While the PPP Loans were distributed with the goal of helping small businesses during the COVID-19 crisis, many larger companies with significant resources have made headlines for participating in the program and making it more difficult for smaller businesses to obtain funds. The disclosure released information on the businesses that received the loans, the loan amount, and the number of jobs supported. Small Business Administration (SBA) and the Treasury Department released data on their Paycheck Protection Program (PPP) Loans. In order to qualify for the PPP loan amount received, Woodson, Sayers, Lawther, Short, Parrott & Abramson LLP's 2019 payroll expenses are estimated to be at least $535,354.On July 6, 2020, the U.S. On the PPP application, Woodson Sayers Lawther Short Parrott & Abramson LLP reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Woodson Sayers Lawther Short Parrott & Abramson LLP in Salisbury, NCįor Woodson, Sayers, Lawther, Short, Parrott & Abramson LLP, the calculation used to estimate payroll costs is shown below:īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Woodson Sayers Lawther Short Parrott & Abramson LLP's 2019 payroll expenses are estimated to be at least $385,032.īased on their reported 9 jobs retained, this equals an estimated average yearly compensation of $42,781 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.

Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. SES - Senior Executive Service Pay Calculatorįor Woodson Sayers Lawther Short Parrott & Abramson LLP, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator.

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