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SBA issues PPP guidance on laid-off employees who refuse to be rehired

May 5, 2020

SBA issues PPP guidance on laid-off employees who refuse to be rehired

Paycheck Protection Program recipients calculating loan-forgiveness reductions do not have to factor in laid-off employees who decline a good faith, written offer to be rehired for the same job, pay and hours. Employees who refuse to be rehired might forfeit continued eligibility for unemployment benefits.

 

EIDL portal reopens for agricultural businesses only

The Small Business Administration has reopened the Economic Injury Disaster Loan portal for agricultural businesses only. The SBA says agricultural businesses are now eligible for the EIDL and EIDL Advance programs.

Full Story: Journal of Accountancy online (5/4) 
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