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.