AICPA Releases Revised PPP Loan Forgiveness Calculator

John (Rusty) Davis, CPA

The Loan Forgiveness Calculator, updated as of June 24, 2020, uses available guidance from the Small Business Administration and Treasury, along with interpretations of that guidance (see notes throughout) to estimate the amount of a PPP loan that may be eligible for forgiveness. Please contact our office for assistance with the revised calculator and related accounting treatment and tax planning for 2020.