The U.S. Small Business Administration (SBA) has released three forms and corresponding sets of instructions for borrowers when applying for forgiveness of the Paycheck Protection Program (PPP) loans.
The PCPS Forgiveness Form Decision Tree walks borrowers through the key questions and considerations to keep in mind when selecting the appropriate forgiveness form. Borrowers can use the guides to reach a tentative conclusion about the form that will work best for their circumstances.
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This tool is an example of the turnkey practice management tools and resources PCPS delivers. PCPS is an add-on firm membership section within the AICPA. A PCPS firm membership, at only $35 per CPA, up to a max of $700 per firm, is a great investment for a broad range of practice management resources. Register for a virtual tour to learn more.