Businesses that have managed to secure financing through the Paycheck Protection Program (PPP) are fortunate—but also have a lot of work ahead of them. In order to qualify for loan forgiveness, recipients will need to provide banks with specific information, including up-to-date financials.

Organizations that have a controller or other such financial administrator on staff are more likely to be in a good position to meet the stringent reporting regulations. Businesses without such a team member would benefit greatly from securing outside help in order to adhere to the strict rules.

If your organization falls into the latter category, or if your financial administrator is not up to the task alone, you should seriously consider reaching out to Harris CPAs to discuss your options when it comes to outsourced accounting services. Our outsourcing team is prepared to help guide organizations in achieving successful PPP loan forgiveness and more. 

We can assist you with:

• Review of PPP loan application funding
• Review projected spending of PPP loan proceeds and consult on how to maximize loan forgiveness
• Review of the salary & wage reduction and FTE workforce reduction, if applicable
• Modeling loan forgiveness with our PPP loan estimator
• Preparation of the SBA’s PPP loan forgiveness application

Our team is here to offer sound advice, clear guidance, and knowledgeable input to help you achieve financial relief during this uncertain time. Contact us today to discuss how we can accommodate your unique situation.