The SBA has issued the requirements for receiving PPP Loan forgiveness. A few changes may still come down the pike but more or less these are now finalized in the SBA's Paycheck Protection Program Loan Forgiveness Application now available at https://www.sba.gov/document/sba-form--paycheck-protection-program-loan-forgiveness-application.
I've taken some time to familiarize myself with this application and it is as you might expect not as easy as we'd all hope. The current version is 11 pages and requires numerous calculations. I estimate that the app can be done by a business owner in 2 to 3 hours as long as the payroll and other information has been compiled and is at hand.
I will offer a service to complete the application for PPP Loan Forgiveness and existing clients will receive a 50% discount on my fees. If you need or want this service contact me by email at dm.yourowncfo@gmail.com and I'll contact you asap.
As a reminder and as you'll note on the application form, your employees who refused to return to work must be documented with your written offer to return and their written rejection. Other employees If documented correctly, these non-returning employees will be used to deny or reduce loan forgiveness.
If you have any questions on this subject contact me.
Good Luck.
Donn Marier