Paycheck Protection Program (PPP)Loan Forgiveness Consulting and Claim Form Preparation
Accounting Solutions Ltd. can guide you through the process and prepare the forms, schedules, and documentation necessary to apply for forgiveness of your PPP Loan.
The services we provide are based upon our current understanding of the terms and conditions of Payroll Protection Program Loan Forgiveness as set forth in The CARES Act. This Program and its related forgiveness provisions, are subject to further clarification and interpretation as additional guidance and regulations are issued by the various governmental agencies.
Our Three Phase Process of support includes:
Gather information on the exact amount of the PPP Loan and the date that the amount was funded. Provide an initial virtual consultation to:
-Review forgiveness requirements
– Provide an initial estimate on the amount of loan forgiveness
– Begin the process of collecting documents
We will provide continuing assistance and consulting up to the date of loan forgiveness form submission.
This will occur approximately four weeks after initiation of The PPP Loan:
– Provide another virtual consultation
– Review forgiveness requirements
– Continue collecting the documents necessary for the forgiveness application
– See if you are on track for a full or partial forgiveness of the loan
Prepare the Payroll Protection Program Loan Forgiveness Application and any necessary Schedules and Documentation for submission to you lending institution.
|PPP Loan Size||Expected Total Fee||Due Upon Execution||Due After 4 Week Consultation||Due Upon Delivery of Loan Forgiveness Package|
|Less than $50,000||$1,250||$450||$400||$400|
|$50,000 – $100,000||$2,500||$900||$800||$800|
|$100,000 – $250,000||$3,500||$1,500||$1,000||$1,000|
|$250,000 – $500,000||$5,000||$1,750||$1,625||$1,625|
|$500,000 – $1,000,000||$7,500||$2,500||$2,500||$2,500|
Existing Accounting Solutions Ltd. Clients will receive a 25% discount on this fee schedule.
Ready to Get started with our PPP Loan Services?
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