CIRCULATION DRAFT OF SECTION 457 REGULATIONS …

Q: I got funding on my ppp loan on April 23, 2020. and my first payroll close to that date was from 5 April to 18 April and checks delivered to employees on 24 April, 2020. All of employees cashed their checks after 24th April. Does that fall in PPP loan term? A: Yes, it should provided the cash went out after the cash came in for the PPP loan. ................
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