July 23, 2020
We have reasons to not want certain wages to be considered for PPP forgiveness. For example, we may want only $6,000 of an employee’s wages considered for forgiveness, even though the employee earned $10,000 in the Covered Period. Can we do this and still use the $10,000 amount paid as the basis for the various reduction factors?
Posted by Armanino Financial Advisory Team
Without speculating on your reasons, the answer is no.