July 23, 2020
After the 24-week period, I will have spent 100% of the proceeds on payroll and payroll related costs. Should I still submit the costs for rent and utilities in my forgiveness application?
Posted by Armanino Financial Advisory Team
You’ll still need to fill out the application, but it’s possible those other expenses won’t be necessary, or even applicable to increasing your forgiveness. However, you will want to be certain that you have calculated all payroll costs and forgiveness properly if you choose to skip including the non-payroll costs.