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Houston Harbaugh Blogs. SBA Factors Excessive Guidance on Concise Explanation Of “Owner-Employees” For PPP Individuals

Houston Harbaugh Blogs. SBA Factors Excessive Guidance on Concise Explanation Of “Owner-Employees” For PPP Individuals

On tuesday (August 24) the SBA supplied another Interim end guideline (the “8/24 Rule”) in the salary safeguards course (PPP). This guideline to some extent produces even more information regarding concept of “Owner-Employee” underneath the PPP. The version alters the latest premise that many PPP applicants had in regard to this type of meaning and will lead to changes in their unique forgiveness software. This Alert elaborates on the brand-new formula as well as its effects and the takeaways for PPP applicants and their advisors. (more…)

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