Purpose of the PPP

Let's start with some #PPP basics.

The whole point of the PPP was to help keep employees employed.

If you think through that lens, it's easier to understand the guidance from the SBA and Treasury.

❗️ Important: You need to have at least 60% of the money spent on payroll costs, and then not more than 40% of the money to be spent on other non-payroll costs.

This clip originally aired at a workshop hosted by The CFO Leadership Council as sponsored by Upside Financial.

To learn more about how #UpsideFinancial can help with PPP forgiveness, visit https://upsidefinancial.com/

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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group.

Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

Видео Purpose of the PPP канала Clara CFO Group