Practice Management

The PPP Flexibility Act seems to open up an opportunity to achieve more loan forgiveness for employees earning over $100,000 per year.  With the extension of the Covered Period from 8 to 24 weeks, I would think that would allow forgiveness of up to $46,154 of payroll ($100,000/52x24=$46,154) rather than the cap of $15,385 that was in place for the 8-week period.  Does anyone else see it this way?

Thanks for your input!

John

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John E. Pugh
Pugh Healthcare Business Advisors
P: 609.644.4479 F: 609.503.2476

The PPP Flexibility Act seems to open up an opportunity to achieve more loan forgiveness for employees earning over $100,000 per year.  With the extension of the Covered Period from 8 to 24 weeks, I would think that would allow forgiveness of up to $46,154 of payroll ($100,000/52x24=$46,154) rather than the cap of $15,385 that was in place for the 8-week period.  Does anyone else see it this way?

Thanks for your input!

John

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John E. Pugh
Pugh Healthcare Business Advisors
P: 609.644.4479 F: 609.503.2476

Good morning John,

That's exactly my interpretation.

Mark

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The PPP Flexibility Act seems to open up an opportunity to achieve more loan forgiveness for employees earning over $100,000 per year.  With the extension of the Covered Period from 8 to 24 weeks, I would think that would allow forgiveness of up to $46,154 of payroll ($100,000/52x24=$46,154) rather than the cap of $15,385 that was in place for the 8-week period.  Does anyone else see it this way?

Thanks for your input!

John

---

John E. Pugh
Pugh Healthcare Business Advisors
P: 609.644.4479 F: 609.503.2476

The PPP Flexibility Act seems to open up an opportunity to achieve more loan forgiveness for employees earning over $100,000 per year.  With the extension of the Covered Period from 8 to 24 weeks, I would think that would allow forgiveness of up to $46,154 of payroll ($100,000/52x24=$46,154) rather than the cap of $15,385 that was in place for the 8-week period.  Does anyone else see it this way?

Thanks for your input!

John

---

John E. Pugh
Pugh Healthcare Business Advisors
P: 609.644.4479 F: 609.503.2476

The PPP Flexibility Act seems to open up an opportunity to achieve more loan forgiveness for employees earning over $100,000 per year.  With the extension of the Covered Period from 8 to 24 weeks, I would think that would allow forgiveness of up to $46,154 of payroll ($100,000/52x24=$46,154) rather than the cap of $15,385 that was in place for the 8-week period.  Does anyone else see it this way?

Thanks for your input!

John

---

John E. Pugh
Pugh Healthcare Business Advisors
P: 609.644.4479 F: 609.503.2476

The PPP Flexibility Act seems to open up an opportunity to achieve more loan forgiveness for employees earning over $100,000 per year.  With the extension of the Covered Period from 8 to 24 weeks, I would think that would allow forgiveness of up to $46,154 of payroll ($100,000/52x24=$46,154) rather than the cap of $15,385 that was in place for the 8-week period.  Does anyone else see it this way?

Thanks for your input!

John

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John E. Pugh
Pugh Healthcare Business Advisors
P: 609.644.4479 F: 609.503.2476