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. The loan forgiveness calculators use available guidance from the Small Business Administration (SBA) 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. Additionally, we are now offering PPP loan forgiveness calculations as a service for a flat fee of just 2% of the loan amount. It is mandatory to procure user consent prior to running these cookies on your website. 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.. This subtotal must be multiplied by the FTE reduction quotient that you must also compute, which will then be your Modified Total. including analysis of cash flow . We've previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. 1164 0 obj Werner & Co. can help you maintain best practices and proper bookkeeping for the Paycheck Protection Program. Payroll Cost Calculator for PPP Loan Forgiveness 2. $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. During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. We're sorry. *For more COVID-19 resources, visitChurchCOVID19.com and SchoolCovid19.com. The required documents consist of payroll reports, health insurance statements, and more. Udemy has a lot of Google Sheets masterclasses,too, in case you want to grow your skills in using the app. Member of Russell Bedford International, a global network of independent professional service firms. 4.9K views 1 year ago PPP / ERTC Think twice before rushing to send in your PPP forgiveness. 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. Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. Step 5. 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. Existing borrowers may be eligible for PPP loan forgiveness. This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. 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. How to Record PPP Loan Forgiveness in Quickbooks Desktop Calculate PPP Forgiveness with FTE, 8 week, 24 week and Flexibility Act considerations PPP Loan Forgiveness Application - How to. . PPP Schedule A Worksheet for Cash Compensation Frequently Asked Questions 1. 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. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. And it usually contains four parts: cash compensation, non-cash compensation, average FTEs, and reductions from hourly rates or salaries. These cookies do not store any personal information. 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. Oakbrook Terrace, IL 60181 Necessary cookies are absolutely essential for the website to function properly. (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. Phone: (630) 953-4900 Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. 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! This category only includes cookies that ensures basic functionalities and security features of the website. When you purchase through links on our site, we may earn an affiliate commission. Instead, we will be utilizing phone calls and/or email to communicate with our clients. (Loans made after June 5, 2020 carry a 5-year repayment period.) PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. Here are three options you may consider for recording and tracking your use of your PPP loan funds. Our team members are being encouraged to work remotely. (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. Instead, please drop off any packages outside the office door of our suite in the box provided. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and 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 That was quite messy, right? Remember those sleepless nights before receiving the funding? We will be holding these items in our office to send to you at a later date. Oak Brook 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. 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. Learn more. File name: ppp-loan-calculator-non . 6. Step 1: Understand Which Quarters Qualify Step 2: Evaluate Your Eligibility: Step 3: Determine if You Had a Qualifying Closure Step 4: Determine Business Status Step 5: Assess Your Qualified Wages for Each Year Step 6: Calculate the ERC for Your Business Step 7: Look for Advanced Refund Eligibility For ERC Worksheet Assistance, Contact ERC Today (What are standard hours?). <>stream 5. 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. CARES Act PPP Loan Expense Tracker & Forgiveness Calculator Version 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. These cookies will be stored in your browser only with your consent. This is where our spreadsheet calculator might come in handy. 0 PPP loan forgiveness spreadsheet templates can help streamline and automate your calculation processes when filing your application. Chat - Best option for simple questions d11ma.,-+(*,6aFof:;?7gzWsc{]V-L[Z|l. Any remaining balance becomes a loan with an interest rate of 1% for two years. To aid you in this process, weve prepared a few Excel workbooks which you can download by clicking the link below. Weve added two separate tabs for employees earning under $100K and those with more than $100K salaries. These cookies do not store any personal information. 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. Can you tell us why? You can download the Excel template through this link or the link in the comments. Developed a tracking spreadsheet in Excel for the PPP loan forgiveness process and worked closely with staff to meet federal PPP loan reporting requirements. This will eliminate the need for you to drop off your tax information at our office. For those intending to use the SBA Form 3508EZ, please note that borrowers are required to document they meet the eligibility requirements to use this form. will no longer be mailed by our office to you. PPP loan forgiveness. Expense Type C&L Value Advisors, LLCVersion 1.9 06-17-20 UPDATED TO REFLECT 6-17-20 IFR and PPPFA changes. If you have previously received a Paycheck Protection Program (PPP) loan, certain businesses are eligible for a Second Draw PPP loan. FTE Calculator for PPP Loans 4. Now, we have created templates for the 24-week covered period. We've created a free spreadsheet to help you walk through the application process. SpreadsheetPoint is supported by its audience. Open a separate bank account for your PPP loan. 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]. Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. Due to this, those using Form 3508EZ should consider using the Form 3508 calculator. 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. Downloadable PPP Expense Spreadsheet. The SBA recently released the PPP loan forgiveness application. 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). Have an easier time calculating your potential forgiveness amount and managing your expenses with our five free templates today. Necessary cookies are absolutely essential for the website to function properly. There is no single formula that will let you calculate your PPP loan forgiveness amount. %%EOF a We also use third-party cookies that help us analyze and understand how you use this website. . Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. startxref Download .pdf File size: 373KB Effective : July 30, 2021 Owned by : Office of Capital Access OMB Control Number : 3245-0407 Enter the borrower's total FTE (a) for a PPP loan made before December 27, 2020, as of December 31, 2020 or (b) for a PPP loan made after December 27, 2020, the last day of the covered period: . This website uses cookies to improve your experience while you navigate through the website. Fill out the form to get our free loan forgiveness calculator spreadsheet, including: *Access the SBA's official Loan Forgiveness Application here. PK ! . The more you buy, the more you save with our quantity discount pricing. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. 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 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. April 12, 2023 . Connect with other professionals in a trusted, secure, environment open to Thomson Reuters customers only. Free PPP Loan Forgiveness Spreadsheet Templates 1. Your online resource to get answers to your product and industry questions. In addition to the spreadsheet template, we have created a video that will help you walk through the PPP forgiveness calculation process and our Calculator. This also vouches for the accuracy of your numbers since theyre computed automatically using formulas weve set up for you. Try our solution finder tool for a tailored set of products and services. Please note that this blog and the 24-week PPP loan forgiveness templates are based on laws effective in August 2020 and may not contain later amendments. What Is a PPP Loan Forgiveness Spreadsheet? This is because it actually depends on your payroll data, non-payroll expenses, average full-time equivalents, and other relevant metrics. Whichever of the three is the lowest in value becomes your net amount of forgiveness. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. 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. These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. From the calculation of your employees wages to their full-time equivalency metrics, here are five spreadsheets that you can access for free. You also have the option to opt-out of these cookies. What Is the Formula for PPP Loan Forgiveness? GrowthLab has created a template that allows you to enter the wages, on an employee-by-employee. Identify resource costs and plan an amount to budget for each area to keep your event on track and within budget. 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 The values in these fields are automatically summed up based on your input. These cookies will be stored in your browser only with your consent. Monadnock Building It is not necessary to obtain the password to use this document. Event Budget Template. "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. 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. 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. 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. Consult with your payroll provider to properly track Sick/Medical Leave. Keep track of your Payroll Costs in this tracker, and keep back-up documentation. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. 5 Best PPP Loan Forgiveness Spreadsheet Templates. You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. Check out our awesome spreadsheet templateshere and get 50% off all templates with the code SSP. 2021 - PPP Loan Forgiveness Rules. And with such automation, you can complete the work faster and focus more on other requirements. All in-person meetings are cancelled. Step 3. The information in the spreadsheet is subject to change based on changes to applicable rules, laws and regulatory guidance. 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. April 20 2020. *For example spreadsheet mentioned in May 21 Facebook Live, click here. Lets explore in more detail what a PPP loan forgiveness spreadsheet template is and the benefits of using one in this article. Fax: (630) 953-4905, Chicago CARES Act - Paycheck Protection Program Loan Forgiveness Spreadsheet. 53 West Jackson Street, Suite 828 What Is the Formula for PPP Loan Forgiveness? hbbd```b``"H M,n &M`?d" +` 5Drd!Da 5@&FVC8#]K } endstream endobj startxref Member of Russell Bedford International, a global network of independent professional service firms. The SBA recently released the PPP loan forgiveness application. 0 Examples may include check register, bills, statements, leasing agreements with payment records attached. Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. And most importantly, we also included a section where you can calculate your FTE exceptions. How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) All paper files, tax returns etc. ;}h|19F$+Dt#2. The Salaried amount pay item has an amount associated with it on the payroll check. (The file will appear in your downloads). You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Phone: (630) 953-4900 PPP Loan Forgiveness Application, Template And Video for Nonprofits PPP Loan Forgiveness Application, Template & Video for Nonprofits provides charitable execs clarification and the tools they need to turn a portion (or all) of their PPP Loan into a grant. Home 5 Best PPP Loan Forgiveness Spreadsheet Templates. What Reports Are Needed for PPP Loan Forgiveness? Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. You can provide this report to your clients to help them fill out the Form 3508 and Form 3508EZSmall Business Administration (SBA) loan forgiveness applications. The umbrella term payroll costs may include basic wages, tips, employee benefits, retirement contributions, taxes, and more. 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 . Our template allows you to allocate your funds more precisely into several weeks (depending on your coverage period). All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home. Open a separate bank account for your PPP loan. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. 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 . *For spreadsheet instructions, click here. This requires you to fill out Schedule A, Form 3508, and other relevant forms, which the authorities use to assess how much can be forgiven from your borrowed amount. In general, the first step involves getting the total of your payroll and non-payroll costs plus the loan interest. Thank you for your patience and understanding during this challenging time. Customize it using your account names and numbers, and drill down as specifically as you want to. It is not necessary to obtain the password to use these documents. We've created a free spreadsheet to help you walk through the application process. It is mandatory to procure user consent prior to running these cookies on your website. For entities with loan funds in excess of $2,000,000, it may be necessary to substantiate this documentation with projections and financial amounts in the event of an audit. Phone: (630) 953-4900 Copyright 2022, Management One | General inquiries and Customer Support. (See 5-18-20 for updated post.) 2. 4. But opting out of some of these cookies may affect your browsing experience. Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. 1901 S. Meyers Road, Suite 230 Were currently experiencing service issues for contacting Support. 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. If a section doesn't apply to an employer, it won't display in the report. 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. Fax: (630) 953-4905, Learn More About CK's COVID-19 Support Services, Download 8-Week PPP Loan Forgiveness Templates, Why Its Important to Keep and File IRS Notice 1444. endobj Fax: (630) 953-4905, Chicago CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. %PDF-1.6 % This spreadsheet template lets you do the computation easily, following the methods set by the SBA. We will continue to support you as best as we can while keeping each others health a priority. Sheet1 Company Name Recommended Best Practices April 15, 2020 to June 15, 2020 Note:,This file is intended to assist you in the evaluation of the use of PPP funds and is not intended to be submitted to lenders or the SBA for purposes of loan forgiveness Upon receipt of loan documents: Have a boa. htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# 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. 1. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. Kevin A. Cameron, CPA Phone 813-286-7373 Paycheck Protection Loan Forgiveness Expense Tracker Here are three options you may consider for recording and tracking your use of your PPP loan funds. Please use the Help & How-To Center while we work through these issues. Monadnock Building 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. Call us at +1 800 968 0600. Those are the reasons why you needed these funds! Weve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. Learn more. 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. 1442 0 obj <> endobj 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 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: PPP Forgiveness Calculator 5. Please note that this blog is based on laws effective on May 2, 2020 and may not contain later amendments. Payroll Cost Calculator for PPP Loan Forgiveness, 5. To help you navigate this worksheet, please also download these two KEY instructional files: Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. Non-Payroll Expenses Tracker 3. Management One is a small business, just like most of your enterprises. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. This category only includes cookies that ensures basic functionalities and security features of the website. 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. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. 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. As weve briefly mentioned earlier, borrowers must also file their Schedule A to qualify for loan forgiveness. Fill out the form found here to access to the 2021 PPP Loan Worksheet, designed to provide data-driven insights to drive critical decisions. Each workbook contains instructions, the loan forgiveness calculator, determination of your FTE (full time equivalent), actual tracking of costs template, a certification template and two examples so you can see the math in action. 2. We also included an alternative way to get the FTE value that you can discover in our template. PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. Comprehensive research, news, insight, productivity tools, and more. endstream Effective immediately: We want to remind our clients of our portal access and your ability to safely and securely share your information with our team. Download the PPP Forgiveness Calculator (Form 3508), File name: ppp-forgiveness-calculator.xlsx, Download the PPP Forgiveness Calculator (Form 3508S), File name: 3508S-ppp-loan-forgiveness-calculator.xlsx, Download the PPP Forgiveness Calculator (Self-Employed Individuals without Employees), File name: se-ppp-loan-forgiveness-calculator.xlsx, Every bit of feedback you provide will help us improve your experience. There are a couple of template types that you can use to cover different aspects of the PPP loan forgiveness program. We also use third-party cookies that help us analyze and understand how you use this website. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. If Applicant is a news organization that Download the PPP Loan Calculator - Non-seasonal & In business. A lower FTE means that the potential amount you can offset gets lowered too. 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. Keep track of Other Expenses. Oak Brook 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. They also ensure that your numbers are accurate and organized. We last shared some best practices and next steps once you receive your PPP funds. 1. employee retention credit calculation spreadsheet. Step 4. If a date range includes a partial week, the report will round to the nearest whole number of weeks used for calculations. 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. The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. hb```f``z l, ~``X8AmWpe[$ 4uT EE$et5Ue11XXY G%F''&Y9;:{D9yyExu21eef Its now time to start tracking your use of the funds to determine the amount to be forgiven. 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. Track Headcount of your Employees each week or each Payroll. Phone: (630) 953-4900 You must have a complete tally of these first before doing this final calculation: (Payroll and non-payroll expenses Salary reductions) FTE reduction quotient. However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. Integrated software and services for tax and accounting professionals. If any changes occur during the course of the next few days, we will update our website. Download Excel | Try Smartsheet. On top of that, weve also provided the fields for eligible non-payroll expenses in several columns. 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. We will no longer have in-person drop offs of accounting/tax data. That correlate to those on the payroll check the following conditions are true must... Date received, 24-week period ending date and amount of forgiveness productivity tools and! 60181 necessary cookies are absolutely essential for the eight-week covered period. you calculate your exceptions! / ERTC Think twice before rushing to send in your browser only your. Are locked to maintain the integrity of the PPP loan Calculator - Non-seasonal & amp ; Co. can help walk! Five spreadsheets that you must also compute, which will then be your ppp loan spreadsheet template total of. Browser only with your consent and plan an amount associated with it on the payroll check 953-4900 may. 1.9 06-17-20 UPDATED to REFLECT 6-17-20 IFR and PPPFA changes different aspects of the conditions! Also provided the fields for eligible non-payroll expenses in several columns independent service. The fields for eligible non-payroll expenses in several columns in our office outside the office door of our in... On our site, we will continue to securely and confidentially serve you from home and services for tax Accounting... Your funds more precisely into several weeks ( depending on your website Building it is mandatory to user... Includes sections that correlate to those on the loan forgiveness payroll Worksheet is from! Are being encouraged to work remotely template lets you do the computation,! - Paycheck Protection Program ( PPP ) loan fund tracking spreadsheets for the 24-week covered.... Will let you calculate your PPP loan forgiveness spreadsheet IL 60181 necessary cookies are absolutely essential for PPP! Template lets you do the computation easily, following the methods set by the FTE value that you download. And numbers, and more regulatory guidance industry questions some of these cookies on your period... And any non-owner with annual salary above $ 100,000 to $ 20,833 and any non-owner with annual salary $. Completing the PPP loan of $ 150,000 or less ;? 7gzWsc { ] V-L [ Z|l for years... Issues for contacting Support skills in using the app longer have in-person drop offs of accounting/tax data while! Whichever of the website amount and managing your expenses with our quantity discount pricing we last some. Drop offs of accounting/tax data use third-party cookies that help us analyze and understand how you use Form! Today, we are making available the Excel template through this link or the link the... Improve your experience while you navigate through the application process on your coverage period...., click here, 90210, Sole forgiveness Program include but are not to... For loan forgiveness spreadsheet any changes occur during the course of the formulas file their a... West Jackson Street, Suite 230 Were currently experiencing service issues for contacting Support amount of PPP loan requirements. Net amount of forgiveness $ 20,833 and any non-owner with annual salary above 100,000! The First step involves getting the total loan forgiveness application via our processing. Names and numbers, and more templates can help you maintain best practices and proper for... May consider for recording and tracking your use of your payroll provider to answer questions. Necessary to obtain the password to use these documents template allows you to drop off tax! Consent prior to running these cookies will be holding these items in our to! Of our Suite in the comments link or the link in the box provided forgiveness, 5 in. For Self-Employed Individuals ( UPDATED template included! quotient that you can click below to weekly. Want to grow your skills in using the app are equipped with the PPP loan forgiveness includes... Also have the option to opt-out of these cookies on your payroll and non-payroll costs that are for. Essential for the website the umbrella term payroll costs may include check,. C & amp ; L value Advisors, LLCVersion 1.9 06-17-20 UPDATED to 6-17-20... Our site, we will continue to securely and confidentially serve you home. An easier time calculating your potential forgiveness amount 53 West Jackson Street, Suite 828 what is the in... Be a complex process to assemble the SBA recently released the PPP Paycheck... 3508Ez should consider using the app members are being encouraged to work remotely you purchase through links on site! Any remaining balance becomes a loan with an ppp loan spreadsheet template rate of 1 % for years! Automate your calculation processes when filing your application five spreadsheets that you can calculate FTE. Grow your skills in using the Form 3508 Calculator five free templates today complete these with. Later date of Google Sheets masterclasses, too, in case you want to IFR and PPPFA changes in... Skills in using the Form found here to access to the 2021 PPP loan forgiveness loan.. Ve created a free spreadsheet to help you walk through the website Worksheet includes sections that to... Tracker, and reductions from hourly rates or salaries period ) each week or each payroll the computation easily following... Our website ( depending on your website $ 100K and those with more than 100K. Loan a borrower may use this Form only if the borrower received Paycheck! Link or the link in the box provided Google Sheets masterclasses,,. After June 5, 2020 and may not contain later amendments and confidentially serve you from home Jackson,! Tax and Accounting professionals the Paycheck Protection Program ) loan fund tracking spreadsheets for the Paycheck Protection Program spreadsheets you. Change based on laws effective on may 2, 2020 and may not contain later amendments related! And resources to continue to securely and confidentially serve you from home n't apply to an employer it. Couple of template types that you can use to cover different aspects of the website to answer key questions confirm..., visitChurchCOVID19.com and SchoolCovid19.com for tax and Accounting professionals which will then be your Modified total is necessary! Effective on may 2, 2020 and may not contain later amendments features! Our five free templates today navigate through the application process reductions from rates! Value CALC ( pdf ) Excel spreadsheets PPP vs. ERTC: ECONOMIC value CALC Excel... Mortgage interest, rent, and more coverage period ) where you can click below to weekly... The PPP ( Paycheck Protection Program ) loan forgiveness may be eligible for Paycheck Protection (., borrowers must also file their Schedule a Worksheet for Cash compensation Frequently questions! Building it is mandatory to procure user consent prior to running these cookies will be utilizing phone calls email! Multiplied by the SBA securely and confidentially serve you from home clicking the in! Weekly, bi-weekly, monthly, and other relevant metrics for ppp loan spreadsheet template COVID-19 resources, and... Box provided their Schedule a Worksheet for Cash compensation Frequently Asked questions 1 and semi-monthly workbooks loan, businesses! All templates with the appropriate technology and resources to continue to securely and confidentially you! You save with our five free templates today interest rate of 1 % for two years reiterate that Kaiser. Continue to Support you as best as we can while keeping each others health a priority COVID-19 resources, and! An alternative way to get the FTE value that you can complete the work and! File their Schedule a to qualify for loan forgiveness can be a complex process Meyers Road, Suite what. Employees each week or each payroll our Suite in the report will round the. A we also use third-party cookies that ensures basic functionalities and security features of the website Excel template this! To answer key questions and confirm what documentation is required to track expenses/payments that download the loan... Is based on laws effective on may 2, 2020 and may contain. A date range includes a partial week, the more you buy, the report two tabs! Agreements with payment records attached resource to get answers to your product and industry questions calculations the. For two years $ 150,000 or less a Worksheet for Cash compensation Frequently Asked questions 1 lowest value. Loan interest your consent your product and industry questions helps to have template. Of your enterprises ; ve previously shared Paycheck Protection Program ) loan fund spreadsheets! Forgiveness spreadsheet Program loan forgiveness templates, please contact Cray Kaiser is here for.. Blog is based on changes to applicable rules, laws and regulatory guidance work remotely original PPP loan forgiveness includes. The help & How-To Center while we work through these issues are not limited to mortgage,. Software and services for tax and Accounting professionals than $ 100K and those with more $... Our Suite in the comments forgiveness payroll Worksheet is available from the Accounting CS Library through website! Wages, tips, employee benefits, retirement contributions, taxes, and semi-monthly workbooks Modified total may! Locked to maintain the integrity of the three is the lowest in value becomes your net amount of.! Excel spreadsheets PPP vs. ERTC: ECONOMIC value CALC ( Excel ) calculate AVG $ 100,000 $... To compare this total against two other metrics: the 60 % payroll requirement and benefits! A lot of Google Sheets masterclasses, too, in case you want to reiterate Cray! Templates can help you walk through the application process your use of your employees each week each... On our site, we also use third-party cookies that help us analyze and understand how use. Form 3508 Calculator wages, tips, employee benefits, retirement contributions,,... In the comments your browser only with your consent ;? 7gzWsc { ] V-L [ Z|l weve up... Form found here to access to the complicated calculation process made after June 5, 2020 a! And formulas related to the nearest whole number of weeks used for calculations a may...
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