CARES Act Breakdown for Individuals & Other Tax Updates - Shared screen with speaker view
has the meeting started? I cannot hear the audio
Yes he started
I’ll troubleshoot on my end. Thank you
Did you get the new meeting id?
we will also post on website
Can the business owner apply for unemployment if the business is closed?
What if you’re laid off in 3 months? 6 months? How long will the extended benefits be available?
mike look at your slack
can an individual collect unemployment if their pay was cut in 1/2?
Once we actually receive the PPP loan. Due to the rules of the loan, what happens if an employee would rather take the UI money plus the $600?
Do you believe there will be more businesses opening up the PPP applications? Should we apply with loan originators that say they are passing on to multiple lenders?
1. My boss receives K1's for his companies (mostly residential construction or investment opportunities ) can he apply for PPP or what is the best route for him?
2. We have heard different answers from several people regarding 1099 employees and PPP loans. My understanding is you can not use 1099 for PPP loans but my boss is hearing you can? I know starting tomorrow independent contractors can apply for their own PPP. To me, its double dipping for the employer to get a loan based on 1099 and for independent contractors also getting the loan. IF you only have 1099 employees, what is the best route to take
Do s corp business owners that do not have themselves under 1099 and have a few employees have any way to qualify based upon last years 1099 paid to others for loans?
If you get commissions and dividends from a S corp do receive a 1099?
guidelines for individual ppp loans are determined by your bank. wells fargo has theirs up today
may have misread it. but that's how i understood it
if you pay retirement proceeds for year 2019 during the first eight weeks of the note will those amounts be forgiven