Newest unofficial guidance and update about the employee retention credit (ERTC) with PPP forgiveness coordination making previous videos somewhat obsolete until further guidance is given.
wondering if you can use the excess (wages paid over $10,000) that can not be used for ERC & apply those excess wages paid to the PPP Forgiveness amount?
so sorry for late reply and yes, of course, you should be able to use all the PPP within your recovery period while also taking most if not all of PPP but just keep in mind the ERTC qualification is a little more stringent
wondering if you can use the excess (wages paid over $10,000) that can not be used for ERC & apply those excess wages paid to the PPP Forgiveness amount?
so sorry for late reply and yes, of course, you should be able to use all the PPP within your recovery period while also taking most if not all of PPP but just keep in mind the ERTC qualification is a little more stringent