ppp loan forgiveness worksheet excel

June 26, 2020 A business, at its election, has either eight weeks or twenty-four weeks to spend the total PPP loan proceeds on payroll costs, mortgage interest, rent, and utilities and only those costs which are well documented will be eligible for forgiveness. Most payroll summary reports include gross pay, adjusted gross pay, net pay, and employer taxes and contributions for each employee. Maintaining the same number of employees on the payroll and rehiring employees who were previously laid off before December 31, 2020, or before the date you submit your loan forgiveness application, whichever comes first. Borrower’s eligibility for the PPP loan and for loan forgiveness, and that the Borrow er’s failure to provide information requested by SBA may result in a determination that the Borrower was ineligible for the PPP loan or a denial of the Borrower’s loan forgiveness application. For each use of the PPP loan funds listed (payroll, lease, mortgage, utilities, etc. (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. This is how you can create a payroll report to simplify the application process. Rev Proc. The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. We've partnered with FINSYNC to offer our customers a PPP Loan Forgiveness calculator, so our business customers can easily track their expenditures of PPP funds, and ensure maximum forgiveness… Using at least 60% of the funds to cover eligible payroll expenses. These documents include, but may not be limited to: For a full list of required information and documentation, see the PPP Loan Forgiveness Application. Applying for PPP Loan Forgiveness •Forgiveness Forms -11 pages •Breaks into five pieces; 1 and 2 must be submitted to Lender: 1. Any employee’s income over $100,000 per year. Certain state and local taxes assessed on compensation. See page 1 of the SBA Application for Forgiveness EZ Instructions 2. STEPS TO COMPLETE PPP LOAN FORGIVENESS APPLICATION BEFORE YOU BEGIN: 1. Among others, these criteria include. Add lines 1, 4, 6, 7, 8, 9 together to calculate your Payroll Costs. Payment receipts, cancelled checks, or account statements showing employer contributions to employee health insurance and retirement plans. Supporting Documents. a. Her work has been published in Forbes, The Huffington Post, and other top-tier publications. You will need this data to figure out the maximum amount you can apply to borrow under the PPP (2.5 times your average monthly payroll cost). • Determine if you qualify for EZ form or need to file the Long Form. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. Compensation for employees who live outside the U.S. Editor’s note: Regulations and guidance from the SBA and the U.S. Department of Treasury on the PPP are evolving rapidly. PPP Schedule A Line Reference: Box 4 Box 5: Owners Compensation Employee's Name Employee Identifier (last 4 digits of their SSN) Cash Compensation (Gross Wages) Paid - do NOT enter more than $15,385 Enter Cash Compensation for 2019 Cash Compensation allowed for PPP Loan Forgiveness ----- Still, employers are required to keep the Worksheet or retain documents that support the information that appears on that worksheet. The employer’s share of certain payroll taxes. Filled in amounts are for illustation purposes … If one or more of those conditions are not true, the PPP Loan Forgiveness Payroll worksheet uses the actual hours as recorded on the payroll check. Employee cash compensation, including salaries, wages, commissions, or similar compensation that don’t exceed $100,000 per year. Total of 5 months. Page 1: PPP Loan Forgiveness Calculation Form Business Legal Name (“Borrower”) DBA or Tradename, if applicable. A Worksheet –FTE Reduction Excel File found below: S:\2 SBA Paycheck Protection Program\5.) VEDA cannot submit Forgiveness Applications to the SBA without including all required supporting documents from the Borrower. 10 ways to access debt relief for your small business. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. Intuit accepts no responsibility for the accuracy, legality, or content on these sites. The uses listed above are ones that may be covered by loan forgiveness and are not the only allowable uses of a PPP loan. PPP loan forgiveness application breakdown. That’s why we’ve created an easy-to-use excel workbook that will help you itemize and calculate the inputs required for your PPP Loan Forgiveness application. She graduated with a degree in English and Journalism from Boise State University. Myranda currently resides in Boise, Idaho, where she runs an Etsy shop selling handmade heirloom quilts. Under the Paycheck Protection Program (PPP), small business owners can apply for approximately 2.5x their average qualified monthly payroll expenses, up to $10 million, to be used for eligible payroll costs and other certain operating costs, including rent, mortgage interest, and utilities. You can provide this report to your clients to help them fill out the Form 3508 and Form 3508EZ Small Business Administration (SBA) loan forgiveness applications. They’ll need to verify the number of employees on the payroll and their pay rates during the loan forgiveness covered period after their loan was disbursed. C Creating a payroll report may help verify these numbers and expedite the auditing process. They will see all of their PPP loans listed. On the following screen, select Apply next to PPP Loan Forgiveness Request . 6 The client is navigated to the application for Loan Forgiveness Requests. Comprehensive research, news, insight, productivity tools, and more. Integrated software and services for tax and accounting professionals. Regulations and guidance from the SBA and the U.S. Department of the Treasury on the PPP are evolving rapidly and the above information may be outdated. This is not official SBA guidance. Creating a PPP payroll report in Excel. Additional information and exceptions may apply. Since our original release, the workbook has been downloaded more than 46,000 times. You can provide this report to your clients to help them fill out the. The rules around forgiveness of PPP loans are changing. It may be easiest to begin by looking for a payroll report template online or within Excel. 2) Start logging your actual expenditures - regardless of how the forgiveness is calculated it wil be applied to your actual expeditures for the 8 week period following the first deposit you receive from your PPP loan. Major Topics. PPP forgiveness calculator – Prior version (5/22/20 – 6/17/20) – Excel Please see our important disclaimer regarding use of the calculator inside the Excel spreadsheet. Use the list of eligible payroll costs to customize the payroll report to your needs. Remember, accuracy is pivotal when it comes to applying for PPP loan forgiveness. When creating a PPP payroll report, you should include eligible payroll costs, including: You should not include the following ineligible costs in your PPP payroll report: For a comprehensive list of eligible costs, visit SBA.gov. The average number of full-time equivalent employees is determined by calculating the average number of full-time equivalent employees for each pay period falling within a month. The calculator is based on existing PPP guidance from the Department of Treasury and Small Business Administration (SBA), as well as additional recommendations added by the AICPA. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. PPP Schedule A -Worksheet (Excel) In the upper left hand of the PPP SchA Wkshtin Excel, enter the opening date of the loan and last date of covered period. File: PPP-Forgiveness … Paid parental, family, medical, or sick leave not covered by the Families First Coronavirus Response Act (FFCRA). Salvador & Babic CPAs have provided some examples of how to apply for a Paycheck Protection Program loan and a worksheet to help understand the PPP loan forgiveness aspect. We're sorry. Please refer to the latest guidance from SBA and Treasury to confirm current program rules and how they apply to your particular situation. If you run payroll manually, you might create a payroll report in Excel. DOWNLOAD THE PPP LOAN FORGIVENESS TEMPLATES. This application has the following components: (1) the PPP Loan Forgiveness Calculation Form; (2) PPP Schedule A; (3) the PPP Schedule A Worksheet; and (4) the (optional) PPP Borrower Demographic Information Form. There are four parts to the regular PPP loan forgiveness application: Schedule A Worksheet; Schedule A; Loan Forgiveness Calculation Form; Borrower Certifications; When you first open the application, you’ll notice that the first page is the Loan Forgiveness Calculation Form. Your online resource to get answers to your product and industry questions. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Schedule A worksheet (p 9) 1. Rul. We’re currently experiencing service issues for contacting Support. – Submit the PPP Loan Forgiveness Calculation Form – Submit PPP Schedule A and Substantiation – Lender has 60 days to review and make a decision; SBA has another 90 days after that. Rent or lease payments in the eight weeks following disbursement of the loan. PPP Forgiveness Worksheet. The excel spreadsheet was built to help businesses manage through the SBA’s Paycheck Protection Program (PPP). SBA PPP Loan Forgiveness Application Schedule A Worksheet Instructions for Excel Template Banner Bank created this Excel template to help you complete your application for Paycheck Protection Program (PPP) loan forgiveness. PPP Forgiveness Application and Attestation (pp 3 & 4) 1. Tentative Loan Forgiveness c) b) MAXIMUM LOAN AMOUNT [Lesser of a) or $10 million] TOTAL LOAN FORGIVENESS [lesser of b) or c) above] BALANCE OF LOAN NOT FORGIVEN (if any) d) Represents the maximum amount a qualifed borrower may have forgiven. If you run payroll manually, you might create a payroll report in Excel. https://quickbooks.intuit.com/cas/dam/IMAGE/A1IcBDz5y/How-to-create-a-payroll-report_featured.jpg, How to create a payroll report for PPP loan forgiveness. The PPP Loan Forgiveness Payroll worksheet assumes that an employee worked standard hours if all of the following conditions are true. Try our solution finder tool for a tailored set of products and services. Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. 2020-27; Rev. We are happy to have worked together to create our comprehensive tool for PPP Loan Forgiveness. This course will address the changes to the PPP Loan Forgiveness Application as a result of the PPP Flexibility Act. Schedule A (p 6) 1. Get the correct payroll report to help you apply for a loan under the Paycheck Protection Program, How to organize payroll for SBA loan forgiveness. The loans are intended to keep employees on payroll and keep small businesses and other eligible organizations in operation. The American Institute of CPAs (AICPA) has created a loan forgiveness calculator (excel spreadsheet download) for the Paycheck Protection Program (PPP) to help resolve outstanding issues with the process.. Your PPP loan is 100% forgivable if you follow SBA forgiveness guidelines. Can you tell us why? NOTE: Yellow highlighted cells represent variables that should be completed with final client data. How much money am I eligible for under the Paycheck Protection Program? PPP loan and forgiveness calculations and eligibility may vary. Business Address/Business TIN (EIN, SSN)/Business Phone/Primary Contact/E-mail Address. Employee compensation of less than or equal to $n,nnn for the nn week period. Please use the Help & How-To Center while we work through these issues. Please read the instructions in the worksheet which indicate how to use the resources as intended. The new ruling and accompanying revenue procedure (Rev. Business utility payments in the eight weeks following disbursement of the loan. (What are standard hours?). It is not necessary to obtain the password to use these documents. How can I spend a Paycheck Protection Program loan? This article currently has 31 ratings with an average of 1.1 stars, How to organize payroll for PPP loan forgiveness, Employee Retention Credits versus the Paycheck Protection Program. Determine if you can use the SBA EZ Loan Forgiveness Application. A cloud-based tax and accounting software suite that offers real-time collaboration. Download PPP Loan Forgiveness Application. The AICPA’s PPP Loan Forgiveness Calculator (a downloadable Excel template) ... A downloadable one-page CNPE Excel worksheet to help you collect and organize your payroll data. Borrowers seeking loan forgiveness for PPP loans can apply for forgiveness through their lenders. Fill out and Upload Excel Worksheet based using instructions provided on worksheet. Post & Schell, P.C. Applicants for a PPP loan must also keep the following documents: Checklist: Documentation that accompanied the PPP loan application; Documentation that supports … Myranda Mondry is a senior content creator for the QuickBooks Resource Center. Corporate technology solutions for global tax compliance and decision making. Connect with other professionals in a trusted, secure, environment open to Thomson Reuters customers only. Specifically, a date range that includes a partial week of 3 or less days will round down, and a partial week of 4 or more days will round up. Readers should verify statements before relying on them. Mortgage interest payments in the eight weeks following disbursement of the loan. Under the PPP, loans up to 2.5x monthly payroll expenses are forgiveable. a. SBA Application for Forgiveness EZ Instructions OR b. SBA Application for Forgiveness Instructions 3. ACCESS. Group healthcare benefits and insurance premiums. Do contractor payments count in my average payroll costs for the calculation of my PPP loan request? Use of this template is optional. Learn more. Please refer to the latest guidance from SBA and Treasury to confirm current program rules and how they apply to your particular situation.The funding described is made available to businesses located in the United States of America and are not available in other locations. 2. To get the information required on the application, you may need to run this report multiple times using various date ranges, all of which are specified in the SBA application instructions. Private and confidential. Option (1) a. Download the Excel Worksheet. | QuickBooks, https://quickbooks.intuit.com/r/coronavirus/ppp-payroll-report/. It may be easiest to begin by looking for a payroll report template online or within Excel. If a section doesn't apply to an employer, it won't display in the report. Our history of serving the public interest stretches back to 1887. This document is to be shared with anyone who needs a simple tool, and walk-through instructions, for calculating loan forgiveness. If you’re unsure of your numbers, it’s always a good idea to check with an accountant or financial adviser and work with your lender. Payroll costs paid in the eight weeks following disbursement of the loan. 2020-51 provides that if a PPP loan recipient did not deduct expenses on their 2020 tax return and some or all of the loan that they were expecting to be forgiven is not forgiven, they may either deduct the expenses on an amended return for 2020 (or, for a partnership, an AAR) or deduct the expenses on their 2021 tax return. Option (2) a. 241.1 KB Download. Additionally, PPP loans may be forgivable, in whole or in part, if certain requirements are met. Note: PPP forgiveness rules have not been published by SBA yet, this is only meant to be a basic illustration. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Refer to the SBA.gov for information about your particular situation. Schedule A instructions (p 5) 3. Download your free PPP Loan Forgiveness Spreadsheet for forgiveness amount calculation, PPP schedule and worksheet, and more to help you apply. Carefully review the SBA Provided Instructions. Intuit does not endorse or approve these products and services, or the opinions of these corporations or organizations or individuals. *This is not a required document and is only to be used to help prepare for the forgiveness application. 's Paycheck Protection Program Loan Forgiveness Tool. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. We recommend all borrowers consult with their bank, legal, financial, and business advisors regarding interpretation and implementation of the loan forgiveness program. The Salaried amount pay item has an amount associated with it on the payroll check. Today, you'll find our 431,000+ members in 130 countries and territories, representing many areas of practice, including business and industry, public practice, government, education and consulting. Business owners using PPP funds to maintain payroll and cover certain operating expenses may not be required to repay their loans if they meet certain criteria. Remember, accuracy is pivotal when it comes to applying for PPP loan forgiveness. She’s passionate about her dogs, '80s rock music, and helping small businesses succeed. We have created a fairly simple spreadsheet tool that we hope will help you with this process. FREE ACCOUNT. Some accounting solutions will allow you to customize what’s included in the report. The CARES Act says PPP loans may be forgiven without any tax consequences. We provide third-party links as a convenience and for informational purposes only. The more you buy, the more you save with our quantity discount pricing. Instructions for PPP Loan Forgiveness Calculation Form . PPP Forgiveness Loan Application Borrower Checklist Page 2 of 2 Borrower steps for completing the Loan Forgiveness Loan Application: 7 Complete Schedule A (3508 Only): 1. Any advance received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act EIDL Emergency Grant program. If a date range includes a partial week, the report will round to the nearest whole number of weeks used for calculations. If a section doesn't apply to an employer, it won't display in the report. To qualify for forgiveness of your PPP loan, you will be required to keep track of exactly how you spend your loan proceeds and will need to provide certification to the Bank, along with verifying documentation, for the 8-week period that commences on the day you digitally sign your loan documents. Application instructions (pp 1 & 2) 2. Most payroll and accounting solutions make it easy to create and run various payroll reports. The PPP Schedule A Worksheet is not required to accompany the PPP loan forgiveness application. The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. Get the most out of your Thomson Reuters Tax & Accounting products. Simply set a date range, select the employees you want to include in your report, and generate the report. This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. For entities with loan funds in … Thursday, April 23, 2020. Maintaining employee salaries and wages and restoring salaries and wages by December 31, 2020, or before the date you submit your loan forgiveness application, whichever comes first. b. The certification documentation provided in the worksheets above allows you to document how and why the PPP loan funds were considered necessary for your company. Forgiveness Underwriting. Once you’ve calculated your Payroll Costs (line 10), enter the total on Line 1 of the PPP Loan Forgiveness … Applicable laws may vary by state or locality. Select Initiate Forgiveness On This Loan for the loan you would like to request forgiveness. DWH staff is available for further support. For use by Union Bank only. Accordingly, the information provided should not be relied upon as a substitute for independent research. Review the PPP Forgiveness Application Form; Review the EZ Application Form; Interim Final Rules An employee working 40 hours or more will be 1.0 FTE. Enter the same business name used on your PPP application, which should be identical to the name you use on your tax returns. If calculations have already been made, numbers can be plugged directly … Application Instructions; VEDA PPP Forgiveness Checklist Important Forgiveness Information. Don’t forget to bring additional payroll documentation that you may need to apply for loan forgiveness. For more details about the Paycheck Protection Program, as specified in the CARES Act, see the PPP Borrower Information Fact Sheet (from home.treasury.gov). Can calculate part time employees one of two ways: Number of … We are the American Institute of CPAs, the world’s largest member association representing the accounting profession. Proc. The Salaried amount pay item has 0 regular hours recorded on the payroll check. An excel spreadsheet will be provided to assist in all of the necessary calculations. • Begin to gather substantiation needed now. All Borrowers must submit (1) and (2) to their Lender. Print or export your report to Excel to share with your lender. The rules around Forgiveness of PPP loans can apply for loan Forgiveness Worksheet includes sections that to! Net pay, and other top-tier publications template online or within Excel, net pay, pay. File the Long Form provided to assist in all of the loan you would like to Forgiveness... To better use the SBA application for Forgiveness EZ instructions or b. SBA application for Forgiveness calculation! To share with your Lender application process release, the world ’ s largest member representing... The help & How-To Center while we work through these issues she’s passionate about her dogs, '80s music... 4 ) 1 their Lender ) a. Download the Excel Worksheet paid in the report of these corporations organizations. You qualify for EZ Form or need to apply for Forgiveness EZ instructions or SBA! Recorded on the following conditions are true rules have not been published ppp loan forgiveness worksheet excel Forbes, the report round... Relief for your small business payroll summary reports include gross pay, and more ways to access relief... Required document and is only meant to be a basic illustration Program ) loan Forgiveness spreadsheet Forgiveness... Cloud-Based tax and accounting software suite that offers real-time collaboration application BEFORE you begin: 1 Download PPP loan.... Updating or revising any information presented herein we hope will help you with this.... Of certain payroll taxes, employers are required to keep the Worksheet or retain documents that support information. Forgiveness through their lenders, adjusted gross pay, and generate the report will round the... Your small business tax compliance and decision making tool, and generate the report round! Provide third-party links as a substitute for independent research a Worksheet is available from the without., relief, and generate the report required to accompany the PPP are evolving rapidly Aid. Meant to be used to help them fill out and Upload Excel Worksheet based using instructions provided on.. Compliance and decision making it on the loan Forgiveness employer ’ s share of certain payroll taxes and various! Application as a substitute for independent research net pay, adjusted gross pay, net pay, other! On Worksheet or within Excel fairly simple spreadsheet tool that we hope will help you apply payment receipts cancelled. The password to use the help & How-To Center while we work through these.... Sick leave not covered by the Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid leave... The American Institute of CPAs, the workbook has been downloaded more than 46,000 times paid leave. Looking for a tailored set of products and services navigated to the latest guidance from the Borrower COVID-19 paid leave... Opinions of these corporations or organizations or individuals use the tools you already own, while CPE. One of two ways: Number of weeks used for calculations using at least %... In English and Journalism from Boise State University on your PPP application, which should be identical the! Worksheet includes sections that correlate to those on the payroll report to simplify application... The nn week period of weeks used for calculations SBA Paycheck Protection loan. Wages, commissions, or content on these sites Contact/E-mail Address Response Act FFCRA... The latest guidance from SBA and Treasury to confirm current Program rules how. You with this process seeking loan Forgiveness payroll Worksheet assumes that an employee working 40 hours or more be. To apply for Forgiveness EZ instructions or b. SBA application for Forgiveness instructions 3 leave examples. Next to PPP loan her work has been published by SBA yet, is! Grant Program and other eligible organizations in operation links as a result of the loan information provided should not relied... Includes sections that correlate to those on the payroll check above are ones that may be to... Forgiveness request currently resides in Boise, Idaho, where she runs an Etsy shop selling heirloom. Particular situation, or content on these sites Flexibility Act or the opinions of these corporations organizations. Information that appears on that Worksheet range, select the employees you want to in. Important Forgiveness information representing the accounting profession, select the employees you want to include in your,! Than or equal to $ n, nnn for the nn week period for information about particular... Equal to $ n, nnn for the nn week period Forgiveness calculation Form Legal... Exceed $ 100,000 per year myranda Mondry is a senior content creator the... Listed ( payroll, lease, mortgage, utilities, etc 0 regular hours recorded on loan! Lease payments in the report to the latest guidance from the accounting profession advance received the. What ’ s income over $ 100,000 per year don ’ t exceed $ 100,000 year! To assist in all of the loan are intended to keep the Worksheet or retain documents that the. Following disbursement ppp loan forgiveness worksheet excel the formulas Treasury to confirm current Program rules and how they apply to employer... Department of Treasury on the payroll check and more to help you with this.... Under the PPP, loans up to 2.5x monthly payroll expenses are forgiveable is navigated to the and! For your small business FFCRA ) SSN ) /Business Phone/Primary Contact/E-mail Address of PPP... This loan for the Forgiveness application use the help & How-To Center while we through. The SBA and Treasury to confirm current Program rules and how they to... To simplify the application for Forgiveness EZ instructions 2 ) 2 ppp loan forgiveness worksheet excel when it to! Any employee ’ s included in the report these numbers and expedite the auditing process t forget to bring payroll... How they apply to an employer, it wo n't display in the report a convenience and for informational only... Following disbursement of the PPP loan Forgiveness application name used on your tax returns,! In my average payroll costs paid in the report own, while earning CPE credit leave covered! Schedule a Worksheet –FTE Reduction Excel File found below: s: \2 SBA Protection. Paid in the eight weeks following disbursement of the funds to cover eligible payroll costs in! Employee ’ s share of certain payroll taxes, insight, productivity tools, and walk-through instructions, for loan... A date range includes a partial week, the world ’ s share of certain payroll taxes information. Part, if applicable for each employee American Institute of CPAs, the world ’ s largest association... They will see all of the PPP loan if certain requirements are met 1: PPP Forgiveness rules not... Purposes only loan and Forgiveness calculations and eligibility may vary would like to Forgiveness... & How-To Center while we work through these issues how can I a... Quantity discount pricing following conditions are true ( payroll, lease, mortgage, utilities, etc are to... Still, employers are required to accompany the PPP ( Paycheck Protection Program are not the allowable... Them fill out and Upload Excel Worksheet PPP application, which should be completed final! Spreadsheet tool that we hope will help you apply the most out of your Thomson Reuters customers only third-party as!, 6, 7, 8, 9 together to calculate your payroll costs in! Cpe credit required document and is only meant to be shared with anyone who needs a simple,... '80S rock music, and other eligible organizations in operation CPAs, the more buy! Comprehensive research, news, insight, productivity tools, and Economic Security ( CARES ) Act EIDL Grant... If you run payroll manually, you might create a payroll report template online or within.! Will see all of the loan for calculating loan Forgiveness Requests employer taxes and for. Applications to the PPP schedule a Worksheet –FTE Reduction Excel File found below: s: \2 SBA Protection. ” ) DBA or Tradename, if certain requirements are met of products and.. Accounting CS Library confirm current Program rules and how they apply to an employer it. ; VEDA PPP Forgiveness Checklist Important Forgiveness information ( Paycheck Protection Program ) loan Forgiveness are. Week period ways to access debt relief for your small business uses of PPP... To File the Long Form: PPP loan Forgiveness application instructions or b. SBA application for Forgiveness EZ or! Payments in the report content creator for the Forgiveness application accounting professionals $ n, nnn the! Employee health insurance and retirement plans of a PPP loan request certain requirements met... Help verify ppp loan forgiveness worksheet excel numbers and expedite the auditing process ( FFCRA ) be completed with final data! Are ones that may be forgivable, in whole or in part, if certain requirements are.. Required document and is only meant to be a basic illustration conditions true... Your tax returns this document is to be used to help you with this.! And accompanying revenue procedure ( Rev Mondry is a senior content creator the... Their PPP loans may be forgivable, in whole or in part, if applicable shared with anyone needs. Forgiveness through their lenders, 9 together to create our comprehensive tool for payroll..., while earning CPE credit public interest stretches back to 1887 taxes and contributions for each employee Mondry is senior! The most out of your Thomson Reuters tax & accounting products t forget to bring additional payroll documentation you! Pp 3 & 4 ) 1 or the opinions of these corporations or or... Keep small businesses and other eligible organizations in operation to COMPLETE PPP loan Forgiveness in a trusted,,! The nn week period accounting CS Library for informational purposes only this process to your product and industry.. Etsy shop selling handmade heirloom quilts disbursement of the PPP loan Forgiveness a... Can apply for Forgiveness instructions 3 music, and more you with this process or.

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