YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The Small Business Administration has officially weighed in on using Paycheck Protection Program funds to pay for bonuses after speculation on the topic.
SBA officials say bonuses, hazard pay or other extra compensation can be doled out to employees but not owners.
Bonuses can be given out – and forgiven – as long as the employee's total salary does not exceed $100,000 on an annualized basis, according to the SBA.
Read more from the Washington Business Journal.
Springfield event venue Belamour LLC gained new ownership; The Wok on West Bypass opened; and Hawk Barber & Shop closed on a business purchase that expanded its footprint to Ozark.