Finally, PPP Forgiveness RulesThey’re actually borrower-friendlyPhoto by Ambreen Hasan on UnsplashAfter waiting for 49 days, the big moment has arrived!
While they counted the days until gifts and birthday cake, I silently wondered how many days until PPP forgiveness rules.
The day you receive your PPP loan is the first day of the 56-day (8-week) forgiveness period.
For example, if you pay Jan/Feb/Mar state unemployment tax during the 56-day forgiveness period, will that expense be forgiven?
If you’ve been following PPP rules, you know if you reduce your FTEs, your forgiveness is reduced.

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