Archive for September 2020
SBA RELEASES UPDATED GUIDANCE REGARDING PPP TREATMENT OF OWNERS AND FORGIVENESS OF RENT
Last week the SBA issued additional guidance regarding who is considered an owner for purposes of determining compensation that is eligible for forgiveness as well as the types of rent that are considered qualifying nonpayroll costs. Owners Owners of C or S Corporations with less than a 5% interest will be exempt from the owner-employee…
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