You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. Step 5. Generally, you want to count the number of full-time equivalents in your business, which gives insights into whether youre keeping your employees or rehiring them back to your enterprise. 1164 0 obj Please note that the guidance at this point is still unclear as to whether the loan may be used for other expenses beyond payroll and certain mortgage, rent or utilities. Payroll Cost Calculator for PPP Loan Forgiveness, 5. Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. If a date range includes a partial week, the report will round to the nearest whole number of weeks used for calculations. NUMBER OF EE's (EXCEL) GROSS RECEIPTS TEST 2020 & 2021 (EXCEL) CALC TOTAL ERTC "WAGES" w/ HEALTH (EXCEL) ANALYSIS: MAX ERTC & PPP LOAN FORGIVENESS (EXCEL)) ERTC CALCULATION WORKSHEET 2020 & 2021 (EXCEL) IRS LINKS & ERTC RESOURCES (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. Download the PPP Loan Calculator - Non-seasonal & In business. employee retention credit calculation spreadsheet. To put it simply, it divides the average weekly hours of your employee by 40, rounds it to the nearest tenth, and ensures that it doesnt exceed one. The more you buy, the more you save with our quantity discount pricing. And to qualify for this, borrowers must use at least 60% of their funds in payroll expenses and the rest on other eligible payments. Its now time to start tracking your use of the funds to determine the amount to be forgiven. hbbd```b``"H M,n &M`?d" +` 5Drd!Da 5@&FVC8#]K } Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. Fax: (630) 953-4905, Its Finally Here: Guidance on PPP Loan Forgiveness, An Important Update on Returning PPP Loan Funds, Learn More About CK's COVID-19 Support Services, Additional Guidance on the PPP Loan Application Process. One of the reasons why PPP extends an olive branch to small business owners in terms of loan forgiveness is to help them keep employees on payroll during the COVID-19 pandemic. The Paycheck Protection Program ("PPP") authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Oak Brook will no longer be mailed by our office to you. All loan proceeds will be used only for business-related purposes as specified in the loan application and consistent with the Paycheck Protection Program Rules including the prohibition on using loan proceeds for lobbying activities and expenditures. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. What Is a PPP Loan Forgiveness Spreadsheet? We last shared some best practices and next steps once you receive your PPP funds. %%EOF Since youre tracking your finances in a spreadsheet, it will be easy for you to retrieve the necessary data that you have to present. We will no longer have in-person drop offs of accounting/tax data. The Salaried amount pay item has 0 regular hours recorded on the payroll check. Our template, in this regard, functions pretty similarly to our Payroll Costs Spreadsheet but is optimized for Schedule A calculations for cash compensation for employees. d11ma.,-+(*,6aFof:;?7gzWsc{]V-L[Z|l. Please read the instructions in the worksheet which indicate how to use the resources as intended.These calculators are based on interpretations of available guidance from the Small Business Administration (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. Download our specially prepared expense spreadsheet to track all the necessary PPP expense information to stay in compliance. Those are the reasons why you needed these funds! Phone: (630) 953-4900 Fill out the form to get our free loan forgiveness calculator spreadsheet, including: Forgiveness Amount Calculation PPP Schedule and Worksheet Salary/Hourly Wage Reduction FTE Reduction Safe Harbor Consult with your payroll provider to properly track Sick/Medical Leave. PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. By feeding your loan information to a PPP loan forgiveness spreadsheet template, such as the amount, disbursement date, and coverage period, it will automatically perform summations and use conditional statements to determine the amount that might be eligible for forgiveness. This is actually pretty self-explanatory, but to reiterate, its a tool that helps small businesses track and calculate their estimated loan forgiveness amounts under the Paycheck Protection Program(PPP). This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. Step 4. If you have previously received a Paycheck Protection Program (PPP) loan, certain businesses are eligible for a Second Draw PPP loan. There is no single formula that will let you calculate your PPP loan forgiveness amount. $69 - $79 This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. We will continue to support you as best as we can while keeping each others health a priority. If a section doesn't apply to an employer, it won't display in the report. It is not necessary to obtain the password to use this document. . Have an easier time calculating your potential forgiveness amount and managing your expenses with our five free templates today. 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). April 20 2020. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. One of the most important reasons why you should have a PPP loan tracker is to have on file an application that is eligible for the loan forgiveness program. It is not necessary to obtain the password to use these documents. DOWNLOAD THE PPP LOAN FORGIVENESS TEMPLATES Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. Necessary cookies are absolutely essential for the website to function properly. 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. <>stream Fill out the form below to download the new worksheet. It is mandatory to procure user consent prior to running these cookies on your website. including analysis of cash flow . Monadnock Building Aside from the forgiveness form, borrowers must also submit reports like total payroll documentation, proof of payments, FTE files, non-payroll documentation, and certification of eligible expenses to apply. Phone: (630) 953-4900 From the calculation of your employees wages to their full-time equivalency metrics, here are five spreadsheets that you can access for free. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . Please read the instructions in the worksheet which indicate how to use the resources as intended. Emma Collins is a tech writer for Spreadsheet Point. The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. 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. Can you tell us why? To make things easier, weve compiled these five PPP loan forgiveness spreadsheet templates that are readily available for download and use. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. Customize it using your account names and numbers, and drill down as specifically as you want to. Some of you may already be two to three weeks into your eight-week covered period, so acting fast to do the math will get you better positioned once the loan forgiveness process is in place. Lets explore in more detail what a PPP loan forgiveness spreadsheet template is and the benefits of using one in this article. What Is the Formula for PPP Loan Forgiveness? She's been writing tech tutorials & how-to guides on Windows, Android, iOS, Social Media, Data Recovery, Cybersecurity, Gaming, and more as a tech writer for over 6 years. Your online resource to get answers to your product and industry questions. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. A cloud-based tax and accounting software suite that offers real-time collaboration. Remember those sleepless nights before receiving the funding? These cookies do not store any personal information. Calculating your FTEs is the most crucial part of maximizing your loan forgiveness amount. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. We also use third-party cookies that help us analyze and understand how you use this website. And most importantly, we also included a section where you can calculate your FTE exceptions. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. Keep track of your Payroll Costs in this tracker, and keep back-up documentation. PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. If you received your PPP loan before June 5, 2020, you can choose either: the 8-week (56-day) period beginning on the PPP loan disbursement date; or the 24-week (168-day) period beginning on the PPP loan disbursement date. GrowthLab has created a template that allows you to enter the wages, on an employee-by-employee. Member of Russell Bedford International, a global network of independent professional service firms. And the best part is they are free! Chicago, IL 60604 PPP loan forgiveness. In the 8 weeks after you get a PPP Loan, you need to be sure you spend the money at least 75% on payroll and. "My approach is to have all of our clients who get the PPP loan open up a separate [bank] account," says Andrew Poulos, of Poulos Accounting and Consulting, Inc. . Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 2021 - PPP Worksheet Instructional Guide. If any changes occur during the course of the next few days, we will update our website. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. Existing borrowers may be eligible for PPP loan forgiveness. startxref This website uses cookies to improve your experience while you navigate through the website. You might like to see our hours and menu options before calling, You can provide this report to your clients to help them fill out the. Why You Need a PPP Loan Spreadsheet Template, Free PPP Loan Forgiveness Spreadsheet Templates, 1. To apply for forgiveness of a Paycheck Protection Program (PPP) loan, borrowers will be asked for a count of their full-time equivalent (FTE) employees. The required documents consist of payroll reports, health insurance statements, and more. Management One is a small business, just like most of your enterprises. Copyright 2022, Management One | General inquiries and Customer Support. We can take this off of your plate and help you maximize your loan forgiveness just fill out the form below to get started. 2021 - PPP Loan Forgiveness Rules. Fill out the form found here to access to the 2021 PPP Loan Worksheet, designed to provide data-driven insights to drive critical decisions. Check out our awesome spreadsheet templateshere and get 50% off all templates with the code SSP. What Reports Are Needed for PPP Loan Forgiveness? Thank you for your patience and understanding during this challenging time. Get the most out of your Thomson Reuters Tax & Accounting products. Udemy has a lot of Google Sheets masterclasses,too, in case you want to grow your skills in using the app. Fill out the form to get our free loan forgiveness calculator spreadsheet, including: *Access the SBA's official Loan Forgiveness Application here. Whichever of the three is the lowest in value becomes your net amount of forgiveness. Member FDIC. No clients or guests will be allowed in our suite. CARES Act - Paycheck Protection Program Loan Forgiveness Spreadsheet. Here are three options you may consider for recording and tracking your use of your PPP loan funds. 5 Best PPP Loan Forgiveness Spreadsheet Templates. As things continue to evolve in light of the COVID-19 pandemic, we at CK are taking additional precautions for the benefit of our team members and our clients. Due to this, those using Form 3508EZ should consider using the Form 3508 calculator. This report calculates this amount for all employees, and does not distinguish between employees identified as Officer or Family of Owner. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and If the entry for step 4 is greater than or equal to step 2, enter 1.0 on line 13 of PPP Schedule A; the FTE Reduction Safe This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. 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. Have you ever heard of a PPP loan forgiveness spreadsheet template? Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. 5. This website uses cookies to improve your experience while you navigate through the website. And if youre one of those borrowers, did you know that you can avoid paying part of your loan amount if you meet the eligibility requirements? The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. These cookies will be stored in your browser only with your consent. *For example spreadsheet mentioned in May 21 Facebook Live, click here. (Loans made after June 5, 2020 carry a 5-year repayment period.) Consult with your payroll provider to properly track Sick/Medical Leave. 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. However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# endstream endobj startxref Our team spent significant time and effort understanding the rules for PPP funds usage and loan forgiveness to build a custom spreadsheet so we could keep track of our spending. Learn more. Examples may include check register, bills, statements, leasing agreements with payment records attached. %%EOF The information in the spreadsheet is subject to change based on changes to applicable rules, laws and regulatory guidance. You can download the Excel template through this link or the link in the comments. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. SpreadsheetPoint is supported by its audience. During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. Please read the instructions in the worksheet which indicate how to use the resource as intended. A lower FTE means that the potential amount you can offset gets lowered too. Event Budget Template. . Here are three options you may consider for recording and tracking your use of your PPP loan funds. PPP Loan Forgiveness Calculation Form Business Legal Name ("Borrower") DBA or Tradename, if applicable Business Address Business TIN (EIN, SSN) Business Phone ( ) - Primary Contact E-mail Address SBA PPP Loan Number: %PDF-1.6 % Weve added two separate tabs for employees earning under $100K and those with more than $100K salaries. 0 In our templates, we made sure that the calculations are based on the rules and guidelines set by the Small Business Administrationto ensure that users meet compliance requirements. But opting out of some of these cookies may affect your browsing experience. We wish you, your family, and your business health and safety. CARES Act PPP Loan Expense Tracker & Forgiveness Calculator Version 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. Chat - Best option for simple questions Our team members are being encouraged to work remotely. Keep track of Other Expenses. All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home. You also have the option to opt-out of these cookies. Loan Forgiveness Application Revised June 16, 2020 OMB Control Number 3245-0407 Expiration Date: 10/31/2020 . Oak Brook You can find her work on many established tech websites, including Productivity Spot, Hackr.io, MakeUseOf, Help Desk Geek, Online Tech Tips, HandyRecovery, Cleverfiles, and more. ;}h|19F$+Dt#2. We've created a free spreadsheet to help you walk through the application process. Member of Russell Bedford International, a global network of independent professional service firms. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the PPP . Another eligibility requirement for loan forgiveness is that the borrower should use only up to 40% of the total loan amount on non-payroll costs. PPP loan forgiveness spreadsheet templates can help streamline and automate your calculation processes when filing your application. Oakbrook Terrace, IL 60181 And it usually contains four parts: cash compensation, non-cash compensation, average FTEs, and reductions from hourly rates or salaries. Comprehensive research, news, insight, productivity tools, and more. Consult with your accountant and/or loan provider to receive full information about your region. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. After preparing your total payroll costs, non-payroll expenses, and FTE calculations, you can now start calculating your PPP loan forgiveness amount. . 2. There are a couple of template types that you can use to cover different aspects of the PPP loan forgiveness program. Then, compare this value against your original loan amount and 60% of your payroll costs to find which is the minimum your forgiveness amount. This category only includes cookies that ensures basic functionalities and security features of the website. The SBA recently released the PPP loan forgiveness application. It is not necessary to obtain the password to use these documents. You must have a complete tally of these first before doing this final calculation: (Payroll and non-payroll expenses Salary reductions) FTE reduction quotient. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. Track Headcount of your Employees each week or each Payroll. Monadnock Building Non-Payroll Expenses Tracker 3. 2. We were able to obtain a second round of PPP financing recently thanks to diligent work by our accountants and our finance manager, Erin King. If you want to know more about how you can use Google Sheets not only for your PPP loan forgiveness but also in other parts of your business, dont forget to browse our blogs! 4. This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. PPP Forgiveness Calculator 5. Payroll documentation might include tax filings to the IRS and receipts. Loan Amortization Schedule Google Sheets Template + Guide, Debt Snowball Spreadsheet Template + Guide (Debt Free), Free Google Sheets Profit and Loss Template, Free Balance Sheet Template for Google Sheets, Google Sheets Mortgage Calculator: Free Template, How to Highlight Duplicates in Google Sheets (5 Easy Ways), IF CONTAINS Google Sheets Formulas [2 Clever Options], How to Make Multiple Selection in Drop-down Lists in Google Sheets, How to Apply Formula to Entire Column in Google Sheets, Download a Free Google Slides Timeline Template (3 Styles), Jeopardy Template For Google Slides (3 Free Downloads), How to Convert Word to Google Doc [Easy Guide], Volleyball Statistics Spreadsheet: Free Template [2023]. 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.. It is mandatory to procure user consent prior to running these cookies on your website. FTE Calculator for PPP Loans 4. How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) Updated Jan. 11, 2023 Search for PPP loan applications by organization, lender, zip code and business type. Instead, please drop off any packages outside the office door of our suite in the box provided. 1. For current PPP Loan Requirements go to sba.gov NOTE: If the total salary for an employee is greater than $100,000, enter $100,000. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. NOTE: The PPP Forgiveness Application provides for an "Alternative Payroll Covered Period that begins on the first day of the first pay period following the receipt of loan proceeds on compensation for . Week, the report will round to the complicated calculation process track of your enterprises costs, non-payroll,! Control number 3245-0407 Expiration date: 10/31/2020 employer, it helps to have a that! Interest, rent, and your business health and safety television, Kasowitz Benson Torres 90210... Of maximizing your loan forgiveness we also included a section does n't apply to an,! Affect your browsing experience may 21 Facebook Live, click here with code... To improve your experience while you navigate through the application process we wish,..., those using form 3508EZ should consider using the form below to download the worksheet! The Accounting CS Library of using One in this tracker, and drill down as specifically you. And drill down as specifically as you want to ERTC: ECONOMIC VALUE CALC ( pdf ) Excel spreadsheets vs.! Be eligible for Paycheck Protection Program ( PPP ) loan forgiveness 150,000 or less,... Your account names and numbers, and FTE calculations, you can now start calculating your FTEs is the crucial. Will teach you how to use this website found here to access to the complicated calculation process of cookies. Obtain the password to use these documents questions our team members are being to... Costs that are readily available for download and use, on an employee-by-employee Second Draw PPP loan just... While you navigate through the website calculating the total loan forgiveness spreadsheet:. Include but are not limited to mortgage interest, rent, and drill down as specifically you. You may consider for recording and tracking your use of your employees each week or each payroll us analyze understand. ) Excel spreadsheets PPP vs. ERTC: ECONOMIC VALUE CALC ( pdf ) Excel spreadsheets PPP vs.:... Options you may consider for recording and tracking your use of your enterprises is not necessary to the! Procure user consent prior to running these cookies will be stored in your browser only with your.... May be eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities ERTC ECONOMIC! Number of weeks used for calculations the integrity of the formulas 2020 carry a 5-year repayment ppp loan spreadsheet template ).: DO not SELL MY PERSONAL data your PPP loan forgiveness spreadsheet template assemble. The form below to download weekly, bi-weekly, monthly, and semi-monthly workbooks most of your employees each or... Patience and understanding during this challenging time Torres, 90210, Sole our to! Reuters tax & Accounting products use third-party cookies that help us analyze understand... In the worksheet which indicate how to use the tools you already own, while earning CPE credit accurately..., zip code and business type this category only includes cookies that ensures basic functionalities and security of. Pdf ) Excel spreadsheets PPP vs. ERTC: ECONOMIC VALUE CALC ( Excel ) calculate AVG Sheets. Borrowers may be eligible for a Second Draw PPP loan, just like most of your.! Your skills in using the form below to download the PPP loan expenses Self-Employed! Conditions are true, monthly, and keep back-up documentation formulas related to the 2021 PPP loan forgiveness application is! ( UPDATED template included! if any changes occur during the course of the formulas to track PPP forgiveness. You receive your PPP loan forgiveness payroll worksheet is available from the Accounting Library... Inquiries and Customer support MY PERSONAL data like most of your qualified expenses and calculating the total forgiveness. Your application a partial week, the more you buy, the report ppp loan spreadsheet template loan... One is a tech writer for spreadsheet Point your accountant and/or loan provider to receive full information about region... Your plate and help you walk through the ppp loan spreadsheet template to function properly, 1 that are with... Preparing your total payroll costs, non-payroll expenses, and more this document, you now! Be stored in your browser only with your payroll costs, non-payroll expenses, more. Pay item has 0 regular hours recorded on the loan forgiveness amount calculates this amount for employees... Business, just like most of your plate and help you walk through the website template is and benefits! The link in the spreadsheet is subject to change based on changes applicable. The worksheet which indicate how to use these documents click below to download weekly, bi-weekly,,. Analyze and understand how you use this document to continue to securely and confidentially serve from! And use calculate your FTE exceptions easier time calculating your PPP funds template is and the benefits of using in! Not limited to mortgage interest, rent, and your business health and safety basic ppp loan spreadsheet template and features. Business, just like most of your PPP funds worksheet, designed to provide data-driven insights drive! During the course of the formulas cares Act - Paycheck Protection Program ( PPP ) loan, certain businesses eligible! Specifically as you want to grow your skills in using the app Facebook Live, here. Consider using the app example: trucking, hospice, television, Kasowitz Benson,. After preparing your total payroll costs in this tracker, and FTE calculations, you click. After preparing your total payroll costs, non-payroll expenses, and does distinguish! Have a template that organizes your data and accurately computes the necessary PPP expense information to stay compliance. Date: 10/31/2020 weeks used for calculations startxref this website uses cookies to improve your experience you! To complete these worksheets regardless of your qualified expenses and calculating the total loan forgiveness worksheet includes that... ( Paycheck Protection Program loan forgiveness just fill out the form 3508 Calculator time calculating your PPP spreadsheet. Download weekly, bi-weekly, monthly, and your business health and safety spreadsheet. Are asked you from home your region applications by organization, lender, zip code business! Wages, on an employee-by-employee distinguish between employees identified as Officer or Family Owner. Chat - best option for simple questions our team members are being encouraged to work remotely a Paycheck Protection loan! Calculator Version 1.9 06-17-20 UPDATED to REFLECT 6-17-20 IFR and PPPFA changes and help walk... Last shared some best practices and next steps once you receive your PPP loan forgiveness.! Option for simple questions our team members are being encouraged to work remotely we last shared best. Once you receive your PPP loan Calculator - Non-seasonal & amp ; forgiveness Calculator Version 1.9 UPDATED... Offers real-time collaboration REFLECT 6-17-20 IFR and PPPFA changes procure user consent prior to running these.! A PPP loan Calculator - Non-seasonal & amp ; forgiveness Calculator Version 1.9 UPDATED. Collins is a spreadsheet template is and the original PPP loan forgiveness payroll assumes. In business masterclasses, too, in case you want to grow your skills using. You to enter the wages, on an employee-by-employee General inquiries and Customer support in browser. Those on the payroll check take this off of your funding to be forgiven these spreadsheets are locked to the... Leasing agreements with payment records attached expense information to stay in compliance nearest number... Forgiveness worksheet includes sections that correlate to those on the loan forgiveness.! Hospice, television, Kasowitz Benson Torres, 90210, Sole, please off! With payment records attached form found here to access to the nearest whole number of weeks used for calculations to! Serve you from home you receive your PPP loan spreadsheet template 90210, Sole based on changes to applicable,. Whichever of the website, non-payroll expenses, and does not distinguish between employees as... Omb Control number 3245-0407 Expiration date: 10/31/2020 using One in this tracker, and more to enter the,. Get 50 % off all templates with the appropriate technology and resources continue... 06-17-20 UPDATED to REFLECT 6-17-20 IFR and PPPFA changes ve created a free spreadsheet to help you maximize loan... Week or each payroll, too, in case you want to grow your skills in using the form to! Tools, and more non-payroll costs that are loaded with various categories and formulas related to the nearest number... Your use of your funding to be forgiven you needed these funds designed to provide insights... Startxref this website uses cookies to improve your experience while you navigate through the application process columns are... Recording and tracking your use of your funding to be forgiven 2020 OMB Control number 3245-0407 Expiration date 10/31/2020. Self-Employed Individuals ( UPDATED template included! global network of independent professional service.. Download the new worksheet the resources as intended an employee workedstandard hours if all of the next days... ( Paycheck Protection Program ( PPP ) loan forgiveness not distinguish between employees identified as Officer or Family of.. June 16, 2020 carry a 5-year repayment period. grow your skills in using the app,... Can calculate your FTE exceptions you already own, while earning CPE credit and FTE calculations, you click. $ 150,000 or less expenses and calculating the total loan forgiveness amount, earning! Challenging time opt-out of these cookies may affect your browsing experience to make things easier, weve these. To obtain the password to use these documents the worksheet which indicate how to use. Worksheet which indicate how to use this form only if the borrower a... Most importantly, we also included a section where you can use to cover different aspects of formulas. Calculator for PPP loan spreadsheet template for those small businesses that need help completing the PPP loan forgiveness.! The appropriate technology and resources to continue to support you as best as we can take this of... Act PPP loan forgiveness spreadsheet templates can help streamline and automate your calculation processes when your! Not necessary to obtain the password to use the resource as intended funds to determine the to! Change based on changes to applicable rules, laws and regulatory guidance % payroll requirement the!
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