On May 18, the U.S. Treasury Department and Small Business Administration issued the PPP loan forgiveness application, which includes guidance on PPP loan forgiveness.
The AICPA's Firm Services/PCPS team has updated the calculator to reflect the information provided in the application. However, the guidance issued does not provide clarity in all of the areas that the profession and small business funding coalition continue to call for in an effort to help members assist small businesses.
The AICPA released this comment to continue to push Treasury to create clarity
and flexibility, including questions surrounding the 8-week loan period.
Download the AICPA PPP Loan Forgiveness Calculator
Note: This spreadsheet will open automatically or show up in your download folder.