PPP Loan Forgiveness Documentation for the 3508 - Documenting your Loan FORGIVENESS (3 of 3)

Описание: Now that banks are accepting applications for PPP forgiveness, you may want to know: What do the banks need to see? What documents do I need to prepare? What will they ask for?

Do you have a loan over $50k? Don't think you qualify for the EZ form? What do you need to provide if you can't qualify for the other two forms? Well, here's what you need to know if you need to file the full 3508 forgiveness application.

All those questions are answered in this video! Payroll and non-payroll costs are documented differently, but this will get you perfectly prepared to apply for forgiveness.

Hannah also includes her tips for her days working as an auditor on how to make sure your documentation passes the scrutiny of the banks and SBA.

Referenced videos:
Documentation - Reading Payroll reports video:    • Payroll Costs for PPP  - Reports from Gust...  
Documentation - Basics:    • How to Document your PPP Expenses for Forg...  
Owners Compensation:    • How to Document your PPP Expenses for Forg...  

Make sure to review the 3508 Instructions: https://home.treasury.gov/system/file...

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#PPP #PPPLoanforgiveness #PPPforgivenessapplication #claracfogroup

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Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.