September 4, 2020

The Hartford Business Journal featured Tax Partner Michael Maksymiw in its Ask the Expert column, focused on PPP loan forgiveness.

Hartford Business Journal

The Hartford Business Journal featured Tax Partner Michael Maksymiw in its Ask the Expert column, focused on PPP loan forgiveness. Paycheck Protection Program

Excerpt:

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.

Click here to read a PDF version of the article >>

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