by Peter Cass | Apr 5, 2020 | Archived, HR
This page attempts to provide the details how the Payroll Protection Program works and is followed by example calculations. It is not legal advice on how to process a PPP loan which should only be undertaken with assistance from a qualified accountant. STEP ONE –...
by Peter Cass | Apr 5, 2020 | Archived, Legislation
The following are simply a few made up examples of how the forgiveness program works, which is how you determine your ultimate pay back responsibility. It is obvious that the many variables in the program can change how this loan works. Sample Calculation #1 You...
by Peter Cass | Apr 1, 2020 | Archived, Legislation
A sample application can be found here. For purposes of calculating “Average Monthly Payroll”, most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly...
by Peter Cass | Apr 1, 2020 | HR
In general, this program is designed to help you retain your employees in the economic downturn related to the COVID-19 crisis by providing up to eight weeks of federally guaranteed loans that are forgiven, with stipulations, if you continue to pay your employees. A...
by Peter Cass | Apr 1, 2020 | Archived, Legislation
A sample application can be found here. For purposes of calculating “Average Monthly Payroll”, most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly...
