Who can see your viewing activity?
Does it have to be one or the other? or can you do both cash and accrual?
Can I use any of the PPP to pay a 1099 contractor in addition to my year-round employees?
Do the agriculture EIDL also include food producers/manufacturers?
Hi Elke! SBA has provided you may use both expenses incurred and expenses paid.
if the eight week period is extended is there a possibility of increasing the loan amount? does it change the calculations?
When the presenter said 'hybrid' he was suggestiong it is both, either you accrued the amount or paid a previously dueamount in the 8 week period
Can you clarify what "allowance for separation" includes?
so it says gross, does that mean employee portion of fed taxes are included?
so- NO federal? Not even the employees part?
And we can prepay rent within the 25%
Hi Jody - yes, employee portion included. employer is not.
Six years of documentation? What was that about? Will you revisit that detail?
Does Gas for delivery vehicles count as transportation?
What constitutes "transportation" utilities? fuel?
Can we count the cell phone reimbursement that we pay our employees?
I have a business I run out of my house. Can I use the PPP funds for my whole home mortgage interest or only a portion of it?
PPP can only pay mortgage interest,not principle
If you stick to the 75/25% rule, can you get a partial forgiveness? Or is it all or nothing?
Hi Gabriel - Partial forgiveness is allowable
my question is can I use it for the full mortgage interest or only a portion since my business use in home is a portion of my home.
was the bonus question answered? is it included as part of salary?
does the safe harbor include part time or just full time employees?
I am also interested in if payments to 1099 contractors can be included in the payroll amounts to be forgiven.
Hi Sheila - safe harbor applies to both part time and full time employees. All employees who make under $100k are included in the safe harbor
1099 contractors can not be included
Hi Patricia - payments to 1099 contractors are not included in eligible payroll costs
I have staff out on medically protected leave which impacts FTE count. Can written documentation make this not impact foregiveness?
Can I use the loan portion for anything? Like supplies?
This slide deck and meeting recording will be sent to ALL participants.
Do you know if there will be a second round of PPP that we can apply for after June?
There are still PPP loan funds available now
Is there a limit on how much PPP funds you can use as a self-employed owner with one employee. Can you pay yourself more than your adjusted monthly income?
Here is the link to forgiveness application: https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf
We have already applied and have received a loan. I was wondering if you know if there will be a second round of PPP in the future (after June)
The application page 5 Line 9 Enter any amount paid to owners If the owner receives monthly dividend checks, can this amount be entered here? Not included in original loan payroll amount.
What if your semi monthly payer. Can you still get away with not doing a special payroll run
our employees are paid prevailing wages which varies by jurisdiction. if they are working in a lower rate jurisdiction will we be penalized for that wage reduction?
(2) 14” x 20.5”(2) 14.5” x 20.5”(1) 22.75” x 28.375”(1) 3.75” x 28.375”(2) 16.25” x 20.375”(1) 17.75” x 28.375”(2) 19.5” x 28.375”(6) 11.5” x 28.375”(2) 17” x 16.25”(2) 12.375” x 32.75”(2) 16” x 32.75”(1) 16.25” x 32.75”Panels:(1) 17” x35”(1) 24” x 35”(2) 40” x 35”As Elke asked, can pre-paid rent qualify for forgiveness?
Apologies for that!
Even if you can't pay them in the 8week period due to quarterly timing?
Madison, doesn't that FAQ answer contradict your response about both cash and accrual expenses?
If, as an owner, I am also paid a salary (under $100k) can I pay myself a bonus as well that would be included?
What about reimbursement for fuel costs for employee owned vehicles?
The $15,385 compensation limit refers to wages, salary or bonus compensation only - correct? State taxes, health insurance & retirement are not included in that total?
Owner receiving monthly dividend not paycheck?
Has there been any discussion about allowing general liability insurance to be included in foregivable?
Prepayments Can those checks be drawn and held?
That's correct Mark.
If you were behind on utilities, can those back payment qualify?
One last time—if your normal payroll run is on the 20th, did I understand we could start our qualifying period for 8 weeks, with the pay period start date following our PPP disbursement?
Clarify the prepayments What can be prepaid?
Prepay - health insurance?
Is health insurance and other benefits a salary expense or other expense. I believe you covered that but I'm not sure.
I am self employed and am the only employee how do I provide proof of wages?
Is recycling considered a utility expense?
Can we prepay the employees health insurance?
I pay monthly payroll and the last day of my 8 weeks is June 15. Can I do a special payroll on June 15 so it counts as forgiveness?
I have 8 independent contractors, is PPP used to pay them?
thank you everyone
I have less clients and I have extra COVID protection costs. there is no way that I will be back at my 2019 monthly income in 2 months
I'm confused - EIDL grant is subtracted from ppp forgiveness?
On independent contracotr payments
Thank you very much.. Very helpful! :)