Call us on

PPP Loan Forgiveness Updates By Sanjiv Gupta CPA

  Sanjiv Gupta CPA  Published 
  • 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.