For companies who used loans from the Paycheck Protection Program to keep their businesses running and their employees paid, getting the loan forgiven can be a confusing process.
In Bloomgberg Tax, Smolin's very own Nicholas Gutzmer discusses the possible risks and how to prevent them while applying for PPP loan forgiveness.
The article discusses:
- Officer Compensation
- FTE Documentation
- Salary and Wage Deductions
- Expenses Paid with PPP Funds