Employer contributions to health insurance plans and retirement plans
And more
PPP funds used for payroll and other compensation expenses are still restricted to a maximum of $100K on an annualized basis per employee.
PPP Loan Forgiveness Form Now Available for $150,000 Loans
During the first round of stimulus funding, 3508EZ forgiveness application forms for PPP loans were available only to those small businesses that had gotten loans of $50,000 or less.
Considering the lengthy duration of the ongoing pandemic, small businesses have been clamoring for additional aid to help see them through the winter months. To help streamline access to that aid, Congress has made it easier for businesses to apply for up to $150,000 in loan forgiveness.
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