We know many of you are planning to immediately apply for a Small Business Administration (SBA) loan under the Paycheck Protection Program (PPP) of the CARES Act. Part of the required loan documentation will be payroll reports that are readily available in your AllPay software from Alliance Payroll. For your convenience, you will find the following custom Covid-19 reports consolidated in a new AllPay report group called Covid-19 under your reports tab:

• Covid19 Payroll Totals Report
  Small businesses will need to provide their loan officer with their previous 12 month payroll costs. This report will summarize ALL labor costs over the 12 month period that the report is run.
• Covid19 Payroll Details Report
  This is the same report as the Payroll Totals Report, except it gives individual employee wage details.
• Covid19 Full Time Equivalent Report
  This report will provide you the number of full time equivalent employees for the chosen date range.
• Covid19 Excess Compensation Report
  This report will list any employees whose gross compensation is in excess of $100,000 for the chosen date range. Please note the first $100,000 of gross compensation is allowed, only the excess is excluded. NOTICE: This section of the CARES Act is still awaiting further guidance from the IRS and the SBA.
• Covid19 Sick Leave Exclusions Report
  This report will list qualified sick or FMLA wages – for the chosen date range - paid under the FFCRA which resulted in a credit to your federal tax deposit. This report will probably not be needed by your loan officer until the forgiveness portion of your loan is reviewed in several months.

All of the above reports should be run with the same date range requested by your loan officer.

• Quarterly Tax Returns
  Your loan officer will require you to provide your quarterly employment tax returns that cover the previous 12 month wage period from the loan origination. These returns are available in your Tax Documents tab under the Company icon.

We strongly encourage you to discuss your loan application and applicable payroll reports with your CPA, financial advisor, or legal counsel.

We hope you find these Covid-19 custom reports helpful for you and your company. If you have any questions, please feel free to contact our Help Desk at 800-789-7655 or email us at covid19@alliancepayroll.com. In addition, please remember to regularly visit our Covid-19 informational link at info.alliancepayroll.com/covid19.

Thank you again for your business and all the best to you and your team.

Sincerely,

Your friends at Alliance Payroll Services.