Which Paycheck Protection Program Expenses Are Eligible for Forgiveness?
Many small businesses must rely on payroll-protection loans to keep workers on board during the coronavirus pandemic—and they need to carefully plan and track their spending if they intend to apply for loan forgiveness. SHRM turned to Patrick Dennison for insight on what employers need to keep top of mind when participating in the loan program.
Patrick says: "Remember that the intent is to keep people on payroll and to support the ongoing operations of your business. Employers should take a conservative approach while keeping the intent of the loan program in mind.”
To read the full article, visit SHRM.