HR Resources from ADP
Here are some helpful resources from the HR and Payroll experts at ADP
Loan Forgiveness Checklist
Guidance on loan forgiveness is evolving and rules may change, so check with ADP for updates. To help you maximize the forgivable amount, consider these steps:
In the 8 weeks following receipt of the loan...
- Maintain staffing levels
- *If applicable, reverse any reductions in staffing levels by June 30, 2020
- Maintain pay levels
- **If applicable, reverse any reduction to an employee's pay by June 30, 2020
- Only use the PPP loan for permitted uses
- Spend the loan proceeds, or incur qualifying costs, within 8 weeks of loan receipt
- Use at least 75% on payroll costs during the 8 weeks after loan receipt
- Click here for the detailed checklist.