The Hartford Business Journal featured Tax Partner Michael Maksymiw in its Ask the Expert column, focused on PPP loan forgiveness.
Hartford Business Journal
A sole proprietor with no employees only has to wait until the end of their covered period to apply for and receive 100% forgiveness. If you are self-employed and have employees, your forgiveness would be based on your 2019 Schedule C (for the owner) and the qualified costs paid during the covered period, subject to the same potential loan reductions as other employers.
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