You can access immediate funding for your small business through the CARES Act Paycheck Protection Program forgivable loans. The IRS has released the application and guidelines for small business to i...
Payroll costs are the sum of cash compensation earned during the covered period, along with associated employer-paid benefits and employer-assessed state and local taxes (as defined below). At least 6...
Loan forgiveness may be reduced based on the difference between full time-equivalent (FTE) employees during the covered period and the number of FTEs during a comparison period. If the number of FTEs ...
Rent, utilities, and interest on mortgages are eligible expenses (non-payroll costs) if the agreements existed before 2/15/2020. You can use up to 40% of the loan forgiveness amount to pay these costs...
Loan forgiveness may be reduced if the average wages paid to an employee during the covered period decreased by more than 25% when compared to their average wages during the 1st quarter of 2020. This ...