Hi everyone...Joe

Can we have a copy of this presentation

for the EIDL interest fixed or vaiable

Hello! I'm a 1099 doc but I get everything through my S corp. Should I apply for the PPP through the S corp?

Can you send us a link to apply for EIDL loan?

if you need to review and think about it and email me back - please feel free. Kritika.salooja@gmail.coj

*com

I missed the part about franchise. As Pearle Vision franchise owner, am I considered a franchise for PPP loan?

for the eidl I applied on the 1st and haven’t seen the $10K worry?

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%?

ok perfect. thank you!

You may have mentioned this, but is there any "forgivable" loan where the retention credit can be used in combination?

To clarify, can we apply for EIDL & PPP for the same company?

can you confirm the time that the 8 weeks starts for the PPP - when you receive funds, or when you start “using it”

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?

opened December 13, 2019– which can I apply for?? Can I do ETRC?

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?

EIDL funds can be used for anything within operation of the business

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?

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.

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

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?

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?

So when we calculate the Average Monthly Payroll we don’t use gross- should we use net pay

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.

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?

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?

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?

From ADP

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

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?

Has the stock market bottomed out yet?

Thank you Dr. DeLoach & BJ! :)

gotta go get a drink! thanks so much!!!

🍷