PPP and payment of non-payroll costs - Spidell

PPP and payment of non-payroll costs

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Message Board PPP and payment of non-payroll costs

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    • #267249
      Anonymous
      Member

      i understand that you can get forgiveness for non-payroll expenses such as rent that are incurred in the forgiveness period as long as they are paid in the “next billing cycle”.  Do you know the definition of “next billing cycle”…if i pay June rent on July 31 and my 8 weeks was up on 7/3, would i get to include it in the 8 week forgiveness application?

    • #267259
      William Dewberry
      Participant

      How about going with the 24 week period and keeping things simple

    • #267296
      Anonymous

      because we are expecting to lay off some staff now and don’t want to get forgiveness reduced for that

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