What to Learn about the newest Paycheck Safety Program, Round A couple – Basic Mark PPP Fund

What to Learn about the newest Paycheck Safety Program, Round A couple – Basic Mark PPP Fund

Which have particular conditions, qualifications for Second Mark PPP Fund are governed by the same affiliations legislation (and you may waivers) as First Draw PPP Finance (see Matter 7 of our article

  • NAICS Rules: For purposes of reporting NAICS codes, applicants must match the business activity code provided on their IRS income tax filings, if applicable. For purposes of calculating an applicant’s maximum payroll costs, an applicant may multiply its average monthly payroll costs by 3.5 only if the applicant is in the Accommodation and Food Services sector and has reported a NAICS code beginning with 72 as its business activity code on its most recent IRS income tax return. Continue reading “What to Learn about the newest Paycheck Safety Program, Round A couple – Basic Mark PPP Fund”