WebStep 3: Multiply this number by the FTE Reduction Quotient (Schedule A, line 13) The result is OPTION 1. Step 4: Record your PPP Loan Amount. This is OPTION 2. Step 5: Divide your … WebFeb 17, 2024 · There are two tests included in the PPP loan forgiveness application to determine whether you qualify for the salary/hourly wage reduction safe harbor. If the average annual wage or salary paid between …
How to Fill Out Your PPP Forgiveness Application Form
WebNov 11, 2024 · To get started on your PPP loan forgiveness application we suggest starting with the PPP Schedule A (Page 3 of SBA Form 3508). The easiest way to fill out the … WebThe PPP Loan started straightforward but has become increasingly complex. If there's one thing that CPAs love to do, it’s taking a form and developing an exc... thomas markle jewelers memorial
How to enter PPP loans and EIDL grants in ProSeries - Intuit
WebJul 28, 2024 · Updated July 28, 2024 to include the new SBA PPP Direct Forgiveness Portal. If you took out a Paycheck Protection Program loan for $150,000 or less, the SBA instructs you to use the PPP Forgiveness Application Form 3508S when applying for forgiveness. Originally this form was for loans of $50,000 or less but the Economic Aid Act, or … WebFeb 9, 2024 · Paycheck Protection Program (PPP) EZ Loan Forgiveness Application Form. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2024. Existing … WebThe PPP (Paycheck Protection Program) Loan Forgiveness Payroll Worksheet is available from the Accounting CS Library. You can provide this report to your clients to help them … uhf360 uhf cb radio