Ppp Loan Forgiveness Worksheet Template. This template is based on interpretations of the cares act and guidance released through october 16, 2020. 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.
Produced over the weekend by the team at quickbooks university and reviewed by inside charity these utilities make sense of what is arguably the next important step nonprofits face as they navigate the cares. Your judgment and interpretation of the act may be needed. This template is based on interpretations of the cares act and guidance released through october 16, 2020.
The sba recently released the ppp loan forgiveness application.
Still, employers are required to keep the worksheet or retain documents that support the information that appears on that worksheet. This form can be complex, and in an effort to help businesses navigate through the forgiveness process, we have developed a tool that will walk you. Creating a payroll report may help verify these numbers and expedite the auditing process. To get started on your ppp loan forgiveness application we suggest starting with the ppp schedule a (page 3 of sba form 3508).
