Independent Contractor Earnings Limitations
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I expect to be funded for Round 2 however my vendor has asked that I work a limited schedule as opposed to 100% layoff in 2019 during Round 1 funding.
Are there guidelines as to how much independent contracting/1099 income I could earn during the 24 week PPP funding period?
I read one CPA firm suggested it is not wages and the full amount could be a “draw” or”commission” implying a one-time use of funds.
Thank you.
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