Search results
Feb 29, 2024 · The Loan Forgiveness Calculator uses available guidance from the Small Business Administration and Treasury, along with interpretations of that guidance (see notes throughout) to estimate the amount of a PPP loan that may be eligible for forgiveness.
- SBA Paycheck Protection Program (PPP) resources for CPAs
Video Walkthrough of the PPP Forgiveness Calculator. Watch...
- AICPA Offers Loan Forgiveness Calculator for Paycheck ...
These sub-fields are then used to make a loan forgiveness...
- SBA Paycheck Protection Program (PPP) resources for CPAs
May 18, 2020 · Go to PPPForgivenessTool.com. This platform automates the forgiveness process for small business owners who received funds from the PPP. The tool incorporates the PPP forgiveness calculator developed by the AICPA and is available to any business approved for a PPP loan, regardless of the lender it worked with to receive funding. See full article.
Jan 6, 2021 · Video Walkthrough of the PPP Forgiveness Calculator. Watch this video to learn more about best practices when using the AICPA forgiveness calculator. PPP Forgiveness Documentation Checklist. To help determine documentation needs when applying for PPP Forgiveness, this checklist will help guide borrowers. Forgiveness Form Decision Tree
These sub-fields are then used to make a loan forgiveness calculation. The calculator relies on several assumptions contained in the AICPA’s recommendations, such as how to calculate FTEs and the aligning of the 8-week covered period with the beginning of a pay period, rather than the date the PPP loan proceeds were disbursed.
As businesses who received a Paycheck Protection Program (PPP) loan look forward to maximizing their loan forgiveness, the following outlines the steps to take for calculating the amount of the PPP loan eligible for forgiveness. Look over these steps now to prepare for maximum loan forgiveness at the end of the 8-week covered period.
May 19, 2020 · The AICPA’s revised PPP Loan Forgiveness Calculator is now available. Late Friday night, the Treasury Department and the SBA issued the PPP loan forgiveness application, which includes guidance on PPP loan forgiveness. The AICPA’s Firm Services/PCPS team updated the calculator to reflect the information provided in the application.
People also ask
Does the AICPA have a PPP loan forgiveness calculator?
Is there a standard accounting for PPP loan forgiveness?
How do you calculate PPP loan forgiveness?
May 14, 2020 · The loan forgiveness calculator will be discussed today during a 3 p.m. AICPA town hall on the CARES Act and PPP, part of a weekly online series on these topics.
