Accountants continue to be puzzled when it comes to forgiving loans from the Paycheck Protection Program. Even more uncertainty lies ahead for independent contractors and the self-employed.
Further, the 75/25 guideline fails to consider self-employed people in areas with high rents, said Katie Vlietstra, vice president for government relations at the National Association for the Self-Employed.
The SBA anticipated that primary costs for self-employed people would be paying themselves, according to its April 20 interim final rule.
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