Hi Ami - the 12/2 post seems to have disappeared. it had a helpful link to the PPP search database. can you repost the 12/2 message?
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Laurie Aaronson
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sharing knowledge
PPP Loan Amountssharing knowledge
PPP ForgivenessIn today's Aminar, Ami indicated that an owner of multiple businesses which each receive a PPP loan cannot take up to 100K of comp and have it forgiven from each biz. rather, he/she can take a max of 15,385 over the 8 week period from all entities combined. Or rather, take 15,385 from one entity's PPP loan but then cannot get any payroll forgiven from the other entity's PPP loan.
I have not seen this anywhere in the guidance/interim ruling. Can anyone point me to this? i'm sure it is there - i just cannot find it!
TY!
I have not seen this anywhere in the guidance/interim ruling. Can anyone point me to this? i'm sure it is there - i just cannot find it!
TY!
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