Some of the critical monthly services of my business are done by contractors i.e. my bookkeeper. would the amount i pay that bookkeeper be part of "payroll" and therefore be forgiven under the Payroll Protection Loan?

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Answered 10 months ago

Awaiting clarification on what constitutes a relationship. If the contractor is just on his / her own - probably but if they have their own business, unlikely.

Liked by Greg Sullo

Cont. from questions below: (1.)If I pay contractors for monthly services, would they count as part of the payroll ... those costs would be forgiven?

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If I was in business in 2019 but only started payroll in 2020, can I use the 2020 payroll to calculate the average monthly payroll for EIDL and PPP application?

Since we will not use the 25% of our PPP loan for required purposes my bookkeeper is suggesting we could give out some ... that by giving employees the bonus?

Some of the critical monthly services of my business are done by contractors i.e. my bookkeeper. would the amount i pay that bookkeeper be part of "payroll" and therefore be forgiven under the Payroll Protection Loan?

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