July 23, 2020
If we believe we are nearing the PPP loan amount in qualifying payroll, can we submit a test Forgiveness Calculation Model to review our numbers? It would be good to know the key FTE numbers we need to restore to achieve Safe Harbor.
Posted by Armanino Financial Advisory Team
While we certainly understand the need to model various scenarios, legally and ethically neither the bank nor Armanino can conduct “test reviews” and provide advice on actions you should or should not take. You will need to evaluate your options on your own or in consultation with a retained professional advisory such as your CPA or attorney.