Transcription of PPP Loan Forgiveness - Documentation
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As of October 2, 2020 PPP loan Forgiveness -DocumentationAs of Oct. 2, 2020 Table of Contents2 TopicPagesPayrollDocumentation3 Cash Compensation EmployeeHealth Insurance Employee Retirement Plans State & Local TaxesNon-payroll Documentation4 Mortgage InterestPayments Rent or Lease Payments Utility PaymentsFTE Documentation5 -6 DocumentsBorrowers Must Maintain7 -8As of Oct. 2, 2020 All Borrowers -Payroll Expense Documentation3 Expense TypeAcceptableDocumentsCash Compensation(StandardApp Schedule A Lines 1, 4, and 9&Standard App loan Forgiveness Calculation Form Line 1)(EZ App-Line1)Please note: Acceptable documents for each employee are capped at annualized rate of $100,000 ($15,385 for 8-week covered period, $46,154 for 24-week covered period). Employee must have been employed during the covered period and have a principal residence.
Oct 02, 2020 · & Standard App Loan Forgiveness Calculation Form –Line 1) (EZ App - Line 1) Please note: Acceptable documents for each employee are capped at annualized rate of $100,000 ($15,385 for 8-week covered period, $46,154 for 24-week covered period). Employee must have been employed during the covered period and have a U.S. principal residence.
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