Summary

Towards , the little Business Government given additional laws and regulations linked to the fresh new Income Security Program (PPP). The fresh new freshly given rules provide clarification and you may pointers to have thinking-operating anybody (plus separate contractors) looking to a good PPP financing. Below are a leading-peak post on trick servings of this new laws. Yet not, it summation is none exhaustive nor an entire research of these newly given guidelines. The full text message of your the new laws can be found right here:

Qualifications for people which have Thinking-A position Earnings (Sole Owners & Independent Builders)

Those with care about-work earnings (in addition to separate contractors or sole owners) have been operating on and you can just who recorded (otherwise commonly file) Agenda C employing 2019 government taxation yields are eligible to possess individual PPP loans. Read more