The AICPA’s revised PPP Loan Forgiveness Calculator is now available.
Late Friday night, the Treasury Department and the SBA issued the PPP loan forgiveness application, which includes guidance on PPP loan forgiveness. The AICPA’s Firm Services/PCPS team updated the calculator to reflect the information provided in the application. However, the guidance issued does not provide clarity in all areas the profession and the small business funding coalition continues to call for, in our efforts 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.