PPP Forgiveness - Two months or 8 weeks worth of expenses?
#PPP #PPPForgiveness
Do I use 2 months salary or 8 weeks of salary payments to calculate PPP forgiveness?
In this video, I explain how to calculate PPP payroll for loan forgiveness using the information provided by the Treasury Department and the SBA.
Other videos that could help:
PPP FORGIVENESS for Sole Props and single member LLCs with No Employees - • PPP FORGIVENESS for So...
If you still need to apply for PPP: PPP Updates Round 2 - How to get PPP faster - • PPP Updates Round 2 - ...
Documents referred to in this video:
www.federalregister.gov/docum...
www.sba.gov/sites/default/fil...
www.sba.gov/document/support-...
DISCLAIMER: Thank you for coming to this channel. The information presented here is for informational and educational purposes. The information presented on this channel should not be used as a substitute for the advice and counsel of financial and/or legal professionals familiar with your specific business and situation. You should visit the websites and agencies included above, and/or speak to their agents about your situation. You should always consult with your business partners (if you have any), an account, banker, and/or other financial and legal professionals to obtain the very best advice specific to your business and situation. Although every attempt was made to provide up-to-date and accurate information, no guarantee is made to that effect.
Пікірлер: 7
Thanks for making that clear and comprehensible.
We getting second round Thanks for the update
I will soon be listing (I'm writing this on Monday, May 18) several videos helping you through the PPP Forgiveness Application. Please consider liking and subscribing!
Why do the feds have to make it so difficult all the time. That’s rhetorical
@BrassHorseStudio
4 жыл бұрын
"I'm from the government, and I'm here to help." -Said no one ever.
Hi, thank you for all the work you put up. I have a question regarding what is or is not my forgivable payroll for me and my wife, since we have a llc partnership (g) and ( h1) ! Thank you.
@BrassHorseStudio
4 жыл бұрын
Thanks John. As it turns out, the SBA just Friday night released the (1st version) Forgiveness Application. The link follows. It is cumbersome and is going to be a nightmare. I'm going to make some videos about it, but you can find it here...sharpen your pencil: www.sba.gov/document/sba-form--paycheck-protection-program-loan-forgiveness-application