PPP Loan Self Employed, PPP Forgiveness Self Employed

Описание: The calculation for the PPP Loan Self Employed is slightly different from the calculation for Wages and Salaries. Also, the calculation for PPP Forgiveness for Self Employed is a bit different as well.

The payroll portion of the forgiveness is locked in to the net income amount. Whereas forgiveness for wages and salaries is all dependent on how much you pay your employees, how many employees you retain or rehire, etc.

Check out our past videos for information on the EIDL, PPP, HEROES Act, and stimulus check. The House passed the HEROES Act which does include a second stimulus check to individuals. Let's see if Senate passes (it's looking doubtful).

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This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.

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