SBA issues PPP Guidance on laid-off employees who refuse to be rehired
Businesses that received Paycheck Protection Program (PPP) loans can exclude laid-off employees from loan forgiveness reduction calculations if the employees turn downa written offer to be rehired, according to new guidance from the U.S. Small Business Administration (SBA), which warned that employees who reject offers of reemploymentmay find themselves ineligible to continue receiving unemployment benefits. […]
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