Ppp Schedule A Worksheet Tables

Ppp schedule a worksheet.

Ppp schedule a worksheet tables. Complete the tables 1 2 with all your employees names and salary information. Schedule a worksheet p 9 1. Enter the amount from line 3 of ppp schedule a on line 5 of the loan forgiveness application form. When you run the report plug in the date range for your coverage period or alternative coverage period.

Enter the amounts from ppp schedule a worksheet tables as directed. Ppp schedule a worksheet table 1. For lines 2 and 3 you ll need the average fte box 2 and the salary hourly wage reduction box 3 from ppp schedule a worksheet table 1. List every single employee on your payroll during the covered period or the alternative payroll covered period.

Schedule a worksheet instructions pp 7 8 4. Schedule a instructions p 5 3. Ppp forgiveness application and attestation pp 3 4 1. Enter the total from box 3 salary hourly wage reduction from the ppp schedule a worksheet.

Do not include anyone who does not live in the us any independent contractors yourself or your partners. To fill out the ppp forgiveness calculation form begin by filling out the schedule a worksheet. Ppp schedule a worksheet table 1. Choose the schedule a tables that match the forgiveness period you have selected either 8 week or 24 week.

Ppp schedule a requires that separate tables be completed for differently situated employees table 1 applies to. And 2 received compensation at an annualized rate of less. Documents required with submission and documents to retain p 10 5. Don t worry we ll cover where to find these totals later in this article.

There are two tables that ask for various wage data depending on the classification of each employee. For lines 6 through 9 during the covered period or the alternative payroll covered period. Instructions for ppp schedule a. Enter the amount in box 1 cash compensation table 1 from the ppp schedule a worksheet.

Borrower demographics p 11. 1 employees employed at any point during the covered period or alternative payroll covered period principal place of residence was the us. Were employed by the borrower at any point during the covered period or the alternative payroll covered period whose principal place of residence is in the united states. Similarly for line 5 and lines 11 13 it s easier to skip these for now.

Schedule a p 6 1. A good portion of the data you need for schedule a won t come directly out of a patriot report at this time. Lines 1 through 5. As a patriot customer you ll be able to gather a few reports from within your account to fill out the schedule a worksheet.

Table 1 is for employees who make less than or equal to an annualized 100k. If you paid all of your employees at least 75 of their average salary or hourly wage check the box and enter zero on line 3. Application instructions pp 1 2 2. This is the third component of the ppp forgiveness application but should ideally be completed before the second component.