Paying yourself as a sole proprietor, independent contractor, schedule C filer, or self-employed person has been a confusing point for those who received PPP loans. But it doesn't have to be complicated!
In this video we go over how to pay yourself both functionally and some strategy to think about as you decide on your covered period length. This video can be applied to Sole Proprietors, Independent Contractors, Gig Workers, Self Employed, Farmers, and Partnerships.
The "PPP1 and PPP2" tab of this spreadsheet can also be helpful in calculating your best timeline to pay yourself: [ Ссылка ]
Need help filling out your PPP forgiveness 3508S form? Hannah did a training on how to fill out and calculate your PPP Forgiveness - it's available for only $47 here: [ Ссылка ]
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! [ Ссылка ]
🙋♀Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: [ Ссылка ]
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! [ Ссылка ]
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group.
Find out more about Clara CFO Group at [ Ссылка ]
Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
