Exclusive PPP Calculator for Businesses with Payroll

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This calculator helps businesses with payroll calculate their PPP eligibility.

PPP Calculator

For Businesses with Payroll

Did you already get First Draw PPP?

Continue to calculate Second Draw PPP

Continue to calculate First Draw PPP

When did your business start?

Quarterly Reduction Calculator

Please choose how you want to calculate your 25% reduction

Enter your gross income below to confirm your 25% reduction

First Quarter - Q1

2019 2020

January $ $ February $ $ March $ $

25% Reduction

Second Quarter - Q2

2019 2020

April $ $ May $ $ June $ $

25% Reduction

Third Quarter - Q3

2019 2020

July $ $ August $ $ September $ $

25% Reduction

Fourth Quarter - Q4

2019 2020

October $ $ November $ $ December $ $

25% Reduction

2019 2020 25% Reduction

First Quarter - Q1

Jan-Mar $ $

Second Quarter - Q2

Apr-Jun $ $

Third Quarter - Q3

Jul-Sep $ $

Fourth Quarter - Q4

Oct-Dec $ $

2019 2020 Did you have a reduction?

Jan-Mar $ $

Where to find your "gross receipts" on your tax return:

Schedule C: lines 4 and 7

Partnerships (Form 1065): lines 2 and 8, minus line 6

S-Corporations (Form 1120-S): lines 2 and 6, minus line 4

C-Corporations (Form 1120): lines 2 and 11, minus lines 8 and 9

Nonprofit organizations (Form 990): lines 6b(i), 6b(ii), 7b(i), 7b(ii), 8b, 9b, 10b, and 12 (column (A)) of Part VIII

Nonprofit organizations (IRS Form 990-EZ): lines 5b, 6c, 7b, and 9 of Part I.

Are you in the food or accommodation industry?

If your NAICS code starts with 72, you are eligible for 3.5 of months of payoll instead of 2.5

What is your entity type?

Are you a seasonal business?

A "seasonal business” is:

open for less than 7 months each calendar year

open more than 7 months in the most recent year and earned in any 6 months more than 3 times the other six months of the year

Note: To be considered a “seasonal business”, you must have been open for at least 12 weeks between February 15, 2019 and February 15, 2020 .

Adding Payroll for Your Business

Choose your time period with the highest payroll

2019

2020

The last 12 months (e.g. February 28, 2020 – February 28, 2021)

I want to enter payroll for the entire business (I capped each person at $100k annualized)

I want to enter payroll for each employee separately

Choose 12 consecutive weeks with the highest payroll between 02/15/2019 and 02/15/2020.

Adding Wages For Each Employee

Annual Wage

PPP Eligible Wage

Employee 1

Owner compensation Schedule C - add line 31

Partner compensation Partnerships - add line 14a (minus line 12)

"Add partner"

TOTAL

Note: Owner distributions from S Corps are not eligible for PPP

Owners on payroll are calculated the same as employee

Total Wages

Annual Wages

Eligible amount

Total Wages including owners and partners on Payroll. Cap each person at $100k before calculating

Owner Compensation - add either line 31 or line 7 minus lines 14, 19, and 26 (employee payroll costs)

Partner compensation Partnerships - add line 14a (minus line 12) Cap each partner at $100k

TOTAL

Note: Owner distributions from S Corps are not eligible for PPP

Owners on payroll are calculated the same as employees

Enter total amount of annual employee benefits

If you included employee benefits on the previous screen, then leave this page blank

Annual Total

Health Benefits

Disability Insurance

Life Insurance

Retirement Contributions

Other Benefits (e,g, parsonage)

TOTAL

Note: Employer contributions for group health, life, disability, vision, and dental insurance for S-Corporation employees who own more than a 2 percent stake in the business (or employees who are family members of such owners) should already be included in gross wages on previous page and should not be entered above.

State and local taxes

TOTALS

Annual payroll

Annual employee benefits

State and local taxes

Total eligible payroll costs

Average monthly payroll

Eligible PPP Amount

For Second Draw PPP, businesses in the food and accomodation services (NAICS 72) are eligible for 3.5 months of payroll instead of 2.5 months. Being that you are in the food or acommodation industry, your PPP amount amount above is 3.5 times your average monthly payroll cost.

Second Draw Note:
In addition to the 25% reduction, there are two things to ensure before Second Draw funds are disbursed to your bank account:
1) Finish spending First Draw funds
2) 8 weeks passed since receiving First Draw funds

Some banks are happy to hold your Second Draw application after approving your loan. So, you can apply earlier, thereby locking in your funds, then ask for your funds to be disbursed only once you completed spending First Draw funds and 8 weeks passed.

Adding Wages For Each Employee

Wages paid in 12 week period

PPP eligible wage for 12-week period

Employee 1

Owner compensation Schedule C - add line 31

Partner compensation Partnerships - add line 14a (minus line 12)

"Add partner"

TOTAL

Note: Owner distributions from S Corps are not eligible for PPP

Owners on payroll are calculated the same as employees

Total Wages

Wages paid in 12 week period

Total Wages including owners and partners on Payroll Cap each person at $100k annualized before calculating

Owner compensation Schedule C - add line 31 (capped at $100k annually. )

Partner compensation Partnerships - add line 14a (minus line 12) Cap each partner at $100k

TOTAL

Note: Owner distributions from S Corps are not eligible for PPP

Owners on payroll are calculated the same as employees

Employee Benefits

12-week period total

Health Benefits

Disability Insurance

Life Insurance

Retirement Contributions

State and local taxes

Other Benefits (e,g, parsonage)

TOTAL

Average Payroll Costs

12-week PPP eligible payroll

12-week employee benefit total

Total 12 week payroll costs (including benefits)

Average monthly payroll cost

PPP Amount

Apply Here for a Successful PPP

Here are our recommended PPP banks for a successful PPP application. We included bank-specific guidance to ensure that your application is successful.

For more guidance for businesses with payroll, see our step-by-step guide.

Need Help? Send a message via email, WhatsApp, or book a free five-minute consultation.

Calculator Notes

First Draw
- For most businesses, maximum size 500 employees. For food and accommodation businesses (NAICS code 72), you can have up to 500 employees per location and still be eligible.
  If you have more than 500 employees, see here for potential eligibility.
- You can only collect PPP for employees with a primary residence in the USA
- If your business was not in operations from 02/15/2019-06/30/2019, you have the option to calculate your average monthly payroll by adding Jan and Feb 2020 payroll and dividing by 2.
Second Draw
- Maximum Business size: 300 employees. For food and accommodation businesses (NAICS code 72), you can have up to 300 employees per location and still be eligible.
- You can only collect PPP for employees with a primary residence in the USA
- If your business is a C Corp or an S Corp, and the business started operations between 02/15/2019 and 02/15/2020, you have the option to sum all payroll available from when the business started operations until loan date, then calculate the monthly average payroll (divide by number of months).

Published 03/06/2021. Updated 05/02/2021

May 3, 2021
Business, PPP
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Disclaimer: This site is not legal or financial advice. It is here for educational purposes only. You are responsible to do your due diligence.
I can be reached at Info@HomeUnemployed.com

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