Payroll Protection Program (PPP) Calculating Tool and Tutorial
Video updates included:
- A section to designate your business type
- The wording of the application surrounding owners of the business owning other businesses (and an associated sample template to fill out)
- Added a section to indicate whether or not you have received an EIDL loan
- Clarification on how to tie to the 941’s/940.
The Payroll Protection Program allows your company to borrow up to 2.5x your average monthly payroll costs in 2019. If your company uses the money to continue to pay employees, it can be up to 100% forgiven! Please, feel free to download and use our free tool for calculating your company’s estimated Payroll Protection Program loan amount. Below you will find a tutorial video that briefly explains the PPP and how to use the tool.
If you need any additional assistance with any COVID-19 related item, please reach out to us through this simple form and a team member will be in contact with you within 24 hours.