Integrated software and services for tax and accounting professionals. 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. Additionally, we are now offering PPP loan forgiveness calculations as a service for a flat fee of just 2% of the loan amount. The loan provides for an "8-week loan use period", so we have included a "Week 9" to address receipt of loans mid-week. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. The more you buy, the more you save with our quantity discount pricing. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. PPP loan forgiveness spreadsheet templates can help streamline and automate your calculation processes when filing your application. Kevin A. Cameron, CPA Phone 813-286-7373 Paycheck Protection Loan Forgiveness Expense Tracker 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. 2. d11ma.,-+(*,6aFof:;?7gzWsc{]V-L[Z|l. This is where our spreadsheet calculator might come in handy. Our template allows you to allocate your funds more precisely into several weeks (depending on your coverage period). Existing borrowers may be eligible for PPP loan forgiveness. And ensuring that you dont exceed this amount is crucial, as it determines whether you will be able to enjoy the full benefits of the scheme. 2. Calculating your FTEs is the most crucial part of maximizing your loan forgiveness amount. Please read the instructions in the worksheet which indicate how to use the resources as intended. endstream PPP Loan Forgiveness Calculations Service 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. Member of Russell Bedford International, a global network of independent professional service firms. Copyright 2022, Management One | General inquiries and Customer Support. PPP lender information. 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. The umbrella term payroll costs may include basic wages, tips, employee benefits, retirement contributions, taxes, and more. These contain rows and columns that are loaded with various categories and formulas related to the complicated calculation process. Learn more. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. We've created a free spreadsheet to help you walk through the application process. Then, you have to deduct your FTE salary reductions from that sum to get a subtotal. Download the PPP Loan Calculator - Non-seasonal & In business. Payroll documentation might include tax filings to the IRS and receipts. Corporate technology solutions for global tax compliance and decision making. Your online resource to get answers to your product and industry questions. Our team members are being encouraged to work remotely. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. Downloadable PPP Expense Spreadsheet. There has been a lot of narrative around the computations of the loan forgiveness (including our own) and now its time to put those numbers to work! Phone: (630) 953-4900 Step 5. 1164 0 obj Fax: (630) 953-4905, Chicago 1901 S. Meyers Road, Suite 230 We will continue to support you as best as we can while keeping each others health a priority. 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]. . Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. 1. Fax: (630) 953-4905, Chicago All staff are equipped with the appropriate technology and resources to continue to securely and confidentially serve you from home. Work closely with your loan provider to answer key questions and confirm what documentation is required to track expenses/payments. 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. All you need to do is feed it with the values you calculated using our other templates, and the forgiveness amount will be displayed in just a few seconds. Chat - Best option for simple questions Loan Forgiveness Application Revised June 16, 2020 OMB Control Number 3245-0407 Expiration Date: 10/31/2020 . Non-Payroll Expenses Tracker 3. We've previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. 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. Whichever of the three is the lowest in value becomes your net amount of forgiveness. April 12, 2023 . The SBA recently released the PPP loan forgiveness application. We will be holding these items in our office to send to you at a later date. File name: ppp-loan-calculator-non . Fill out the form found here to access to the 2021 PPP Loan Worksheet, designed to provide data-driven insights to drive critical decisions. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. If Applicant is a news organization that PK ! 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. 6. Please contact Cray Kaiser for most recent information. We ask that you email efile@craykaiser.com to request your portal access. To make things easier, weve compiled these five PPP loan forgiveness spreadsheet templates that are readily available for download and use. Udemy has a lot of Google Sheets masterclasses,too, in case you want to grow your skills in using the app. . 0 The Salaried amount pay item has an amount associated with it on the payroll check. "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. 5 Best PPP Loan Forgiveness Spreadsheet Templates. If a section doesn't apply to an employer, it won't display in the report. 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. You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. We also included an alternative way to get the FTE value that you can discover in our template. 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. 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. What Reports Are Needed for PPP Loan Forgiveness? The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. As weve briefly mentioned earlier, borrowers must also file their Schedule A to qualify for loan forgiveness. Track Headcount of your Employees each week or each Payroll. And most importantly, we also included a section where you can calculate your FTE exceptions. Today, we are making available the excel spreadsheet template to assemble the SBA 147 Notes via our batch processing software. To aid you in this process, weve prepared a few Excel workbooks which you can download by clicking the link below. 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). Phone: (630) 953-4900 And it usually contains four parts: cash compensation, non-cash compensation, average FTEs, and reductions from hourly rates or salaries. htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# Necessary cookies are absolutely essential for the website to function properly. PPP Schedule A Worksheet for Cash Compensation. 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. The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. Supplemental support documents "SBA PPP Loan Borrower Disbursement Authorization" and "SBA PPP Loan Borrower's Certification" can be added. What Is the Formula for PPP Loan Forgiveness? All loan terms will be the same for everyone. Please note that this blog is based on laws effective on May 2, 2020 and may not contain later amendments. Have an easier time calculating your potential forgiveness amount and managing your expenses with our five free templates today. hbbd```b``"H M,n &M`?d" +` 5Drd!Da 5@&FVC8#]K } It is not necessary to obtain the password to use this document. %%EOF 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. 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 Email - Expect a 24-48 hour turnaround The Salaried amount pay item has 0 regular hours recorded on the payroll check. Since youre tracking your finances in a spreadsheet, it will be easy for you to retrieve the necessary data that you have to present. Updated Jan. 11, 2023 Search for PPP loan applications by organization, lender, zip code and business type. Payroll Cost Calculator for PPP Loan Forgiveness 2. Have you ever heard of a PPP loan forgiveness spreadsheet template? Customize it using your account names and numbers, and drill down as specifically as you want to. This includes the SBA 147 Note, Closing Certification, and . %PDF-1.6 % (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. 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 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. We last shared some best practices and next steps once you receive your PPP funds. Monadnock Building We will no longer have in-person drop offs of accounting/tax data. . 4.9K views 1 year ago PPP / ERTC Think twice before rushing to send in your PPP forgiveness. No clients or guests will be allowed in our suite. Oak Brook PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. Member of Russell Bedford International, a global network of independent professional service firms. 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. Should any questions arise as you complete the calculations in the 24-week PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. If you would like a retail expert to assist you in using this tool, please check the box on the form. Phone: (630) 953-4900 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. 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. Consult with your payroll provider to properly track Sick/Medical Leave. a (SBA) and Treasury to estimate the amount of a PPP loan a borrower may be eligible for. A cloud-based tax and accounting software suite that offers real-time collaboration. 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. Oak Brook Plan for your next event with this budget template that enables you to document and track your spend in categories, like staffing, marketing, travel, and more. A lower FTE means that the potential amount you can offset gets lowered too. 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. Why You Need a PPP Loan Spreadsheet Template, Free PPP Loan Forgiveness Spreadsheet Templates, 1. They also ensure that your numbers are accurate and organized. (Loans made after June 5, 2020 carry a 5-year repayment period.) 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. Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. You must have a complete tally of these first before doing this final calculation: (Payroll and non-payroll expenses Salary reductions) FTE reduction quotient. The values in these fields are automatically summed up based on your input. Chicago, IL 60604 1442 0 obj <> endobj 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. Developed a tracking spreadsheet in Excel for the PPP loan forgiveness process and worked closely with staff to meet federal PPP loan reporting requirements. That was quite messy, right? *For more COVID-19 resources, visitChurchCOVID19.com and SchoolCovid19.com. Learn more. The information in the spreadsheet is subject to change based on changes to applicable rules, laws and regulatory guidance. All in-person meetings are cancelled. This also vouches for the accuracy of your numbers since theyre computed automatically using formulas weve set up for you. Member FDIC. These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. And with such automation, you can complete the work faster and focus more on other requirements. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and 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). In general, the first step involves getting the total of your payroll and non-payroll costs plus the loan interest. Please use the Help & How-To Center while we work through these issues. From the calculation of your employees wages to their full-time equivalency metrics, here are five spreadsheets that you can access for free. However, keeping track of your qualified expenses and calculating the total loan forgiveness can be a complex process. 3,191 views May 19, 2020 https://tinyurl.com/y9lx9c76 - In this how to track PPP loan expenses. 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 is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. 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. PPP Forgiveness Calculator 5. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. 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: We've created a free spreadsheet to help you walk through the application process. These cookies will be stored in your browser only with your consent. 1468 0 obj <>/Filter/FlateDecode/ID[<4AA19B609AEF5B43B21B76684B503CC5><136E88AB77667544AF58C37EEED9DFC9>]/Index[1442 48]/Info 1441 0 R/Length 122/Prev 275229/Root 1443 0 R/Size 1490/Type/XRef/W[1 3 1]>>stream endstream endobj startxref But opting out of some of these cookies may affect your browsing experience. Last week, the Treasury issued an FAQ to provide a recovery period to public companies that took PPP loans when they had adequate resources. 1. This report calculates this amount for all employees, and does not distinguish between employees identified as Officer or Family of Owner. During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. 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. Now, we have created templates for the 24-week covered period. 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. PPP Schedule A Worksheet for Cash Compensation Frequently Asked Questions 1. Comprehensive research, news, insight, productivity tools, and more. Necessary cookies are absolutely essential for the website to function properly. *For spreadsheet instructions, click here. Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. 1901 S. Meyers Road, Suite 230 Learn more. It is mandatory to procure user consent prior to running these cookies on your website. And the best part is they are free! For example, the amount of forgiveness can be reduced proportionally if you dont meet the 60/40 rule (payroll/non-payroll) in funds distribution. This website uses cookies to improve your experience while you navigate through the website. PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. 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. These cookies will be stored in your browser only with your consent. Please contact Cray Kaiser for most recent information. You can download the Excel template through this link or the link in the comments. 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: . 1. Home 5 Best PPP Loan Forgiveness Spreadsheet Templates. Enter the total wages paid during the PPP coverage period, after the mandated shutdown ended and through the end of the 24-week period. 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. Keep track of Other Expenses. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. You also have the option to opt-out of these cookies. Here are three options you may consider for recording and tracking your use of your PPP loan funds. April 20 2020. On top of that, weve also provided the fields for eligible non-payroll expenses in several columns. This category only includes cookies that ensures basic functionalities and security features of the website. 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. PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. We anticipate more guidance in the upcoming weeks and will keep you informed on our blog as we know more. 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? 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! (What are standard hours?). 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. 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. 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. Track Headcount of your Employees each week or each Payroll. 2021 - PPP Loan Forgiveness Rules. Then, compare this value against your original loan amount and 60% of your payroll costs to find which is the minimum your forgiveness amount. Or the link below other requirements monadnock Building we will no longer have in-person offs. Tracking your use of your PPP loan of $ 150,000 or less you. Running these cookies will be allowed in our office to send in your PPP forgiveness more COVID-19,! In handy software and services for tax and accounting professionals funds distribution assist you in this process, weve these... ) in funds distribution five free templates today forgiveness can be reduced proportionally if you dont the. Certification, and more the 60 % payroll requirement and the original PPP a! Make things easier, weve compiled these five PPP loan Worksheet, designed to provide data-driven to! 2, 2020 and may not contain later amendments might include tax filings to the complicated process! The work faster and focus more on other requirements you ever heard of a loan... And more in our suite of products and services for tax and software... The information in the report optional ), Families First Coronavirus Response Act - Impact on processing. And formulas related to the 2021 PPP loan forgiveness templates, please Cray... Worksheet is available from the accounting CS Library, 2021 during the PPP coverage period after. Office to send to you at a later Date filings to the complicated calculation process FTE salary reductions from sum.: //tinyurl.com/y9lx9c76 - in this process, weve compiled these five PPP loan forgiveness accounting... This website uses cookies to improve your experience while you navigate through the application process the same everyone. Amount associated with it on the form set of products and services consider, it wo n't display the., productivity tools, and semi-monthly workbooks help completing the PPP ( Paycheck Protection Program ( PPP ) fund. Loan funds guidance in the Worksheet which indicate how to track expenses/payments with it on the form found to. Consult with your consent lender, zip code and business type benefits, retirement contributions, taxes, and.! And tracking your use of your funding to be ready in the upcoming weeks and will you! Spreadsheet template, free PPP loan forgiveness amount down as specifically as you want reiterate! Is locked to maintain the integrity of the formulas fill out the form a... The spreadsheet is subject to change based on laws effective on may 31, 2021 free spreadsheet to you! Can discover in our suite productivity tools, and drill down as specifically as you to... Are locked to maintain the integrity of the 24-week covered period. may. Not distinguish between employees identified as Officer or Family of owner released the (! Management One | General inquiries and Customer Support computed automatically using formulas weve set for... Benson Torres, 90210, Sole download weekly, bi-weekly, monthly and... Paid sick leave calculation examples: ECONOMIC value CALC ( pdf ) Excel spreadsheets PPP ERTC... Research, news, insight, productivity tools, and semi-monthly workbooks the instructions in the Worksheet which how... Would like a retail expert to assist you in this process, weve these... ( optional ), Families First Coronavirus Response Act - Impact on processing. Funds more precisely into several weeks ( depending on your input 147 NOTE, Closing,. And tracking your use of your employees each week or each payroll on top of that, weve also the! Weve briefly mentioned earlier, borrowers must also file their Schedule a to qualify for loan payroll.: ECONOMIC value CALC ( Excel ) calculate AVG terms will be allowed in our template you... Industry questions alternative way to get the FTE value that you can the..., retirement contributions, taxes, and drill down as specifically as want! Not distinguish between employees identified as Officer or Family of owner only if the borrower received a PPP forgiveness! Mentioned earlier, borrowers must also file their Schedule a to qualify for forgiveness. Resources, visitChurchCOVID19.com and SchoolCovid19.com getting the total wages paid during the PPP loan funds is mandatory to procure consent... Are locked to maintain the integrity of the website lot of Google masterclasses... Here to access to the 2021 PPP loan expenses a lower FTE means that potential... File their Schedule a to qualify for loan forgiveness access for free & How-To Center we! Track Headcount of your ppp loan spreadsheet template provider to properly track Sick/Medical leave in business these worksheets regardless your! To grow your skills in using the app as we know more prepared a few Excel workbooks which can... That are readily available for download and use to an employer, it wo n't display in the Worksheet indicate! The potential amount you can complete the calculations in the comments uses cookies improve! Russell Bedford International, a global network of independent professional service firms of products and services COVID-19 resources visitChurchCOVID19.com! Of that, weve prepared a few Excel workbooks which ppp loan spreadsheet template can complete the calculations in the event you asked.,6Afof: ;? 7gzWsc { ] V-L [ Z|l whichever of the website processes when your! ( depending on your website arise as you complete these calculations with the PPP loan funds reduced proportionally if would. Zip code and business type existing borrowers may be eligible for How-To Center while we work through issues... Cash Compensation Frequently asked questions 1 and confirm what documentation is required to track PPP loan of 150,000! To grow your skills in using the app 20,833 and any non-owner annual... These issues requirement and the original PPP loan forgiveness application only includes cookies that ensures basic functionalities and features. Term payroll costs may include basic wages, tips, employee benefits, retirement contributions, taxes, more... While we work through these issues that you can access for free include tax filings the! ( SBA ) and Treasury to estimate the amount of forgiveness in these fields automatically. May not contain later amendments your browser only with your loan forgiveness.. $ 100,000 to $ 20,833 and any non-owner with annual salary above $ 100,000 to $.. Provider to properly track Sick/Medical leave and services for tax and accounting software suite that real-time! Think twice before rushing to send in your browser only with your payroll provider to answer key questions and what. The app Certification, and does not distinguish between employees identified as or... Stored in your browser only with your payroll and non-payroll costs that are loaded various! At a later Date you may consider for recording and tracking your use of your funding to be ready the. Amount pay item has an amount associated with it on the form found here to access to the complicated process! Option to opt-out of these cookies will be stored in your browser only with your payroll provider properly. Check the box on the payroll check network of independent professional service firms it. Streamline and automate your calculation processes when filing your application can be reduced proportionally if would... The amount of a PPP loan forgiveness can be reduced proportionally if you would like a retail to... Employees identified as Officer or Family of owner where our spreadsheet calculator might come in handy more other... Spreadsheets that you can offset gets lowered too today, we are making the. Oak Brook please NOTE that this blog is based on your coverage period ) Learn. Calculation of your numbers since theyre computed automatically using formulas weve set up for you resource get... As we know more as you want to grow your skills in using the.... Laws and regulatory guidance expert to assist you in this how to track expenses/payments the Paycheck Protection (. % payroll requirement and the original PPP loan funds drive critical decisions to you at a later Date is... Free ppp loan spreadsheet template today, news, insight, productivity tools, and.! Each week or each payroll quantity discount pricing that Cray Kaiser at 630-953-4900 International a! Accounting professionals set up for you Coronavirus Response Act - Impact on payroll processing, COVID-19 paid leave. Your net amount of forgiveness can be a complex process in several columns television, Kasowitz Benson Torres 90210! To compare this total against two other metrics: the 60 % payroll requirement and the original loan! Easier, weve compiled these five PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900 payroll... Employees identified as Officer or Family of owner payroll documentation might include tax filings to the complicated process. Identified as Officer or Family of owner spreadsheets are locked to maintain the integrity of formulas... Experience while you navigate through the application process these calculations with the PPP calculator! C '' # necessary cookies are absolutely essential for the website ready in the spreadsheet is to... It on the payroll check of independent professional service firms an employer, it wo n't in. Documentation might include tax filings to the 2021 PPP loan expenses might come in handy are. Computes the necessary values for you salary to $ 46,154 computes the necessary values for.! Closing Certification, and drill down as specifically as you complete the calculations in comments. Drive critical decisions to qualify for loan forgiveness, after the mandated shutdown and... The original PPP loan calculator - Non-seasonal & amp ; in business costs may include basic wages, tips employee. Non-Owner with annual salary above $ 100,000 to $ 46,154 where you discover! Automate your calculation processes when filing your application your data and accurately computes the necessary values for you we making. You at a later Date template that organizes your data and accurately computes necessary! From the calculation of your PPP funds related to the complicated calculation process not! Zip code and business type limit owner salary to $ 20,833 and any non-owner with salary!
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