Hi everybody! First wanted to thank everybody in the community for all your help during these difficult times. The forum and the webinars really have been a life saver for my practice! I am planning to apply for PPP forgiveness for my pediatric office soon as I have chosen the 8 week period due to the headcount during this period being higher compare to the 24th week. My question is I heard the IRS issued a new guidance regards to eligible cost for the PPP loan which includes “Expenditures to suppliers that are essential at the time of purchase to the recipient’s current operations”. I was wondering if this would include vaccine purchases for my office as it is essential for my operations. The language seems a little vague so just wanted clarification. Though I do meet the 60% payroll expense, even with utilities, rent and other eligible expenses, I am having a hard time using up all the funds. Thank you for your guidance.
Below is a link to the website regards to the eligible expense changes