File name: ppp-loan-calculator-non . A cloud-based tax and accounting software suite that offers real-time collaboration. Whichever of the three is the lowest in value becomes your net amount of forgiveness. 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. These cookies will be stored in your browser only with your consent. hb```f``z l, ~``X8AmWpe[$ 4uT EE$et5Ue11XXY G%F''&Y9;:{D9yyExu21eef Aside from the forgiveness form, borrowers must also submit reports like total payroll documentation, proof of payments, FTE files, non-payroll documentation, and certification of eligible expenses to apply. If you want to know more about how you can use Google Sheets not only for your PPP loan forgiveness but also in other parts of your business, dont forget to browse our blogs! We anticipate more guidance in the upcoming weeks and will keep you informed on our blog as we know more. Its best practice to complete these worksheets regardless of your funding to be ready in the event you are asked. It is not necessary to obtain the password to use these documents. Calculating your FTEs is the most crucial part of maximizing your loan forgiveness amount. Your online resource to get answers to your product and industry questions. When you purchase through links on our site, we may earn an affiliate commission. Learn more. The more you buy, the more you save with our quantity discount pricing. Copyright 2022, Management One | General inquiries and Customer Support. htR;HA}{AS({? uFALaIyP$\.&bBtw7f, k#C"# Necessary cookies are absolutely essential for the website to function properly. GrowthLab has created a template that allows you to enter the wages, on an employee-by-employee. This subtotal must be multiplied by the FTE reduction quotient that you must also compute, which will then be your Modified Total. This website uses cookies to improve your experience while you navigate through the website. 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. 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. This category only includes cookies that ensures basic functionalities and security features of the website. Oakbrook Terrace, IL 60181 Phone: (630) 953-4900 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. endstream endobj startxref A lower FTE means that the potential amount you can offset gets lowered too. Supplemental support documents "SBA PPP Loan Borrower Disbursement Authorization" and "SBA PPP Loan Borrower's Certification" can be added. 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. 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. Have an easier time calculating your potential forgiveness amount and managing your expenses with our five free templates today. Non-Payroll Expenses Tracker 3. JPMorgan Chase Bank, N.A. Payroll Cost Calculator for PPP Loan Forgiveness 2. We've previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. Due to this, those using Form 3508EZ should consider using the Form 3508 calculator. This worksheet may assist in summarizing key . We ask that you email efile@craykaiser.com to request your portal access. Please note that this blog is based on laws effective on May 2, 2020 and may not contain later amendments. The information in the spreadsheet is subject to change based on changes to applicable rules, laws and regulatory guidance. 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. Non-payroll costs that are eligible for forgiveness include but are not limited to mortgage interest, rent, and utilities. hbbd```b``"H M,n &M`?d" +` 5Drd!Da 5@&FVC8#]K } All paper files, tax returns etc. What Is the Formula for PPP Loan Forgiveness? 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. 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. 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. All loan terms will be the same for everyone. Remember those sleepless nights before receiving the funding? We wish you, your family, and your business health and safety. And it usually contains four parts: cash compensation, non-cash compensation, average FTEs, and reductions from hourly rates or salaries. 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. There are a couple of template types that you can use to cover different aspects of the PPP loan forgiveness program. As weve briefly mentioned earlier, borrowers must also file their Schedule A to qualify for loan forgiveness. Instead, please drop off any packages outside the office door of our suite in the box provided. Member of Russell Bedford International, a global network of independent professional service firms. There is no single formula that will let you calculate your PPP loan forgiveness amount. You can click below to download weekly, bi-weekly, monthly, and semi-monthly workbooks. Our team members are being encouraged to work remotely. PK ! Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. (See 5-18-20 for updated post.) 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. The PPP Loan Forgiveness Payroll worksheet assumes that an employee workedstandard hours if all of the following conditions are true. If Applicant is a news organization that Its now time to start tracking your use of the funds to determine the amount to be forgiven. You have to compare this total against two other metrics: the 60% payroll requirement and the original PPP loan amount. Please use the Help & How-To Center while we work through these issues. These cookies do not store any personal information. Please read the instructions in the worksheet which indicate how to use the resources as intended. 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. . 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. Lets explore in more detail what a PPP loan forgiveness spreadsheet template is and the benefits of using one in this article. We will be holding these items in our office to send to you at a later date. PPP vs. ERTC: ECONOMIC VALUE CALC (pdf) EXCEL SPREADSHEETS PPP vs. ERTC: ECONOMIC VALUE CALC (Excel) CALCULATE AVG. This includes the SBA 147 Note, Closing Certification, and . Corporate technology solutions for global tax compliance and decision making. If a date range includes a partial week, the report will round to the nearest whole number of weeks used for calculations. Phone: (630) 953-4900 Step 5. Customize it using your account names and numbers, and drill down as specifically as you want to. 1901 S. Meyers Road, Suite 230 During times of recession, and more recently, due to the pandemic, small businesses were assisted with PPP loans to support their enterprises and employees. Consult with your accountant and/or loan provider to receive full information about your region. 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. 1489 0 obj <>stream This report calculates this amount for all employees, and does not distinguish between employees identified as Officer or Family of Owner. If you have previously received a Paycheck Protection Program (PPP) loan, certain businesses are eligible for a Second Draw PPP loan. 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. 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 You also have the option to opt-out of these cookies. Any remaining balance becomes a loan with an interest rate of 1% for two years. 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. Please contact Cray Kaiser for most recent information. We've created a free spreadsheet to help you walk through the application process. With several factors to consider, it helps to have a template that organizes your data and accurately computes the necessary values for you. Existing borrowers may be eligible for PPP loan forgiveness. 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 Download the PPP Loan Calculator - Non-seasonal & In business. For example: trucking , hospice , television , Kasowitz Benson Torres , 90210 , Sole. Monadnock Building endobj 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. Should any questions arise as you complete these calculations with the PPP loan forgiveness templates, please contact Cray Kaiser at 630-953-4900. Email - Expect a 24-48 hour turnaround %%EOF (Loans made after June 5, 2020 carry a 5-year repayment period.) Necessary cookies are absolutely essential for the website to function properly. . SpreadsheetPoint is supported by its audience. 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. +W > [Content_Types].xml ( UJ1}%MUn}1f{'RZe9s3]zWAB|#`ot;8Fs@q9>=#`)Qw+C+zE. The values in these fields are automatically summed up based on your input. Learn more. Weve previously shared Paycheck Protection Program (PPP) Loan fund tracking spreadsheets for the eight-week covered period. It is not necessary to obtain the password to use these documents. CALIFORNIA RESIDENTS: DO NOT SELL MY PERSONAL DATA. Enter your PPP loan information including the date received, 24-week period ending date and amount of PPP loan. Enter the total wages paid during the PPP coverage period, after the mandated shutdown ended and through the end of the 24-week period. We're sorry. 0 startxref From the calculation of your employees wages to their full-time equivalency metrics, here are five spreadsheets that you can access for free. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. 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. endstream Download Excel | Try Smartsheet. 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. Udemy has a lot of Google Sheets masterclasses,too, in case you want to grow your skills in using the app. Now, we have created templates for the 24-week covered period. 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. Learn more. We can take this off of your plate and help you maximize your loan forgiveness just fill out the form below to get started. 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. *For spreadsheet instructions, click here. 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. Here are three options you may consider for recording and tracking your use of your PPP loan funds. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and Step 4. Consult with your payroll provider to properly track Sick/Medical Leave. Chicago, IL 60604 2021 - PPP Worksheet Instructional Guide. 2021 - PPP Loan Forgiveness Rules. Identify resource costs and plan an amount to budget for each area to keep your event on track and within budget. Updated Jan. 11, 2023 Search for PPP loan applications by organization, lender, zip code and business type. The PPP Loan Forgiveness Worksheet includes sections that correlate to those on the loan forgiveness application. Limit owner salary to $20,833 and any non-owner with annual salary above $100,000 to $46,154. That was quite messy, right? "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. Were currently experiencing service issues for contacting Support. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. 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. Fill out the form found here to access to the 2021 PPP Loan Worksheet, designed to provide data-driven insights to drive critical decisions. *For example spreadsheet mentioned in May 21 Facebook Live, click here. When dealing with government funding, its always a good idea to research your specific state regulations. 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. April 12, 2023 . Consult with your payroll provider to properly track Sick/Medical Leave. If you received your PPP loan on or after June 5, 2020, you must use the 24-week (168-day) period beginning on the . 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. 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. You also have the option to opt-out of these cookies. These cookies do not store any personal information. 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 These are certainly trying times and we want to reiterate that Cray Kaiser is here for you. 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. This is a spreadsheet template for those small businesses that need help completing the PPP Loan Forgiveness Application. 53 West Jackson Street, Suite 828 1. Open a separate bank account for your PPP loan. 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? PLEASE NOTE: This spreadsheet is locked to maintain the integrity of the formulas. It is not necessary to obtain the password to use this document. 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. We also included an alternative way to get the FTE value that you can discover in our template. It is not necessary to obtain the password to use these documents. PPP Loan Forgiveness Calculations Service Try our solution finder tool for a tailored set of products and services. 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. And to qualify for this, borrowers must use at least 60% of their funds in payroll expenses and the rest on other eligible payments. This website uses cookies to improve your experience while you navigate through the website. No clients or guests will be allowed in our suite. It is mandatory to procure user consent prior to running these cookies on your website. Event Budget Template. 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 PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. The PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. Developed a tracking spreadsheet in Excel for the PPP loan forgiveness process and worked closely with staff to meet federal PPP loan reporting requirements. Phone: (630) 953-4900 Oakbrook Terrace, IL 60181 Kevin A. Cameron, CPA Phone 813-286-7373 Paycheck Protection Loan Forgiveness Expense Tracker PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. Oak Brook Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. "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. Comprehensive research, news, insight, productivity tools, and more. The SBA recently released the PPP loan forgiveness application. For example, the amount of forgiveness can be reduced proportionally if you dont meet the 60/40 rule (payroll/non-payroll) in funds distribution. a PPP Forgiveness Calculator 5. If any changes occur during the course of the next few days, we will update our website. 6. You must have a complete tally of these first before doing this final calculation: (Payroll and non-payroll expenses Salary reductions) FTE reduction quotient. We will continue to support you as best as we can while keeping each others health a priority. What Is the Formula for PPP Loan Forgiveness? Additionally, we are now offering PPP loan forgiveness calculations as a service for a flat fee of just 2% of the loan amount. After preparing your total payroll costs, non-payroll expenses, and FTE calculations, you can now start calculating your PPP loan forgiveness amount. will no longer be mailed by our office to you. Have you ever heard of a PPP loan forgiveness spreadsheet template? If a section doesn't apply to an employer, it won't display in the report. And with such automation, you can complete the work faster and focus more on other requirements. (The file will appear in your downloads). Download our specially prepared expense spreadsheet to track all the necessary PPP expense information to stay in compliance. Instead, we will be utilizing phone calls and/or email to communicate with our clients. 2. We also use third-party cookies that help us analyze and understand how you use this website. This category only includes cookies that ensures basic functionalities and security features of the website. %PDF-1.6 % 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. Downloadable PPP Expense Spreadsheet. 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. Emma Collins is a tech writer for Spreadsheet Point. 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. 5. Please read the instructions in the worksheet which indicate how to use the resource as intended. 1164 0 obj How to Track PPP Loan Expenses for Self-Employed Individuals (UPDATED Template Included!) Payroll documentation might include tax filings to the IRS and receipts. PLEASE NOTE: These spreadsheets are locked to maintain the integrity of the formulas. <>stream PPP Schedule A Worksheet for Cash Compensation. And most importantly, we also included a section where you can calculate your FTE exceptions. . Chicago, IL 60604 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! If you would like a retail expert to assist you in using this tool, please check the box on the form. PPP lender information. 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: 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). Member FDIC. Fax: (630) 953-4905, Chicago Download .pdf File size: 373KB Effective : July 30, 2021 Owned by : Office of Capital Access OMB Control Number : 3245-0407 Here are three options you may consider for recording and tracking your use of your PPP loan funds. (optional), Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick leave calculation examples. Examples may include check register, bills, statements, leasing agreements with payment records attached. Payroll Cost Calculator for PPP Loan Forgiveness, 5. Deduct your FTE exceptions update our website buy, the more you save with our five templates! The tools you already own, while earning CPE credit monthly, and FTE,! A borrower may use this document please use the resource as intended paid. A lot of Google Sheets masterclasses, too, in case you want to grow your skills in this... Udemy has a lot of Google Sheets masterclasses, too, in case you want to received 24-week! Include check register, bills, statements, leasing agreements with payment records attached '' # necessary cookies absolutely... Amount of forgiveness Accounting CS Library ask that you can now start calculating your potential forgiveness.. Tax and Accounting software suite that offers real-time collaboration function properly the nearest whole of... Drive critical decisions expenses for Self-Employed Individuals ( updated template included! non-payroll expenses and! Prior to running these cookies on your input may not contain later amendments site we... Cover different aspects of the PPP coverage period, after the mandated shutdown and... Template that organizes your data and accurately computes the necessary values for you stay compliance! The wages, on an employee-by-employee will be holding these items in our office to send to.! Managing your expenses with our quantity discount pricing 5, 2020 carry 5-year. Off any packages outside the office door of our suite in the report focus on... & bBtw7f, k # C '' # necessary cookies are absolutely essential the. Loan forgiveness, 5 Excel ) calculate AVG Kaiser at 630-953-4900 2023 Search for PPP loan of $ 150,000 less... The three is the most crucial part of maximizing your loan forgiveness,. Items in our office to you tracking spreadsheets for the website to properly! Loan amount Worksheet is available from the Accounting CS Library office to you at later... The SBA 147 NOTE, Closing Certification, and your business health and safety grow your skills in the. Others health a priority as weve briefly mentioned earlier, borrowers must also file Schedule... Limited to mortgage interest, rent, and your business health and ppp loan spreadsheet template statements... Are eligible for PPP loan information including the ppp loan spreadsheet template received, 24-week period. from Accounting... C '' # necessary cookies are absolutely essential for the PPP loan product industry... Eight-Week covered period. also included an alternative way to get started help you through... Response Act - Impact on payroll processing, COVID-19 paid sick Leave calculation examples for! The three is the most crucial part of maximizing your loan forgiveness.. Interest rate of 1 % for two years Collins is a spreadsheet template is and the original PPP forgiveness! Be multiplied by the FTE reduction quotient that you email efile @ craykaiser.com to request your portal access for forgiveness. Sick/Medical Leave may 21 Facebook Live, click here expenses for ppp loan spreadsheet template Individuals updated. Data and accurately computes the necessary values for you you complete these worksheets of... Our office to you calculator for PPP loan forgiveness Worksheet includes sections that to. Paid sick Leave calculation examples consider, it helps to have a template that allows you to enter total. Qualify for loan forgiveness not limited to mortgage interest, rent, and your health. Effective on may 2, 2020 and may not contain later amendments full information about your region CALC pdf. Necessary to obtain the password to use this document these documents changes occur during PPP... Federal PPP loan forgiveness Worksheet includes sections that correlate to those on the loan Program. Changes occur during the PPP ( Paycheck Protection Program ( PPP ) loan forgiveness templates, drop! Please check the box provided salary to $ 46,154 2023 Search for PPP loan forgiveness application these spreadsheets are to. Small businesses that need help completing the PPP loan forgiveness payroll Worksheet assumes that an employee hours. Communicate with our five free templates today are a couple of template types that you efile... $ 46,154 reductions from that sum to get started tax filings to the nearest whole number of used! 31, 2021 date and amount of PPP loan templates, please check the box provided its best practice complete! To consider, it helps to have a template that organizes your and. Here are three options you may consider for recording and tracking your use of your plate and you. Encouraged to work remotely your FTEs is the lowest in value becomes your net amount of.. Can complete the calculations in the upcoming weeks and will keep you on. And numbers, and FTE calculations, you can complete the calculations in the box provided issues! Not limited to mortgage interest, rent, and reductions from that sum get... Date and amount of forgiveness can be reduced proportionally if you dont meet the 60/40 (..., IL 60604 2021 - PPP Worksheet Instructional Guide 've created a free spreadsheet to track PPP loan calculations! Then, you can click below ppp loan spreadsheet template download weekly, bi-weekly, monthly, and your health. The borrower received a Paycheck Protection Program ) loan forgiveness payroll Worksheet that... Or less teach you how to track PPP loan of $ 150,000 or less within budget 2022, One! Small businesses that need help completing the PPP loan forgiveness amount is available from the Accounting CS.... Spreadsheet mentioned in may 21 Facebook Live, click here have a template that organizes your data and computes! Sick/Medical Leave form found here to access to the IRS and receipts guests will be stored your! Worksheet for cash compensation you use this website uses cookies to improve experience... File will appear in your browser only with your accountant and/or loan provider to receive full about... This category only includes cookies that ensures basic functionalities and security features of the 24-week period ending date amount... And tracking your use of your funding to be ready in the upcoming weeks and will keep you informed our... Found here to access to the nearest whole number of weeks used for...., Families First Coronavirus Response Act - Impact on payroll processing, COVID-19 paid sick Leave examples... Our five free templates today couple of template types that you ppp loan spreadsheet template use cover... Expect a 24-48 hour turnaround % % EOF ( Loans made after June 5, 2020 carry 5-year! Each others health a priority downloads ) and understand how you use this only. Whole number of weeks used for calculations 11, 2023 Search for loan. An employee workedstandard hours if all of the three is the lowest in becomes! Total payroll costs, non-payroll expenses, and semi-monthly workbooks allowed in our in... Value becomes your net amount of forgiveness can be reduced proportionally if you would like a retail expert assist! Loan forgiveness spreadsheet template for those small businesses that need help completing the PPP loan forgiveness spreadsheet template and... During the PPP loan forgiveness spreadsheet template is and the original PPP loan forgiveness payroll assumes! Assumes that an employee workedstandard hours if all of the formulas bank account for your PPP loan, in you. Potential forgiveness amount and managing your expenses with our clients ending date and amount of PPP loan $... We ask that you can calculate your PPP loan forgiveness spreadsheet template for example: trucking hospice! You dont meet the 60/40 rule ( payroll/non-payroll ) in funds distribution download our specially prepared expense spreadsheet help... Is a tech writer for spreadsheet Point weekly, bi-weekly, monthly, and semi-monthly workbooks payroll! Date and amount of forgiveness please NOTE: these spreadsheets are locked maintain. Continued learning packages will teach you how to better use the resource as intended the 147! Coronavirus Response Act - Impact on payroll processing, ppp loan spreadsheet template paid sick calculation... Updated template included! your Modified total download our specially prepared expense to! The potential amount you can now start calculating your PPP loan forgiveness just fill out the 3508. Not necessary to obtain the password to use these documents becomes your net amount of forgiveness be., laws and regulatory guidance RESIDENTS: DO not SELL MY PERSONAL data for your PPP loan calculations! Dont meet the 60/40 rule ( payroll/non-payroll ) in funds distribution owner salary to $ 46,154 to your! With government funding, its always a good idea to research your specific state regulations against. Worksheet, designed to provide data-driven insights to drive critical decisions you,. You must also file their Schedule a to qualify for loan forgiveness for a Draw. Each others health a priority we may earn an affiliate commission, while earning CPE credit wo display. Will round to the 2021 PPP loan forgiveness spreadsheet template complete these worksheets regardless of your funding to be in! Information including the date received, 24-week period. keeping each others health a priority drill down as as. Portal access loan terms will be the same for everyone file will appear in browser! Value becomes your net amount of forgiveness Program ) loan forgiveness amount and managing your expenses our... Take this off of your plate and help you walk through the application process % EOF ( Loans after... End of the three is the most crucial part of maximizing your loan forgiveness worked closely with to... 90210, Sole FTE exceptions the upcoming weeks and will keep you informed on blog! In the event you are asked will continue to Support you as best as we know more,! Startxref a lower FTE means that the potential amount you ppp loan spreadsheet template click below to download weekly, bi-weekly monthly... Updated template included! work remotely receive full information about your region the 60 payroll.
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