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Old 05-08-2020, 12:11 PM
 
26 posts, read 20,491 times
Reputation: 15

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My wife works for a dental office. They closed and my wife was advised to file for unemployment what she did. We have been receiving unemployment and the $600 stimulus every week. We just found out that her employer received a PPP loan and is now going to pay them vacation pay.

What does this mean?
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Old 05-09-2020, 01:13 PM
 
26 posts, read 20,491 times
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Will we have to pay the UI back?
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Old 05-09-2020, 09:00 PM
 
16 posts, read 4,978 times
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Can someone please explain what the original user asked? What does "Her employer received a PPP loan and is now going to pay them vacation pay" mean?

I'm on unemployment right now in California and my boss is waiting to hear back if she's been approved for that small business loan in order to keep her business going/pay her employee (me). I think it's a 10K loan she might not even have to pay back if approved...

To be honest, I hope she doesn't get the loan because I'd rather stay on unemploymement for the next 3 months and get the base rate of $167 (I'm an independent contractor) + the $600.
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Old 05-09-2020, 09:36 PM
 
100 posts, read 20,210 times
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In ny state it would mean no more unemployment
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Old 05-10-2020, 11:45 AM
 
216 posts, read 89,949 times
Reputation: 59
Quote:
Originally Posted by GoldenRetriever80LA View Post
Can someone please explain what the original user asked? What does "Her employer received a PPP loan and is now going to pay them vacation pay" mean?

I'm on unemployment right now in California and my boss is waiting to hear back if she's been approved for that small business loan in order to keep her business going/pay her employee (me). I think it's a 10K loan she might not even have to pay back if approved...

To be honest, I hope she doesn't get the loan because I'd rather stay on unemploymement for the next 3 months and get the base rate of $167 (I'm an independent contractor) + the $600.

Is what you're receiving from Unemployment more than what she paid you? If she does get approved, she'd have to spend 75% of the $10K on paying her employees for 8 weeks in order for it to be forgiven. Also, I believe she'd have to bring you back on by June 30 as well for the loan to be forgiven.



Though, she may not be penalized if you reject an official offer to come back to work since this is happening to a lot of employers getting PPP. That said, she will have to notify the bank (& federal govt) that you rejected an offer of work which would technically DQ you from UI (once they figure it all out).
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Old 05-10-2020, 03:15 PM
 
1,716 posts, read 492,584 times
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Quote:
Originally Posted by El Titere View Post
Yeah, but that poster is an "independent contractor", which is an unknown - as they haven't traditionally been eligible for UI in the past. I don't know how that business owner is even going about trying to submit for a PPP loan without actual payroll.
I wondered the same thing since looks like OP is collecting PUA rate (so I was assuming that he was an indpendent contractor).. or else OP doesn't have enough earnings in base period to get regular UI and that's why on a PUA claim. I guess more details from OP would be needed before making that assumption.
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Old 05-10-2020, 05:41 PM
 
16 posts, read 4,978 times
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Quote:
Originally Posted by Milezsmilez View Post
Is what you're receiving from Unemployment more than what she paid you? If she does get approved, she'd have to spend 75% of the $10K on paying her employees for 8 weeks in order for it to be forgiven. Also, I believe she'd have to bring you back on by June 30 as well for the loan to be forgiven.



Though, she may not be penalized if you reject an official offer to come back to work since this is happening to a lot of employers getting PPP. That said, she will have to notify the bank (& federal govt) that you rejected an offer of work which would technically DQ you from UI (once they figure it all out).
Yes. She used to pay me $540 a week and has started paying me $67.50 a week this week.

Unemployment pays me $767 a week.
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Old 05-10-2020, 05:45 PM
 
16 posts, read 4,978 times
Reputation: 10
Quote:
Originally Posted by El Titere View Post
Yeah, but that poster is an "independent contractor", which is an unknown - as they haven't traditionally been eligible for UI in the past. I don't know how that business owner is even going about trying to submit for a PPP loan without actual payroll.

If I was that poster, I would simply ignore contact from that former contract.
I've been working for my boss as an assistant for the past 4 years as an independent contractor although it should really be W2 but whatever.

She's an agent, I am her employee, so it technically is a business and she's applied for a loan in order to keep me on and pay me. I'm sure the fact that she doesn't have to pay back the loan is a big motivator for her.
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Old 05-10-2020, 05:47 PM
 
16 posts, read 4,978 times
Reputation: 10
Quote:
Originally Posted by scraprsmith View Post
I wondered the same thing since looks like OP is collecting PUA rate (so I was assuming that he was an indpendent contractor).. or else OP doesn't have enough earnings in base period to get regular UI and that's why on a PUA claim. I guess more details from OP would be needed before making that assumption.
I am an independent contractor. I haven't had a W2 in years!
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Old 05-10-2020, 09:53 PM
 
203 posts, read 40,919 times
Reputation: 88
Quote:
Originally Posted by GoldenRetriever80LA View Post
Yes. She used to pay me $540 a week and has started paying me $67.50 a week this week.

Unemployment pays me $767 a week.
You can still collect unemployment. Just make sure you put that amount in when you're filing your biweekly claims. You're allowed to make a certain amount while still collecting unemployment, without it affecting your WBR.
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