SBA / Treasury FAQ – 32. Does the cost of a housing stipend or allowance provided to an employee as part of compensation count toward payroll costs?

Compliance > CARES Act
Q:  Does the cost of a housing stipend or allowance provided to an employee as part of compensation count toward payroll costs?
 
A:   Yes. Payroll costs includes all cash compensation paid to employees, subject to the $100,000 annual compensation per employee limitation.
 
 
This Q&A was based on information contained from the Treasury Department’s April 2020 issuance “Paycheck Protection Program Loans, Frequently Asked Questions,” which has been updated from time to time.  This CARES Act / SBA / PPP related issuance may be found here:  https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf
 

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