Archive for June 2020
[6/6/2020] Coronavirus 2019 (Covid-19) Tax Update 6: PPP Loan Forgiveness
Trump Signs New Law Relaxing PPP Rules: What You Need To Know Reduced payroll cost from 75% to 60% At least 60% of your loan must be used for payroll costs. Payment to independent contractors cannot be included in the payroll costs. 24 WEEKS OF COVERAGE Eligible expenses incurred that are to be forgiven was…
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