Turf Books launches PPP loan services

Turf Books, accountants to the lawn care industry, launched a new service to help lawn care companies prepare an accurate 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. “Our support, professional knowledge, experience and judgement will take a big stressor off lawn care company owners, giving them peace of mind and allowing them to focus on other critical business processes in these challenging times.”

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. This figure is required to perform an accurate loan forgiveness calculation;
• Computing excess wage reduction amounts, if any, for the loan forgiveness calculation; and
• Completing and reviewing your final PPP loan forgiveness calculation/application prior to submission to the bank or other appropriate entities.

“Since we have been on top of this situation since the beginning and through its evolution, we are in the best position to shepherd lawn care companies through the requirements in order to maximize their loan forgiveness and help prepare an accurate loan forgiveness application,” Gordon said.

Law care professionals who are interested in this service should email Turf Books at info@pcobookkeepers.com with the subject line: “PPP Loan Help.” Include the date the firm received its PPP loan proceeds and the number of employees.