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Why should photographers care about the CARES Act?
- https://www.shootproof.com/blog/why-should-photographers-care-about-the-cares-act/#:~:text=Under%20the%20CARES%20Act%2C%20small%20business%20owners%20like,photography%20businesses%20%E2%80%93%20to%20keep%20employees%20on%20payroll.
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PPP Loan Forgiveness for Photographers - Photography to Profits
- https://photographytoprofits.com/ppp-loan-forgiveness-for-photographers/
- Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30. Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined. The PPP was created by the CARES Act to provide forgivable loans to ...
PPP loans for photographers — Bookkeeping for photographers
- https://www.tidybooksboutique.com/blog/ppp-loans
- Once you apply and receive forgiveness, you (or your bookkeeper) will move the forgiveness amount out of “loans” into an Other income account. For example: PPP loan forgiveness - non-taxable. 3) Determine which of your expenses are eligible for loan forgiveness: 75% spending on payroll costs: Salaries and Wages, health benefits, 401ks.
Why should photographers care about the CARES Act?
- https://www.shootproof.com/blog/why-should-photographers-care-about-the-cares-act/
- One caveat…except for an initial $10,000 grant, you have to pay back this loan. You can apply for both a PPP loan and an EIDL; however, the loans cannot be for the same purpose. Stay home, stay hopeful. “I encourage all photographers to focus their …
Who Can Get the PPP Loan: Learn if Your Small Business …
- https://www.nationalbusinesscapital.com/blog/who-can-get-the-ppp-loan/
- PPP loans are primarily meant for small businesses—not publicly traded companies. To that end, the Small Business Administration (SBA) has limited who can get a PPP loan to companies with 500 or fewer employees—or 300 employees for companies looking to secure a second draw. There’s a line in the sand on what’s considered a small ...
Paycheck Protection Program
- https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
- An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief.
How to Get a PPP Loan Without a Business, Explained
- https://marketrealist.com/p/how-to-get-a-ppp-loan-without-a-business/
- Freelancers can get PPP loans. Yes, freelancers and other self-employed individuals can apply for PPP loans. Even if you are the only employee, you can use your tax return to calculate 2.5 months...
How to Get a PPP Loan if I Start a Business in 2022?
- https://www.moneyvisual.com/loans/how-get-ppp-loan-start-business/
- On December 27, 2020, Congress passed a bill renewing funding under the CARES Act, adding up $284 billion for striving small businesses of the U.S. There are few amendments made in the PPP loan processing and forgiveness. A hike in eligible PPP applicants increased forgivable expenses and streamlined the application process.
FAQ for PPP Borrowers and Lenders
- https://www.sba.gov/document/support-faq-lenders-borrowers
- Get federal and state tax ID numbers; Apply for licenses and permits; Open a business bank account; Get business insurance; Manage your business; Manage your finances; Hire and manage employees; Pay taxes; Stay legally compliant; Buy assets and equipment; Marketing and sales; Stay safe from cyber threats; Prepare for emergencies; Recover from ...
A Freelancer’s Guide to Paycheck Protection Program …
- https://www.thepennyhoarder.com/make-money/side-gigs/paycheck-protection-program/
- 5. Be Cautious About Applying for PPP Loans if You’re Getting Unemployment. Another area of uncertainty: whether you can get unemployment benefits as a freelancer and also have a PPP loan. Remember: If you’re a freelancer, you’re using at …
Third-Round Paycheck Protection Program (PPP)
- https://www.investopedia.com/your-guide-to-the-paycheck-protection-program-ppp-and-how-to-apply-4802195
- A third round of Paycheck Protection Program (PPP) loans was authorized by the passage of H.R. 133: Consolidated Appropriations Act, 2021 into law on Dec. 27, 2020. First-Draw PPP loans were ...
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