APRIL 6, 2020
After the additional guidelines Treasury and the Small Business Administration (SBA) issued on Thursday, the AICPA-led small business funding coalition, in conjunction with the National Payroll Reporting Consortium (NPRC), has recommended the Gross Payroll approach should be used when calculating the Average Monthly Payroll cost for the Paycheck Protection Program (PPP) application. Details from the AICPA recommendation can be found below:
https://www.aicpa.org/press/pressreleases/2020/aicpa-coalition-recommends-ppp- applicants-use-gross-payroll-approach-in-calculations.html
If you have questions about this or any questions about the PPP application process, please reach out to your Brown Edwards professional. We are here to help.