SBA Issues Clarification of "Payroll Costs," Applicability of Affiliation Rules and Answers Other Questions
Last updated April 7, 2020
The Small Business Administration and the U.S. Department of the Treasury continue to release guidance for businesses seeking forgivable loans under the Paycheck Protection Program. The most recent guidance, last updated on April 6, 2020, consists of frequently asked questions addressing topics such as the applicability of the affiliation rules and the proper calculation of payroll costs. The complete list of frequently asked questions can be found here.
CSG will continue to track any guidance that may be issued in connection with the Paycheck Protection Program and provide updates. If you have any questions regarding the Paycheck Protection Program or other federal and state economic assistance programs, please reach out to your CSG attorney.
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