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Is an Officer of a Corporation An Employee? Axis Legal ...

    https://axislc.com/public/is-an-officer-of-a-corporation-an-employee/
    Jul 02, 2019 · For a corporation, including a C Corp. and an S Corp., generally, officers are considered employees of the corporation, if they’re being paid to provide services rendered. An officer of a corporation is the person who handles the day-to-day affairs of the organization. So for example, the president who oversees the staff and activities of the business, the secretary who keeps track of the corporation’s records, and the treasurer or CFO who manages the corporation’s …

PPP Update: Two New Rules for Owners of S and C Corporations

    https://barefootaccounting.com/2020/09/01/ppp-update-two-new-rules-for-owners-of-s-and-c-corporations/
    Sep 01, 2020 · The S corporation’s payment for health insurance is not eligible for additional forgiveness for S corporation employees who have a 2 percent or more stake in the business (including for employees who are family members of an owner of 2 percent or more of the business, under the family attribution rules of the tax code),5 because those ...

How to calculate your maximum PPP loan amount for S or C ...

    https://www.womply.com/blog/how-to-calculate-your-maximum-ppp-loan-amount-for-s-or-c-corporations/
    Please note: The corporation’s 2019 IRS Form 941 and state quarterly wage unemployment insurance tax reporting form from each quarter (or equivalent payroll processor records or IRS Wage and Tax Statements), along with the filed business tax return (IRS Form 1120 or IRS 1120-S) or other documentation of any retirement and health insurance ...

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