July 23, 2020
I had an employee go out on disability and another one take maternity leave. Does that count against me as an FTE reduction?
Posted by Armanino Financial Advisory Team
There is not specific guidance that has been issued to date in either the FAQs, the IFRNs or the loan forgiveness application itself that specifically addresses disability and maternity leaves. It is possible that these qualify as “voluntarily reduced hours” but that is not clear. We expect additional guidance to be forthcoming.