An interesting point to consider
Employers needed the “hire back” furloughed employees, to qualify for loan forgiveness.
But they can fire them again in August, but keep the money borrowed.
So, the theory is that this money is to hold them over until an expected recovery later this summer, and that the money will be spent on prior employees.
Reality may be different, such as not spending the money and limited clawback attempts. Also, not sure if there will be any recourse for hiring different / new employees.
will be interesting
sportsguy
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