July 23, 2020
We know that employees who receive legitimate offers of employment and choose not to return do not count against the employer’s FTE count, but we also need to return payroll dollars to February 15, 2020 levels. How will that be calculated to qualify for forgiveness?
Posted by Armanino Financial Advisory Team
An employee who refused an offer to return to work goes into Table 1 of the Schedule A Worksheet at the bottom as an FTE Reduction Exception, which means you do not have to calculate a Salary Reduction Factor for those exceptions.