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Dorothy Kolb
Asked a question 5 months ago

I have a client who had strategically planned to let go 3 employees at end of Q1. Then COVID. She got a PPP loan, but is being seriously dinged because of the lower headcount over 2019 - even though this had been planned and was not related to COVID. Any suggestions on how to navigate the forgiveness piece? Her loan is now almost entirely NOT forgiven because of the reduction in headcount.

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