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Hey #TX21! The @USTreasury released an updated FAQ about the Paycheck Protection Program. You can find it here:
https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequenty-Asked-Questions.pdf …
Also, remember #TaxDay is now extended to July 15!https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed?fbclid=IwAR1MTr9HlH9qgWeFwauTUwax7PKNByPHMbLl9Vyf_ffiqzlxv803FImfcAg …
Do we have to have ees on payroll 8 wks prior to June 30? When does the 8 weeks click start ticking?
What about our personal expenses? We dont qualify for UI.
We don't know when govt will allow us to open our doors. How can we pay ees just to have them go back on UI because we run out of funding?
Some biz essential and didnt miss a beat, others adjusted biz model to bring in sime revenue. Others required to close with zero options. All getting access to taxpayer money. No proof of gap in revenue. That's why we will run out of funds so quickly.
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