PPP Forgiveness Update - Maximize Forgiveness on Compensation for Owners {FREE DOWNLOAD}

The SBA and Treasury released an interim rule on June 22 that clarified the maximum forgiveness for owner compensation. This further clarified that each entity type would be calculated differently. Interim Rule is here: https://home.treasury.gov/system/files/136/PPP--IFR--Revisions-to-Loan-Forgiveness-Interim-Final-Rule-and-SBA-Loan-Review-Procedures-Interim-Final-Rule.pdf

In this video we go through how to calculate the max forgiveness amounts for owners of Sole Proprietors (Schedule C), Farms (Schedule F), General Partnerships, C-Corps, and S-Corps.

In the spreadsheet shown, the calculations are done for you - you just need to fill in your 2019 compensation!

Download the spreadsheet and find other Small Business PPP Resources here: http://learn.claracfo.com/
To book a time to talk about your PPP Loan go here: https://claracfo.as.me/claritysessions
Find us at: https://claracfo.com/

💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! https://claracfo.com/QBO

🙋‍♀‍Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: https://claracfo.com/gusto

💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! https://claracfo.com/melio

(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Clara CFO Group, LLC or its members cannot be held liable for any use or misuse of this content.

Видео PPP Forgiveness Update - Maximize Forgiveness on Compensation for Owners {FREE DOWNLOAD} канала Clara CFO Group