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New PPP forgiveness guidance addresses owner-employee compensation, rent-related costs

Important PPP clarifications issued regarding the definition of owner-employees and eligibility of certain non-payroll costs. The new interim final rule will be helpful for anyone grappling with the thresholds related to their employees who are also owners of the business and those paying rent or mortgage payments to a related party.  Here is a great summary of this IFR from the Journal of Accountancy.

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