Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

July 23, 2020

If we pick the 24-week option and use all our funds for payroll only, and there has been no reduction in any employee’s pay, will there be 100% forgiveness?

Posted by Armanino Financial Advisory Team

Possibly. It depends on whether you had any reduction in your average FTEs during the Covered Period as compared to the baseline period, and whether you qualify for Safe Harbor in the event that you did have a reduction.

« | »