COVID-19 regulatory and tax updates
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Self-Employed Farmers Need SBA Guidance Now!
The SBA has not provided guidance for self-employed farmers. We believe that SE farmers with gross receipts that exceed $100,000 automatically qualify for a $20,833 loan and review other items we need guidance on.
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Big Unknowns on Loan Forgiveness
Farmers might be surprised on how little of their PPP loan may be forgiven. We review how that might happen. Is that the intent of Congress?
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How Much of Your PPP Will be Forgiven?
We start to review how PPP loan forgiveness will be calculated and some of the issues.
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What Are Payroll Costs
A reader asks what payroll taxes count for the PPP loan and we recap what counts or does not count.