47 am to kaaj24
quote:
I'm taking the approach that since you paid payroll right after funding. Include it. Then taking the amount of payroll that was incurred at the end of 56 day/8 week but paid after the 56day/8 weeks. So include the stub period but paid after.
This is the assumption I'm operating under. But if we could include the FULL final payroll that falls after 56 days but nonetheless includes some days within 56 days, that would help.
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