We Accepted Our PPP Funds, So What Now? An Updated Guide to Loan Forgiveness

By |September 4th, 2020|

We Accepted Our PPP Funds, So What Now? An Updated Guide to Loan Forgiveness The average number of FTE employees on payroll per month employed between February 15, 2019 and June 30, 2019; between January 1, 2020 and February 29, 2020; or any consecutive 12-week period between May 1, 2019 and September 15, 2019 in the case of a seasonal employer. Papers can include payroll taxation filings (typically Form 941) and state quarterly business and specific worker wage reporting and unemployment insurance coverage income tax filings. Papers may cover durations much longer compared to the certain period of time. Non-Payroll Documentation Business Mortgage Interest re Payments: Copy regarding the loan provider amortization routine and receipts or terminated checks confirming qualified payments through the Covered Period; or loan provider account statements from February 2020 as well as the months for the Covered Period through 30 days following the end regarding the Covered Period verifying interest amounts and qualified payments. Company lease or Lease re re payments: Copy associated with present rent contract and receipts or terminated checks verifying qualified re re payments through the Covered Period; or lessor account statements from February 2020 and through the covered duration through 30 days following the end regarding the covered period confirming qualified payments. […]