Hey everyone self-employed in the United States, and particularly authors! If you did not get first draw PPP loans, you are still eligible to get a first draw PPP loan right now.

What you need if you file a Schedule C:
(*) Your 2019 tax returns
(*) Enough spoons to file paperwork now and again in a couple of months
(*) A good-faith belief that COVID impacted your business
There are a lot of places you can go.

BlueVine is one of them:

https://t.co/4PBkJFew4o
If you DID get a first round of PPP, and you had ONE QUARTER in 2020 where you made 25% less than the corresponding quarter in 2019, you can apply for a second round of PPP.
This requires that you keep good records. At a minimum, hopefully you had all your income deposited into a bank account that you use JUST for your business.
If you don’t already have an accounting system that allows you to run reports, you can filter transactions on your bank account by deposits / quarter and download to a spreadsheet to compare.
What you can get as a Schedule C employee:

Look at Line 31 of Schedule C. Divide by 12. Multiply by 2.5.

That is how much you can get as a *forgiveable* loan.
It is money that costs a handful of spoons. The amount you get may not be worth it to you, and that’s okay! And it may be worth it to others, and that may also be okay.
ALSO. This is available to you even if you have other full-time employment.

I know there are a handful of people who follow me who get $$ off speaking fees and are hurting.

If you file Schedule C, you are eligible.
Do you think you deserve this as much as the Ayn Rand institute? Then don’t shame yourself by saying, “well, I think I can muddle through; it’ll be tight but I can manage.”
For those asking about what the forgiveness application looks like, this is the latest form so you can see in advance.

https://t.co/6DsktQZqHS
You may be wondering what “payroll costs” means for you, a Schedule C employee who doesn’t pay payroll.

Here’s an explanation.

https://t.co/jO9ddGDt5k
As long as you give yourself the money you get from the government, and elect the 24-week period, you will get all of it forgiven. All you have to do is put the amount of your loan in “payroll costs” and set everything else to zero.
You can all do it! I believe in you!

https://t.co/yq4eSRiQg3

More from Society

We finally have the U.S. Citizenship Act Bill Text! I'm going to go through some portions of the bill right now and highlight some of the major changes and improvements that it would make to our immigration system.

Thread:


First the Bill makes a series of promises changes to the way we talk about immigrants and immigration law.

Gone would be the term "alien" and in its place is "noncitizen."

Also gone would be the term "alienage," replaced with "noncitizenship."


Now we get to the "earned path to citizenship" for all undocumented immigrants present in the United States on January 1, 2021.

Under this bill, anyone who satisfies the eligibility criteria for a new "lawful prospective immigrant status" can come out of the shadows.


So, what are the eligibility criteria for becoming a "lawful prospective immigrant status"? Those are in a new INA 245G and include:

- Payment of the appropriate fees
- Continuous presence after January 1, 2021
- Not having certain criminal record (but there's a waiver)


After a person has been in "lawful prospective immigrant status" for at least 5 years, they can apply for a green card, so long as they still pass background checks and have paid back any taxes they are required to do so by law.

However! Some groups don't have to wait 5 years.

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