Yes please tell us which taxes are required to pay for the PPP loan. I read somewhere that part of FORGIVENESS criteria, in addition to payroll is requirement to pay STATE and LOCAL taxes.
Q: under original PPP forgiveness criteria was for 8 weeks only, meaning only had to prove paid state & located taxes for one quarter, now with 24 month requirement we have to pay DOUBLE the tax on same amount of loan and provide proof paid taxes on PPP for both quarters?
Yes please tell us which taxes are required to pay for the PPP loan. I read somewhere that part of FORGIVENESS criteria, in addition to payroll is requirement to pay STATE and LOCAL taxes.
Q: under original PPP forgiveness criteria was for 8 weeks only, meaning only had to prove paid state & located taxes for one quarter, now with 24 month requirement we have to pay DOUBLE the tax on same amount of loan and provide proof paid taxes on PPP for both quarters?
Q: is it possible to use PPP as originally intended, in 8 weeks, and then request forgiveness? Or have to expand use of money for entire 24 months?
Q: if allowed to submit payroll documents directly, what documents as proof are accepted for forgiveness?
Q: can we submit payroll documents or is it only allowed directly from payroll company?
Q: if loan is used 100% on payroll is 100% of loan forgiven?