USA SBA PPP loan

[Hung Lam]

I have processed payroll monthly for 3 years. I received ppp loan on 5/2/20, it means end date will be 6/26/20. I elect biweekly to meet 8 weeks period starting as the following:

5/2-5/15, pay date 5/15
5/16-5/29 pay on 5/29
5/30-6/12 pay on 6/12
6/13-6/26 pay on 5/26

please advised. Thank you

 

[Werner Reisacher]

I got some good tips from this one:

Maximize PPP Forgiveness with Five Tips - Evergreen Small Business

You can maximize PPP forgiveness if you understand the interim final rule--and avoid some easy-to-make mistakes. This blog post explains.

evergreensmallbusiness.com