Complimentary Book Preview Money-Smart Solopreneur
There’s been an amount that is tremendous of by small enterprises running as single proprietors and wanting to get a Paycheck Protection Program (PPP) loan. In order to make matters more serious, numerous bankers and loan officers have already been overrun by the wide range of applications, the rate associated with the stimulus roll away and sporadic SBA guidance regarding protocol for single proprietors.
Then there’s the historic, perpetual confusion provided South Dakota flex installment loans by numerous associated with self-employed concerning the distinction between separate contractors and workers. Unfortunately, each one of these facets converged simultaneously throughout the month that is past which makes it extremely tough for small-business owners to make use of precisely when it comes to PPP — and lots of have actually merely quit attempting to use.
My hope is always to offer some quality for single proprietors across America desperately wanting to obtain a PPP loan ahead of the cash runs away. Let’s begin by obtaining a few facts out up for grabs before continuing.
Key Principles for the Self-Employed
Being a completely independent specialist means you will be a small-business owner or single proprietor.
Receiving more than one 1099s constitutes being a separate specialist.
Each year as an independent contractor or sole proprietor, you would file a Schedule C with your 1040 tax return. Continue reading “Self-Employed With No Workers? You are able to Nevertheless Get Yourself a PPP Loan”