PPP Loan Forgiveness Updates By Sanjiv Gupta CPA
Sanjiv Gupta CPA
1 Year Ago
- If you are an Independent contractors or self-employed than you can apply up to eight weeks of your pay based on their 2019 income tax return or $15,385 — whichever is the lesser — toward forgiveness.
- Please do note that your retirement plan contributions and health insurance premiums aren’t forgivable unless your business has employees.
- You may choose to borrow less than the maximum amount allowed.