Technical topics regarding tax preparation.
27-May-2020 9:24am
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I have a client who has 2 group of employees. one group is paid biweekly and the other monthly. DO you see any issue marking both periods in the application for forgiveness?
27-May-2020 9:42am
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There's a lot of verbage on the form about what's allowed. I was surprised to read that you can actually allocate unpaid comp as long as it's paid as usual the end of the period. I have a lot of once a month pr folks....so they can allocate the # of days to the loan date in that last month as long as it is paid as usual at month end. It's moot for most since they max out the 15k for the 8 weeks anyway.
27-May-2020 3:05pm
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