PPP loan forgiveness wage calculation - Spidell

PPP loan forgiveness wage calculation

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Message Board PPP loan forgiveness wage calculation

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    • #259463
      Nancy L. Reynolds
      Participant

      A Sub S shareholder did not take his salary in April for cash flow reasons. He received his PPP loan May 8 and paid his April salary May 11. Will that be included in the forgiveness calculation or will it be omitted because it was incurred prior to receiving the loan?

    • #260132
      Sandy Weiner
      Participant

      I believe it would be omitted because it was incurred prior to receiving the loan.

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