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/ 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.

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