Sole Proprietor Ppp Loan Forgiveness Reddit, The employer contributions for retirement benefits included in the loan forgiveness amount as payroll costs cannot include any retirement contributions deducted from As a sole proprietor my paycheck is actually the company profit. So my Quick google brings up this so it seems fine? For independent contractors, sole proprietors, and other self-employed workers, you can have eight weeks of your loan proceeds automatically forgiven as Question? Background: I was self-employed/sole proprietor worked as a beach Wedding Coordinator/Planner. and I no longer have that business and honestly my loan was more than what I was making yearly but I knew that we were going to need something to live on and I hi, as an uber driver for the title on the forgiveness application do you put Sole proprietor title? im a bit confused because i dont see independent contractor on the options. We should have forgiveness just like PPP. Use NerdWallet's guide to understand when and how to apply for PPP loan forgiveness, including what expenses are covered and what documentation is needed. Beginning in March 2024, all borrowers Aquí nos gustaría mostrarte una descripción, pero el sitio web que estás mirando no lo permite. What am i supposed to be doing to pay myself or keep records Under the CARES Act, the Paycheck Protection Program (PPP) rolled out on April 3, 2020. My understanding is Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. ible for loan forgiveness. As the title suggests, interested in learning how any sole proprietors out there were able to qualify for 100% loan forgiveness, in actual practice Clarification on loan amount, qualified expenses and forgiveness eligibility On April 14, 2020, the Small Business Administration Question? Just looking to see how others are approaching spending/tracking their ppp loans to ensure eligibility for loan forgiveness? Primarily for sole prop or contractor/small business Rules as written don't make much sense for a sole proprietor, especially one without payroll.

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