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CPAs Launch Calculator That Automates PPP Forgiveness Stage
A new free-to-use online calculator is designed to help simplify the forgiveness step in the small business loan Payroll Protection Program (PPP). Developed by the American Institute of Certified Public Accountants (AICPA) and fintech lender Biz2Credit, the platform automates the forgiveness stage of the PPP. The tool incorporates an earlier PPP forgiveness calculator developed by the AICPA. The developers estimate the calculator, PPPForgivenessTool.com, will save several hours of manual work for any applicant going through the PPP loan forgiveness process. Any business with a PPP loan, regardless of the lender, can use the tool. The only requirement is that the small business is approved for the loan program. NOTE | There…