Small Business Advice Coronavirus Loans

A Complete Guide to PPP Loan Forgiveness for the Self-Employed

Posted by:
Mark Peterson from MN Field Trip Library & EXPO

Mark Peterson

Highly recommended
MN Field Trip Library & EXPO
7 Questions answered
Answered on August 16th, 2020
  1. I have 6 part-time contract individuals who work for my firm on an hourly basis as needed. They should qualify, right?
3 Replies
Tony D'Anna from Let's Walk Chicago
Tony D'Anna from Let's Walk Chicago
Aug 16th, 2020

They could have qualified for PPP for themselves individually. You can not use 1099 earnings paid for your Business’ PPP.

Lisa Keyser from LMK Web Services
Lisa Keyser from LMK Web Services
Aug 16th, 2020
No, you can't include amounts paid to contractors. I have several part-timers too, but can't include their pay.
Mario Sgroi from ADP - Astoria / Long Island City / Queens
Mario Sgroi from ADP - Astoria / Long Island City / Queens
Aug 17th, 2020
Mark - feel free to give me a call...more than happy to help with this. Changes were made to allow bother owners pay and 1099 contractors to be included in the PPP Loan Funds xxx-xxx-xxxx
Tony D'Anna from Let's Walk Chicago
Tony D'Anna from Let's Walk Chicago
Mario, Please share. As a business owner, you need to provide a schedule C or W-3 for your payroll to qualify. What 'changes' are you referring which include payments to contractors (1099's)?
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