Article Date:
July 2020

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Government Clarifies PPP Loan Forgiveness for the Self-Employed

How much is clarity worth?


A lot, a whole lot.


And how much is making things easier worth? Of course, it’s a lot, a whole lot, too.


In this article, we explain both the new (a) clarity and (b) easy road to Paycheck Protection Program (PPP) loan forgiveness for the self-employed with no employees. Get ready to smile.


New Easy Road to 100 Percent Forgiveness


Say thanks to the Paycheck Protection Program Flexibility Act of 2020.1 This new law creates a 24-week period for you to spend your PPP loan proceeds.


If you obtained your loan proceeds before June 5, you can elect to use the eight-week period to ... Log in to view full article.

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