PPP loan borrowers face moments of truth:  Which covered period to choose?  The slow throttle 24 weeks or rapid-fire 8?  When can the forgiveness app be filed? When should the forgiveness app be filed? Need you wait 24 weeks to file for forgiveness? What if there’s a drop in employee pay or headcount? How to know when a drop in pay or headcount endangers forgiveness or not?
 
There’s one way to answer all of these daunting PPP questions: via the study of cases and examples. If you plow through the right examples, you’ll get the hang of it. Patterns will emerge and so will your successful navigation through the PPP forgiveness maze. 
 
We’ll guide you through the right moves for forgiveness through examples:

• Sole proprietor without (or with) employees – How long to wait 


• General partners with SE income from the partnership – Right moves to make 


• S and C Corp owners – How exactly to compute compensation for forgiveness


• Consequences of choosing 24 vs. 8 weeks period


• Working examples of the drop in salary or wages / Timing of safe harbor


• Working examples of drop-in headcount (full-time employee equivalents (FTEEs))


• Application of each of seven drop-in headcount safe harbors


• Computing average pay and headcount for multiple testing periods


• Taking the mystery out of “odds and ends” fact patterns


• How to file your forgiveness app early and put it to rest