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Tools and reports to help PAYCHEX® clients optimize their PPP loan forgiveness.

By Published On: January 5th, 2021

As the next round of funding for the Paycheck Protection Program becomes available, businesses are relieved but hesitant about wading through a complicated process.

Paychex, a proud Supporting Member of the AAFD, has helped many businesses with the first round of stimulus, we can once again simplify the PPP application and forgiveness process with:

  • Easy access to payroll data
  • Great relationships with direct lenders
  • Data that auto-populates your SBA application during the forgiveness process and the generation of a signature-ready form

Watch a short video featuring Mike Trabold, Director of Compliance at Paychex, on what to expect and then schedule time with me to discuss.

We are here to help. We have proactively supported our clients throughout the entire Paycheck Protection Program (PPP) process, and we’re ready to bring that same level of service to you.

We have created a set of tools and reports to help our clients optimize their PPP loan forgiveness.

  • PPP Loan Forgiveness Reporting. Our PPP Loan Forgiveness Reporting, located in Paychex Flex®, is robust and easy-to-access. Our compliance experts are devoted to helping ensure our payroll cost calculations align with the latest Small Business Administration (SBA) guidance.
  • PPP Loan Forgiveness Estimator. As one of the first payroll providers to introduce a PPP Loan Forgiveness Estimator, our estimator in Paychex Flex® imports your payroll information each pay period and shows both estimated and projected loan forgiveness that is updated every time you run payroll. It will also allow you to enter required information related to your expenses (utilities, mortgage, etc.).

If you are having difficulty with your current payroll process or provider, you shouldn’t have to settle. Paychex can help make it a smooth transition and take care of everything involved, from working with you to collect the necessary paperwork, to entering pay-per-period payroll information.

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Written by : Paychex

Mike Wales has been helping employers for over 20 years. Please contact him directly to take advantage of exclusive AAFD Member Benefits.

Paychex makes it simple for businesses of all sizes to pay and manage their employees. We make payroll easy and automatic. We simplify complex benefits programs and insurance. We guide our clients through human resource challenges. We keep clients up to date with ever-changing laws and regulations. We do this in the way our customers want. Online or via mobile device. Over the phone. In-person. Or any combination of the above.