Um, I just want to say that a lot of people thought that they were a scam, and I personally can tell you for myself, they are not a scam. I just want to share my experience with Blueacorn. It's looking really good, so definitely highly recommended. There's several people I've recommended it to, and so far all of them have started the process and they are actually in the stage where it's gone to the SBA to be, approved. I mean, so far, I've recommended them to probably about maybe say, seven or eight guys that I know that the owner operators, my cousin who's a concrete finisher has his business. Who? Unequivocally? Yes, there's no hesitation whatsoever. Would you recommend Blueacorn to a friend? I'm appreciative, and I just want to say thank you for it. Uh, I'm glad that you guys are doing this for the 1099 contractors such as myself, because it's hard to navigate with big businesses getting these loans and the smaller ones who need it, we can't get it. So I want to say thank you to Blueacorn your whole support team. I'm telling you, it's the best decision you could ever make. It's not gonna be a computer generated email, Give them a chance. If you have anything, any questions, send them an email, you know, on the spot where they have that you can send them, you know, contact, they will contact you back. So I would say, Go ahead – use Blueacorn It'll be the best thing you've ever done. And, you know, they don't want to be inundated with calls and they have that way that puts them behind and getting the process done, You know, for everything else. Uh, there wasn't a phone number because it's a you know, a smaller company. And like I said, they email you all the time. You just… I cannot say how happy I am to say that I went ahead and gave Blueacorn a chance and went through their process. About a week and a half later, I woke up on a Saturday morning and the funds were in the account. Like I said, 5-7 minutes, I uploaded a few things and I was done, After that it was just a matter of waiting to find out, you know? And they send you emails daily, and they let you know the whole process on what's going on.
So it's not like you've got to guess to try to figure out “”Oh, am I doing this right?”” “”Am I doing that wrong?”” But it was just a seamless process. You know, they walk you through the whole thing. Um, but it was so easy in less than, you know, 5 to 7 minutes, the whole process was done, and I was just like, man, there's no way that it can't be real. I decided I said, Well, maybe, maybe not. So when I saw that, you know, it was on their ad through Facebook. I applied for the PPP loan through Blueacorn, and it was by far the easiest thing and the best decision I ever made.
#Blue acorn ppp loan login driver
I'm an owner / operator, truck driver for those who don't know what it is. After your PPP covered period, you’ll resume collecting unemployment benefits.What was your impression of the Blueacorn PPP Process? The Owner Compensation Replacement are going to be considered to be income for unemployment purposes, so it’s not very compatible with unemployment benefits or the PUA. How does PPP Loan work with PUA or unemployment benefits? Until further guidance is published, we recommend working under the idea that you simply will got to report the claimed OCR as income on your 2020 income tax return. While the CARES Act indicates that forgiven PPP amounts aren’t taxed and may be treated sort of a tax-free grant, this may change in the future. Is a PPP Loan for Self-Employed considered taxable income?
#Blue acorn ppp loan login free
With the updated guidance allowing 2.5 months’ worth of net income as OCR, meaning your entire PPP loan might be used for private purposes-essentially free money. Is a PPP Loan basically free money?Įssentially, Yes! For the purposes of the PPP Loan, you are considered the employee and your loan amount is used to pay yourself.
#Blue acorn ppp loan login full
When you complete the EZ Forgiveness application, you’ll enter the full loan amount on Line 1. There are no special conditions for self-employed people to follow. you’ll simply transfer the full loan amount to your personal checking account . How much am i able to claim?Īssuming your PPP loan didn’t include other payroll expenses, this amount covers your entire PPP loan. The maximum amount is $20,833. Usually these are Sole Proprietors, Independent Contractors and owners of Single Member LLC’s. Who gets automatic PPP Loan forgivenessĪnyone who applied for their loan using their Schedule C can file for automatic forgiveness.
Here are the main points on full loan forgiveness for self-employed people up to $20,833. In light of latest PPP guidelines, self-employed people and independent contractors now get the whole loan forgiven automatically.
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