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PPP Loan Forgiveness General Information
Retirement
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Disallowed Costs or Costs Not Included in Payroll Costs
Forgiveness Reduction Factors & Salary Reduction Calculation
FTE Reduction Factor
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Effect of Layoffs / Furloughs
Safe Harbor for Forgiveness Reduction Factors
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Applying for Forgiveness
Auditability of the Loan
Definitions
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Deductibility of Expenses
Length of the Covered Period
Start Date for the Covered Period
Forgiveness Threshold
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Other
Payroll Tax Deferral
Other CARES Act Loans
PPP Loan Forgiveness
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Support Center
FTE Reduction Factor
Portal Login Support
PPP Loan Forgiveness Documentation
PPP Loan Forgiveness Eligibility
PPP Loan Forgiveness Payment
Allowable Expenses (Payroll Costs)
PPP Loan Forgiveness General Information
Retirement
Mortgage and Other Debt
Rent and Other Lease Expenses
Utilities
Self-employment
Disallowed Costs or Costs Not Included in Payroll Costs
Forgiveness Reduction Factors & Salary Reduction Calculation
FTE Reduction Factor
Baseline Period
Calculation Approach
Exclusions
Effect of Layoffs / Furloughs
Safe Harbor for Forgiveness Reduction Factors
Safe Harbor for Demonstrating Need for the Loan
Applying for Forgiveness
Auditability of the Loan
Definitions
Calculations
Deductibility of Expenses
Length of the Covered Period
Start Date for the Covered Period
Forgiveness Threshold
Loan Repayment
Other
Payroll Tax Deferral
Other CARES Act Loans
PPP Loan Forgiveness
FTE Reduction Factor
Our work week is 35 hours and we consider that full-time. Do we still need to use 40 hours as an FTE?
What are the minimum hours worked in a week to be considered an FTE?
Do employees need to work 38 hours per week to be considered an FTE?
Why do employees have to work 40 hours to be considered full time? On the ADA anything over 30 hours is considered full time.
I still do not understand what an FTE is. We have no “part time” employees.
Is 21 hours a week considered full time?
Is an employee who regularly works 37.50 hours per week considered a 1.0 FTE?
Do employees who take unpaid vacation during the Covered Period reduce the FTE calculation since they were working less than 40 hours per week?