Turf Books launches PPP loan services

Turf Books, accountants to the lawn care industry, launched a service to help lawn care companies prepare a Paycheck Protection Program (PPP) loan application and maximize their loan forgiveness.  

“The benefit to using this service is having a CPA, enrolled agent or degreed accountant with knowledge of the lawn care industry plan where appropriate and prepare your application for submission to maximize the loan forgiveness amount,” said Dan Gordon, managing partner of Turf Books. 

The service features:
• Developing a spending optimization plan where appropriate
• Loan forgiveness application preparation
• Collecting documentation that supports the reporting of eligible expenses, such as payroll and benefit records, rent, utilities and mortgage interest, among other data
• Determining the number of full-time equivalent (FTE) employees for both the measurement period and the baseline periods, which is required to perform an accurate loan forgiveness calculation
• Computing excess wage reduction amounts, if any, for the loan forgiveness calculation
• Completing and reviewing your final PPP loan forgiveness calculation/application prior to submission to the bank or other appropriate entities.