FTE Safe Harbors and Reduction Exemptions Explained - Maximize your PPP forgiveness with these tips
One of the most complex parts of the Paycheck Protection Program (PPP) has been understanding the rules around reduction in headcount. Full time equivalents (FTEs) are very important when it comes to maximizing PPP forgiveness. What do you need to know to make sure you get the maximum amount of your loan forgiven?
In this video we cover:
- safe harbors that allow you to use the 3508 EZ form
- 3508 form safe harbors
- FTE reduction exemptions if you don't qualify for other safe harbors
- Lookback periods - and when they matter
Don't get caught taking a reduction for reasons that can be exempt!
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO
🙋♀Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: https://claracfo.com/gusto
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
If you want to explore Clara CFO Group, find us here: https://claracfo.com/
If you want to schedule a time to talk with Hannah (the one in the video) about your business, do that here: https://claracfo.as.me/claritysessions
#PPP #PPPLoanforgiveness #PPPforgivenessapplication #claracfogroup
Don't forget to subscribe to our channel for future updates: https://bit.ly/3kZV63w 🎯
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 FTE Safe Harbors and Reduction Exemptions Explained - Maximize your PPP forgiveness with these tips канала Clara CFO Group
In this video we cover:
- safe harbors that allow you to use the 3508 EZ form
- 3508 form safe harbors
- FTE reduction exemptions if you don't qualify for other safe harbors
- Lookback periods - and when they matter
Don't get caught taking a reduction for reasons that can be exempt!
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO
🙋♀Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: https://claracfo.com/gusto
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
If you want to explore Clara CFO Group, find us here: https://claracfo.com/
If you want to schedule a time to talk with Hannah (the one in the video) about your business, do that here: https://claracfo.as.me/claritysessions
#PPP #PPPLoanforgiveness #PPPforgivenessapplication #claracfogroup
Don't forget to subscribe to our channel for future updates: https://bit.ly/3kZV63w 🎯
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 FTE Safe Harbors and Reduction Exemptions Explained - Maximize your PPP forgiveness with these tips канала Clara CFO Group
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