Im a S-corp and I usually write myself a check (or transfer into my personal) every 2 weeks. My accountant wants to switch to a monthly payroll schedule because since the forgivness loans arent clear, he wants that extra 2 weeks to get clarification. He says that the bank wont know that we used to have a bi-weekly payroll (as it based on last years 940 and 941) last year. I hear what he is saying but I also dont want to rock the boat with something unusual (monthly payroll not as common as bi-weekly, maybe they will ask for last year bank statements?).
Am I overthinking this? Is it better to wait and just do a monthly payroll and get clarification? My PPP loan was funded 2 weeks from tomorrow so if Im going to insist on a bi-weekly I need to cut a check tomorrow.