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| For the FFCRA leave, the employer should have paid out the wages for the qualifying hours. The employer then applied for reimbursement for those wages paid in the form of a tax credit.
PPP was originally an SBA loan designed to help businesses fund payroll for employees. It was initially only for certain businesses, but later expanded scope. Certain businesses were able to apply for loan forgiveness on the loan. The amount of the loan was calculated based on the payroll amount in a specific time period. Businesses with bigger payrolls qualified for larger loans. There were also wage caps for highly compensated executives, etc. PPP was never paid directly to employees. | |
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Question about covid pay....
