PPP Loan Forgiveness Applications
November 17, 2020
As we prepare for year-end, HBE has started reaching out to our clients who have received a Paycheck Protection Program (PPP) loan to see how they are coming along with the forgiveness application. We understand that this process can be challenging and are able to offer multiple levels of support for those who will be taking steps toward forgiveness.
If you currently work with our firm for your tax or accounting needs and have already submitted your forgiveness application on your own, we ask that you please send us a copy of your completed application along with any bank or SBA confirmations to ensure that we have your documents on file. This information will be needed for tax filing purposes in early 2021.
For those who would like HBE assistance with the forgiveness process but have not started compiling documentation or have not sent your documentation to our office, we encourage you to begin doing so at your earliest convenience. Although you may not be filing for forgiveness right away, our team would like to proactively begin working through the application so that we can ensure accurate information is compiled, forms are started, and outstanding questions are identified. The sooner we can get started, the less likely it will be that there will be delays in the process. This will be particularly important as we prepare for the upcoming tax season.
For a list of the information that will be required for most businesses and nonprofit organizations to complete their PPP loan forgiveness application, please click here.
HBE has a team dedicated to serving our clients with PPP loan matters. Please contact our office if you have any questions or would like assistance with completing your PPP loan forgiveness application.
This communication and any applicable contents pertaining to COVID-19 employer relief provisions is based on our professional judgment given the facts provided to us and the COVID-19 employer relief provisions guidance as of the date of the communication. Subsequent developments changing the facts provided to us, or differences in the final guidance and regulations once they are issued, may affect the advice provided. These effects may be material.