Paycheck Protection Program (PPP) Loan Compliance & Audit Services

Organizations that received PPP loans are now navigating the complex eligibility and compliance rules for loan forgiveness. The announcement by the Small Business Administration (SBA) that all loans in excess of $2 million will be subject to audit prior to loan forgiveness has many struggling to prepare for the inevitable scrutiny of their organization's need-basis, use of funds and supporting financial documentation. T&M's team of CPAs, forensic accountants, auditors and legal consultants offer guidance every step of the way. 

Loan Forgiveness - Understanding the Rules 

Established by the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Small Business Administration's Paycheck Protection Program loaned stimulus funds to qualifying organizations based on sophisticated financial eligibility criteria. To obtain loan forgiveness, organizations must now collect extensive supporting documentation and file an application. T&M provides guidance and education to PPP recipients as they prepare to seek loan forgiveness.

PPP Loan Forgiveness Application Support

Let T&M assist your organization with evaluating and collecting the documentation needed to support your application for PPP loan forgiveness. Our process includes:

  • Analyzing financial statements and other documentation needed to support PPP pre-loan certification
  • Reviewing documentation (e.g. payroll records, utility bills, etc.) pertaining to amounts reported on the PPP Loan Forgiveness Calculation Form
  • Evaluating for any 'red flags' and assisting in calculating the loan forgiveness amount

T&M - The Experienced Team You Can Trust

For organizations facing SBA audit, T&M will be with you every step of the way. Our team of CPAs, forensic accountants, auditors and legal consultants - many of whom possess government experience - have the audit preparation experience needed to guide you through the process with ease and provide peace of mind.

T&M: Part of Your Solution

With T&M’s experience in sophisticated forensic accounting and bespoke financial investigations services, you can trust T&M to deliver peace of mind in the 'new normal.'

 

Let's discuss your challenges and how T&M can deliver a solution that offers peace of mind.

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