SBA releases Paycheck Protection details-
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  1. #1
    Senior Member Reputation points: 30747
    Join Date
    Aug 2016
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    486

    Something just crossed my mine... Similar to the way they are doing unemployment benefits. Maybe they can use a similar method with the Sales Tax info.... When I submit my monthly sales tax report, I have to tell them the Gross revenue, then I also tell them how much revenue was taxable... So that means they have a snapshot of how much money my business normal brings in.. Maybe if they would use that info to determine how the virus has impacted your business to then give funds to compensate for the difference in gross revenue..

    PRE Corona monthly revenue $50,000

    POST Corna monthly revenue $1,000.

    Some kind of way they use that info to determine how much help each business needs.

    As gross revenue increases the help is rolled back.
    Last edited by Winning; 04-08-2020 at 03:31 PM.

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