What is transportation utility under PPP?

“Transportation Costs” means transportation utility fees, not employee transportation costs like fuel. Under the CARES Act, forgivable uses of PPP funds include payroll costs, interest on any covered mortgage obligation, covered rent obligations and covered utility payments.

What qualifies as utilities for PPP loan forgiveness?

What counts as a utilities expense? Business expenses on electricity, gas, water, transportation, telephone, or internet access are eligible uses of PPP funds and qualifies for forgiveness.

Is cell phone considered a utility for PPP?

Utilities are the last qualified expense under the PPP program. These are described by the SBA as phone, internet, gas, water, electricity, etc.

Is car gas considered a utility?

“and business utility payments (e.g., the cost of electricity in the warehouse you rent or gas you use driving your business vehicle).” The SBA, at least for Schedule C filers, consider gas used in a business vehicle as being a utility. So the bottom line is that gas is a utility according to the SBA.

What are the types of utilities?

There are mainly four kinds of utility: form utility, place utility, time utility, and possession utility.

Is fuel considered a utility?

What type of expense is gasoline?

Yes, you can deduct the cost of gasoline on your taxes. Use the actual expense method to claim the cost of gasoline, taxes, oil and other car-related expenses on your taxes.

What are considered utility bills for PPP?

The following are all considered forgivable utilities expenses for the PPP:

• Electricity.
• Water bill.
• Gas.
• Sewage.
• Telephone (cell phone and landline)
• Internet bill.
• Transportation costs.

What are the 5 types of utilities?

There are five types of different utilities that can be generated for a consumer by a firm. These are: form utility, task utility, time utility, place utility, and possession utility.