Towards , the fresh new You.S. Business Administration approved a meantime Finally Signal bringing additional pointers with the Salary Defense System (PPP) observed within the CARES Work. That it Meantime Last Code pills the newest Interim Final Signal granted towards the , and primarily contact issues encountered because of the care about-employed somebody also particular qualifications questions against all sorts out of entities.
When it comes to mind-working anybody, the fresh new Interim Latest Laws:
- Clarifies you to definitely worry about-working someone (for example separate designers and you will just people) qualify to possess PPP money provided like private (i) was a student in procedure with the , (ii) got mind-work earnings, (iii) his/their principal place of home is in the us, and you will (iv) he/she submitted otherwise commonly file a Form1040 Agenda C getting 2019.
- Notes you to lovers will most likely not submit a unique PPP loan application on their own given that care about-employed some one. As an alternative, new SBA has minimal a partnership and its particular partners in order to an excellent single PPP app, and also the notice-a position income out of standard productive couples could be said due to the fact payroll costs, as much as $100,000 annualized, towards the instance software.
- Brings detail by detail information to possess figuring the quantity thinking-working people with or instead of teams is borrow and you can facts the latest permissible uses off PPP mortgage proceeds. (більше…)