AICPA Releases Cloud-based PPP Forgiveness Tool

Sept. 22, 2020, 11:01 AM UTC

The American Institute of CPAs on Tuesday released a cloud-based, automated platform designed to help firms and small business owners track the documents and calculations needed for their Paycheck Protection Program loans to be forgiven.

Accounting firms should plan to help their clients navigate pandemic relief for the next two years, Erik Asgeirsson, president and CEO of CPA.com, said in an interview. CPA.com is the business and technology arm of AICPA, the accounting industry’s largest professional group.

The PPP, established under the third virus relief law (Public Law 116-136), ...

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