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Maximize Loan Forgiveness

Posted on Date: Jun 16, 2020


Paychex, the AAFD’s endorsed Supporting Member for HR support and payroll processing, has just announced a great new PPP Loan Forgiveness Estimator for its clients. 

In an announcement issued on June 12, 2020, Paychex advised: 

Throughout this unprecedented time, we have worked to proactively support you as you navigate new challenges. One of the ways that we are continuing to provide you with the tools you need is with our Paycheck Protection Program (PPP) Loan Forgiveness Estimator. 

Available in Paychex Flex®, the PPP Loan Forgiveness Estimator is designed to help you quickly assess how much of your loan you may expect to be forgiven. It imports your payroll information each pay period and shows both estimated and projected loan forgiveness, which is updated every time you run payroll. To accurately identify your potentially forgivable amount, our estimator allows you to directly enter key information related to your expenses (utilities, mortgage, etc.). 

For more information about this useful tool, or to learn about all of the HR services and support available from Paychex please use this link to make an inquiry regarding Paychex programs offered to AAFD members.