Can someone please clarify how the payroll dates work for the PPP loan. Do we go by Check Date or when the payroll was accrued? Example: My client received his PPP loan on Friday April 17th. He pays every two weeks. Friday, May 1st is his check date, but the payroll period is 4/12 – 4/25. Can I use all of the May 1st checks to go against the PPP loan or only 1 week of that check run? Thank you in advance!
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Can someone please clarify how the payroll dates work for the PPP loan. Do we go by Check Date or when the payroll was accrued? Example: My client received his PPP loan on Friday April 17th. He pays every two weeks. Friday, May 1st is his check date, but the payroll period is 4/12 – 4/25. Can I use all of the May 1st checks to go against the PPP loan or only 1 week of that check run? Thank you in advance!