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Bj Avery's Zoom Meeting - Shared screen with speaker view
joewd
01:22:26
Hi everyone...Joe
wj
01:22:27
Can we have a copy of this presentation
Jameshawley
01:22:29
for the EIDL interest fixed or vaiable
Kritika Salooja
01:22:45
Hello! I'm a 1099 doc but I get everything through my S corp. Should I apply for the PPP through the S corp?
drlis
01:22:48
Can you send us a link to apply for EIDL loan?
Kritika Salooja
01:23:38
if you need to review and think about it and email me back - please feel free. Kritika.salooja@gmail.coj
Kritika Salooja
01:23:40
*com
catherine
01:23:44
I missed the part about franchise. As Pearle Vision franchise owner, am I considered a franchise for PPP loan?
Nadia Sledge
01:23:48
for the eidl I applied on the 1st and haven’t seen the $10K worry?
Brave Optical
01:24:07
On the EIDL, if you also apply for the PPP, do you get the 250% + $10,000? If so does the 75% for payroll stipulation only apply to the 250%?
Kritika Salooja
01:24:12
ok perfect. thank you!
Leanne Perry
01:24:26
You may have mentioned this, but is there any "forgivable" loan where the retention credit can be used in combination?
drlis
01:25:28
To clarify, can we apply for EIDL & PPP for the same company?
Natalee Frie
01:26:10
can you confirm the time that the 8 weeks starts for the PPP - when you receive funds, or when you start “using it”
Leslie Pacer
01:27:13
As an LLC, are we considered a partnership when filling out any loan applications. I don't believe we are considered a corporation. I was applying for NYS Unemployment and became confused. Do I understand this correctly?
Don Talley
01:28:12
opened December 13, 2019– which can I apply for?? Can I do ETRC?
Nadia Sledge
01:28:39
wrt using it within the 8 wks, maybe a tricky question, but if we start shortened hours and of course less payroll and then as we get back up to speed within that 8 wks, can we “bonus” out the difference?
Jameshawley
01:28:41
EIDL funds can be used for anything within operation of the business
Brave Optical
01:30:57
To clarify my earlier question on PPP & EIDL.....for example if 250% of one month payroll is $50k, can we get $60k if we also apply for an EIDL?
GLTON
01:32:01
I just received a message from ADP that states they are now going to allow you to add federal employee taxes into your PPP calculation. Have you heard of this yet? It was just emailed to me a half hour ago.
Pearle Vision
01:33:23
we are currently open for emergency appointments only with no business, is it better to close the office and safe the $$ for payroll when we reopen? I am a franchise owner with sublease OD
pearlequincy
01:33:57
Our office is only open for emergency care and we laid off licensed opticians except me, owner. In our state we hope to open fully 1st week of May..should I wait to apply till end of April?
Pat Martin
01:36:15
I am filling out my PPP application and they ask for number of employees. Are they asking for overall employee headcount or for the Full time employee number?
pearlequincy
01:36:41
So when we calculate the Average Monthly Payroll we don’t use gross- should we use net pay
Leanne Perry
01:37:04
Example: So if we reduce hours, all of our 10FTE's we started with go down to 10 Part time employees (so then 5FTE's) we essentially would not qualify for the PPP forgiveness because we were still at 50% at the end of 8 weeks.
Natalee Frie
01:37:15
I’m approved (haven’t accepted yet) for a PPP but don’t know if it’ll be enough $$, I applied for EIDL before PPP but still haven’t heard anything. Can I still be eligible for EIDL if I accept PPP?
Brave Optical
01:37:42
Still not sure I am clear, asking another way. If 250% of one month's payroll is $50k, can I get that from PPP, PLUS $10k from EIDL? Or does the EIDL $10 reduce the PPP amount?
Brave Optical
01:42:00
What if we do not reduce employees' pay, but they earn 2% commission. Commission will be less due to reduced volume? Does that count against us?
GLTON
01:43:38
From ADP
GLTON
01:43:50
Hi,Based on some changes made by the federal government late last week, ADP® has made a change in the method of calculating "payroll costs" in a report that you ran in RUN Powered by ADP® (RUN) for purposes of applying for a SBA loan under the Paycheck Protection Program (PPP), a provision of the CARES Act.At the end of last week, the federal government issued guidance regarding PPP loans that included a change in treatment of federal employment taxes (i.e., FICA and Medicare) and federal income taxes of employees withheld by the employer when calculating payroll costs. As a result, ADP has been working non-stop to update the payroll cost reporting tool in RUN to include these federal employment and income taxes in the calculation of payroll costs. The updated report is now live for your use.What you need to do:As a result of this change in the method of calculation, you may be eligible for a higher PPP loan amount than if you ran a report before 4:00 am EST on April 6, 2020 and utilized the payroll co
Brave Optical
01:46:31
What if we do not reduce employees' pay, but they earn 2% commission. Commission will be less due to reduced volume? Does that count against us?
Tim
01:48:40
Has the stock market bottomed out yet?
drlis
01:48:50
Thank you Dr. DeLoach & BJ! :)
Natalee Frie
01:51:39
gotta go get a drink! thanks so much!!!
Don Talley
01:51:53
🍷