Make Your PPP Life Easy by Knowing What Eligible Expenses to List

Описание: Well some other PPP changes that people have been talking about is we now have clear guidance that we don’t need to list every eligible expense on your PPP forgiveness form. We were concerned that you might have to have a very complete form to have it accepted by the SBA. All you need to do is show you have enough expenses to cover your forgiveness. Now that means if you think about it your loan is for 2.5 months of payroll, you have 5.5 months of time to cover those 2.5 months of payroll. For most of our clients payroll alone will cover everything. You may want to stick to just payroll because then you get to submit a lot fewer forms of documentation. Make life easy on you. Make life easy on your banker. Maybe you just list payroll to cover your PPP forgiveness.