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

  • @renew.2670
    @renew.26704 жыл бұрын

    Thanks for making that clear and comprehensible.

  • @katelynnmcdaniel5283
    @katelynnmcdaniel52834 жыл бұрын

    We getting second round Thanks for the update

  • @BrassHorseStudio
    @BrassHorseStudio4 жыл бұрын

    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!

  • @cjeccher8128
    @cjeccher81284 жыл бұрын

    Why do the feds have to make it so difficult all the time. That’s rhetorical

  • @BrassHorseStudio

    @BrassHorseStudio

    4 жыл бұрын

    "I'm from the government, and I'm here to help." -Said no one ever.

  • @giovannibalsa
    @giovannibalsa4 жыл бұрын

    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

    @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

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