Patriot Software, LLC, an accounting software and payroll company, has released a Paycheck Protection Program (PPP) Forgiveness Report to help simplify the complex and daunting process of applying for PPP loan forgiveness.
Patriot’s Basic and Full Service Payroll customers who took out forgivable PPP loans can use the PPP Forgiveness Report to help them fill out their forgiveness applications with their lenders.
To run the report, customers just need to provide a few details about their PPP loan in the software. Patriot’s PPP Forgiveness Report then downloads as a PDF, giving customers the payroll cost amounts needed to fill out portions of Schedule A on the forgiveness application.
“The Paycheck Protection Program was a lifeline for many small business owners. Unfortunately, filling out the forgiveness application can be time consuming and confusing,” said Nigel Nabuurs, Product Manager. “With our PPP forgiveness report, our customers don’t have to worry about gathering all of their employee compensation data—it’s all in one place using the rules outlined in the application. Borrowers can also submit the report to their lender as part of the forgiveness application’s supporting documentation.”
Patriot’s PPP Forgiveness Report isn’t the only way the company has helped customers navigate through the intricacies of COVID-19 emergency relief.
At the onset of the Paycheck Protection Program, Patriot was quick to give payroll customers clear-cut instructions on pulling payroll data in the software for the initial PPP loan application. Further, Patriot made it easy for Full Service customers to defer employer and employee Social Security taxes, provide paid leave to employees under the FFCRA and claim the corresponding tax credit, and claim the Employee Retention Credit within the software.
Throughout the pandemic, Patriot has also worked to bring both its customers and non-customers crucial information on COVID-19 tax credits and loan options through its COVID-19 resource center.
Patriot Software, located in Canton Ohio, provides award-winning online accounting software and online payroll for American businesses. For information on all of Patriot’s products servicing the United States, contact Patriot Software, LLC at 877-968-7147, or visit www.patriotsoftware.com.
Patriot Software, LLC