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What is the deadline for rehiring or replacing employees for PPP forgiveness?

The deadline for hiring or replacing employees that may have been terminated due to the effects of the pandemic is no later than the end of the covered period that your business chooses for its forgiveness application. In general, to qualify for forgiveness you must retain the employees who were employed by your company at the time of the onset of the pandemic, and you must rehire or replace employees who were terminated in order to qualify for full forgiveness.