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As a self-employed person, ca you receive a PPP loan and PUA
As a self-employed person, ca you receive a PPP loan and PUA unemployment at the same time in California, as long as you don't have the payroll portion of the ppp loan forgiven?… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Was wondering if any companies have received official PPP
Hello, Was wondering if any companies have received official PPP loan forgiveness as yet or is the SBA still working on their procedures. Is there a sense of what percent of applications will be grant… read more
Rick
Rick
MBA
11,771 satisfied customers
Tax & PPP questions my business received between 30 and
Tax & PPP questionsHello, my business received between 30 and $50,000 PPP funds, I have some questions, maybe you can help ;)1) as it stands I understand the PPP funds are taxable even if they are use… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
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Payroll for PPP / S-corp owner employee / Retirement] My
Payroll for PPP / S-corp owner employee / Retirement]My situation: A solo S-corp owner employee. I received $9489 for PPP loan at the end of June. I am trying to use the fund dividing in 2 months payr… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,581 satisfied customers
I received a PPP loan as a sole proprietor with no
I received a PPP loan as a sole proprietor with no employees. Can I also apply for PUA unemployment in NV? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,958 satisfied customers
A business receives a PPP loan. It estimates that 88% of the
A business receives a PPP loan. It estimates that 88% of the loan will be spent on payroll during the 8 week period from the date of its receipt & 14% on non-payroll expenses. Please note the 86% is b… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,228 satisfied customers
I am self employeed LLC I am only employee in the eyes of
I am self employeed LLC I am only employee in the eyes of the SBA I freelance other workers when needed. I have been approved for PPP loan 12,980 total 2.5x my average earnings per month. I am also ap… read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,958 satisfied customers
I have a small business and applied for PPP early-on in the
I have a small business and applied for PPP early-on in the process before the initial funds ran out. While waiting I applied for unemployment benefits and ended up getting approved for them. Last wee… read more
Jeff Beck
Jeff Beck
CPA
BBA - Accounting and Business Management
92 satisfied customers
I see My ppp loan can pay 8/52 of annual profit for my
Dear Carter I see My ppp loan can pay 8/52 of annual profit for my compensation. But it is 74.15% of the total loan that does not meet 75% loan to payroll. Will that still be forgiven ? Or I need to p… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
We wanted to reach out regarding the PPP loan program to see
We wanted to reach out regarding the PPP loan program to see when an accountant is available to discuss. We have been granted a promissory note and the lender is ready to fund, but I want to speak wit… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
I need questions answered about the Paycheck Protection
I need questions answered about the Paycheck Protection Program and Federal Disaster Relief loans. … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,228 satisfied customers
I am an Uber driver who has his own single member LLC in TX
I am an Uber driver who has his own single member LLC in TX and file Sch C. I filed for unemployment in TX under the new CAREs act. Can I also apply for PPP (Payroll Protection Program) loan program a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,347 satisfied customers
My wife and I have a Partnership LLC we started in Jan 1,
second opinion] My wife and I have a Partnership LLC we started in Jan 1, 2020. How does the EIDL apply to us?What can we expect to get from this new stimulus program?… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,581 satisfied customers
Need some help with filling out the application form for the
Need some help with filling out the application form for the SBA Paycheck Protection Program. I am a single member LLC, and I also have 3 full time employees. The application asks for average monthly … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,347 satisfied customers
Any information on the SBA if you have a LLC? But not a
Just to know if I'm allowed to apply with me being the owner and only employee of the llc… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,581 satisfied customers
Lane. For Taxpayer who is 100% owner of LLC (files business
Hello Lane. For Taxpayer who is 100% owner of LLC (files business schedule C), what would be considered average monthly payroll to be entered on PPP Application form? Would it be his net income for th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,009 satisfied customers
Lane, for PPP to be forgiven, do you have to keep and pay to
Lane, for PPP to be forgiven, do you have to keep and pay to the same employees or, if original employees left (because they afraid to work due to COVID-19), but new were hired, would that qualify for… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,009 satisfied customers
I don't want my people to wait so that they miss eligibility
I don't want my people to wait so long that they miss eligibility for unemployment, but I don't want them to do unemployment if it disqualifies me from a program that benefits both the company and the… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,581 satisfied customers
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