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Question
PPP
Rishi Khan
CEO Extreme Scale Solutions
Asked a question 3 months ago

Does workers compensation count for PPP forgiveness? I can't find anywhere in the CARES act or PPP FAQ's or forgiveness application.

Where am I?

In Multifunding SBA CoronaVirus Support you can ask and answer questions and share your experience with others!

No.  Workers comp is often included in payroll calculations, but its not part of the program and not part of Payroll Costs* 

If you have a situation where PPP funds are being used to pay workers that are sitting at home, most states WC boards are NOT counting that pay for premium purposes.

The definition of payroll costs excludes employer federal taxes, workers compensation premiums, payments to independent contractors, and payments to employees for leave covered under the Families First Coronavirus Response Act.