Brehm, CPA LLP reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Gene A. Brehm, CPA LLP's 2019 payroll expenses are estimated to be at least $103,200.īased on their reported 4 jobs retained, this equals an estimated average yearly compensation of $25,800 per employee 1 Reported PPP Proceed Usage: In order to qualify for the PPP loan amount received, Gene A. 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).
#GENE MARKX CPA FULL#
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. Tevah Gevelber, Skylar Iosepovici, Lisa Li, Geireann Lindfield-Roberts, Gene Lu, Alexandra Ali Martinez, Lara Mikhail, Margaret Nesi, Katharine Orchard.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. He owns The Marks Group PC, a 10 person financial and technology firm based near Philadelphia. Gene Marks is a past columnist for both The New York Times and The Washington Post. Brehm, CPA LLP, the calculation used to estimate payroll costs is shown below: Gene Marks CPA is a columnist, author, and small business owner. Speaker: Gene Marks, CPA, business owner, author and business columnist. SES - Senior Executive Service Pay Calculatorįor Gene A. Gene, a certified public accountant, is the author of five books on business management and provides commentary regularly on Fox News, Fox Business, ABC Radios.FWS - Federal Wage System Pay Calculator.
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