PPP Loan Forgiveness Analysis & Report

Find the PPP loan forgiveness solution that’s right for you, and start building peace of mind.

Following the initial relief of securing a PPP loan, you may be facing looming questions about loan forgiveness. How much, exactly, are you going to have to repay, and how much is likely to be forgiven?

Other questions you might be asking include:

  • When is the right time to apply for forgiveness?
  • What information will I need to complete the forgiveness application?
  • What are my allowable qualifying expenses based on business operations?
  • What opportunities am I missing to maximize my forgiveness?
  • How do I effectively justify my PPP loan need?
  • How does the size of my loan impact the documentation we’ll need to provide?

We don’t have all the answers yet – no one does. But we can go a long way towards answering these questions and provide some much-needed peace of mind by conducting a PPP Loan Forgiveness Analysis & Report – a set, fixed-cost analysis with key recommendations for maximizing your forgiveness potential and protecting your cash flow, with multiple levels of support designed to meet your specific needs.

PPP Loan Forgiveness Analysis & Report Support Levels

Bronze-Level Support

  • Analysis of completed PPP loan forgiveness calculation
  • Recommendations on allowable qualifying expenses based on operations

Deliverable: Written recommendations list

Estimated Fees: $1,000

Silver-Level Support

  • Read the completed PPP loan forgiveness application and report on any inconsistencies
  • Verify calculation accuracy based on provided information
  • Trace to supporting documents
  • Advise on relevant accounting journal entries

Deliverable: Signed Agreed Upon Procedure Accountant’s report providing procedures performed and any findings

Estimated Fees: $2,500 – $7,500

Gold-Level Support

  • Prepare PPP loan forgiveness calculation
  • Prepare loan forgiveness application data
  • Analysis of full loan forgiveness tests
  • Reviewed covered period timelines for qualifying expenses
  • Advise on relevant accounting journal entries

Deliverables:

  • Report providing data to populate the application
  • Signed Agreed Upon Procedure Accountant’s report providing procedures performed and any findings

Estimated Fees: $5,000 – $10,000

Platinum-Level Support

Custom advisory services, which could include:

  • Narrative development
  • Forgiveness projection
  • Scenario analysis
  • Cash flow projections

Deliverables: As agreed upon with client

Estimated Fees: Standard hourly rates

Not sure which support level would work best for you? Let’s talk more to find out.

Why Barnes Dennig

Barnes Dennig is one of Inside Public Accounting’s Top 200 Firms, and received the “Best of Accounting” designation from Clearly Rated in 2019 and 2020. Since being founded in 1965, the firm’s growth has stemmed from a focus on providing exceptional client service, depth of knowledge in select industries and strategic expansion. Today we are more than 150 employees strong, serving clients in three states and across the U.S. with operations spanning the globe.

From the earliest days of the pandemic and the legislative response, the Barnes Dennig COVID-19 Advisory Team has been providing news, insights, and perspective that have helped our clients minimize COVID-19’s impact and maximize the benefits of resulting legislation and guidance for the FFCRA and CARES Acts. We’re here to serve as a resource, guide, and sounding board for identifying opportunities, options, and strategies for your business or organization.

Recent topics from our COVID-19 Advisory Services team include:

Find Out Morecomplete the contact form to determine which service level is right for you and start building peace of mind about PPP loan forgiveness. We work with organizations and PPP loan amounts of all sizes.