Hey Small Business Owners...What are you doing to ride the storm out?

[mililo4cpa]

Originally Posted by RINGLEADER

This is my question — do they calculate it based strictly off payroll or does it include freelancers/people who get 1099s.

I believe the answer to this is that you cannot include 1099s in your calculation of average payrolls to determine the amount you can borrow for PPP....

The reasoning is that independent contractors and sole proprietors can apply for their own PPP, so in a way, that would be "double dipping" if the business also included those payments....