After much confusion, it's now clear that self-employed individuals who have no employees, and therefore no actual payroll expenses, can qualify for full PPP loan forgiveness by simply paying themselves - now called Owner Compensation Replacement. The amount that can be forgiven is based on your 2019 net self-employment income and can be up to 100% of the loan amount. The Owner Compensation Replacement will be considered as income, so it's not very compatible with unemployment benefits or Pandemic Unemployment Assistance (PUA). An interim final rule issued by the SBA on August 24th allows for the self-employed to use up to 2.5 months' worth of their loan proceeds over a 24-week covered perio
With our world being turned upside down by COVID-19, virtual art festivals are trying to help fill the gap between now and when we can meet in person. I understand that the artist experience at these events varies widely. While they can never take the place of an in-person festival, the fact is to have ANY sales, you need to put much more effort into attracting your clients to the event. For festivals that are not using an inclusive e-commerce system (Eventeny, Booth Central, etc) but allow the artist to manage all sales from their own websites - keep the following in mind. E-commerce website. Your website may not be enough! If you don't already have an ecommerce website, there are a number
