Tag: PPP

Sole Proprietors, PPP Loans and Home Office Expenses

The August 27th Interim Final Rules seem to allow a sole proprietor to include home-office expenses toward loan forgiveness. This is in direct contradiction to the April 14th IFRs which say home-based expenses DON’T count. Here is what the latest IFR says, regarding home-based businesses: “(T)he borrower may include only the share of covered expenses [...]
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Sole Proprietors, PPP Loans and Home Office Expenses

The August 27th Interim Final Rules seem to allow a sole proprietor to include home-office expenses toward loan forgiveness. This is in direct contradiction to the April 14th IFRs which say home-based expenses DON’T count. Here is what the latest IFR says, regarding home-based businesses: “(T)he borrower may include only the share of covered expenses […]

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