It is my understanding that for PPP2, the business can use either 2019 or 2020 payroll numbers. For most, the 2019 numbers will produce a higher loan amount.
A client of mine said, they do not want to use 2019 because they have reduced their employee headcount and they will need to restore the headcount to the 2019 headcount numbers in order to get full forgiveness. Is that how that would work?