July 23, 2020
For employees who were making more than the $100,000 maximum allowance for PPP, do they have to be reinstated to their full payroll amount by December 31 (even if that amount was, for instance, $250,000)?
Posted by Armanino Financial Advisory Team
No. Those employees are not subject to the Salary Reduction Factor because they made more than $100,000 in 2019.