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COVID-19 PPP Loan Forgiveness Webinar and Update for Self-Employed Individuals.

Prepared by our Seattle Latino Chamber Lawyer: Jeff Liang (www.ling-liang.com)
A MUST see guide to the SBA CARE act application process .
COVID-19 PPP Loan Forgiveness Webinar and Update for Self-Employed Individuals.
1. PPP Loan Forgiveness Webinar.  Here’s a link to the PPP Loan Forgiveness Webinar recorded May 9:
Part 2 (Self-Employed): https://youtu.be/c3nyLNjFIbo
2. PPP Step-By-Step Guide (Recorded 4/25/20). Here’s a link to the Step-By-Step Guide: https://youtu.be/YKDhKKzZles
3. UPDATE FOR SELF-EMPLOYED INDIVIDUALS.  I am making a correction for self-employed individuals (Hat Tip to James Jantos for pointing out the correction).
The update is that the Max Net Profit Replacement is 8/52nds of what self-employed individuals report on Line 31 of your 2019 Schedule C.  I previously said it was 8/52nds of your PPP loan amount which is incorrect. See the Part 2 video under the PPP Loan Forgiveness Webinar above.  This update means that self-employed can take a significant amount of the PPP loan as Net Profit Replacement.
In addition, I updated the slide deck for the Step-By-Step Guide to replace the slides covering Self-Employed Loan Forgiveness as well (see attached).
If you are receiving a free consultation or a discount for my services, I would ask you to donate the amount of the discount or any amount you would have paid for my services to one of these following organizations:
Schedule your free consultation here: https://lingliang.youcanbook.me/
COVID-19 related issues: Tuesday, Thursday, and Saturday
All other issues: Monday, Wednesday, and Friday
Jeffrey J. Liang | Attorney at Law
Direct:  (206) 462-2884
Fax: (206) 682-7320

Documents  - Right click on mouse to download / view

Presentation 20-05-10 (Business) PPP Forgiveness updated self-employed

Presentation 20-05-10 (Business) PPP step-by-step guide update

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