"The contents of this material was published on May 19, 2020 and may be outdated and not reflect current facts. This materials should be used only as a reference."
The Paycheck Protection Program loan can be completely forgiven if you spend it on the right things, and if you prove those expenses. However, PPP forgiveness works differently for sole proprietors and independent contractors, the biggest difference being the concept of “owner compensation replacement” which greatly simplifies the loan forgiveness …