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VIEWPOINT: Amended Compensation Rule and Eligible Nonpayroll Costs for PPP forgiveness

VIEWPOINT On Aug. 24, the U.S. Small Business Administration (SBA) issued guidance on the Paycheck Protection Program (PPP) pertaining to employee-owner compensation and nonpayroll costs eligible for loan forgiveness. Here is a rundown of the particulars. Payroll costs — owner-employee compensation  The SBA stated that individuals with an ownership of less than 5 percent of […]

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