Last year, self-employed individuals who conducted their business without any employees could qualify for a Paycheck Protection Program (PPP) loan in an amount equal to approximately 20.8% (2.5 ...

If Moxley were able to apply for a second-draw loan according to her gross income, she would be eligible for the maximum a self-employed entrepreneur might receive under the new formula–that is ...

Self-Employed Would Get a Bigger Slice of Remaining $51 Billion in PPP Under New Bill Lawmakers introduced the bipartisan PPP Flexibility for Farmers, Ranchers, and the Self-Employed Act.

Under the SBA’s guidance, the starting point for calculating a self-employed individual’s PPP loan is “Line 31, Net profit or (loss)” of the taxpayer’s 2019 Form 1040, Schedule C.

Over 26,000 Payroll Protection Program (PPP) funding were given to small businesses in Kansas, but for many self-employed businesses, the money has never come.

Key Concepts for the Self-Employed Being an independent contractor means you are a small-business owner or sole proprietor. Receiving one or more 1099s constitutes being an independent contractor.

• How the self-employed can use PPP funds. For the self-employed, permissible uses for PPP funds include “owner compensation replacement” based on 2019 net profit, according to the guidance.

It was not until April 10 that the U.S. Small Business Administration opened the portal for self-employed individuals and partnerships to apply for loans under the Paycheck Protection Program (PPP).