I see the many topics re: getting funds out to S Corp shareholders (draw, dividends, wages), and problems with fiscal years.
For your typical small S corp with a calendar year, are most of you just reporting the PPP funds as additional income rather than trying to back out payroll and other allowed expenses?
and
We are recognizing the funds in 2020, assuming forgiveness, so we don't have to amend corp returns as well as the shareholders returns too?
Thanks