CCH AnswerConnect customers get entry to the Paychex PPP Mortgage Forgiveness Calculator
Wolters Kluwer Tax & Accounting introduced that customers of his CCH AnswerConnect The net analysis platform now has entry to certainly one of Paychex, Inc., a number one supplier of HR, wage, advantages and insurance coverage options. Wolters Kluwer has chosen Paychex’s PPP Appraisal Estimator to offer an built-in on-line analysis answer that permits tax and accounting professionals to entry key PPP credit score approval information to assist their enterprise prospects navigate additional by way of the advanced and altering tips for the PPP lending course of.
“After the financial system reacts to the Covid-19 pandemic, many entrepreneurs are counting on their tax and accounting companies to assist them get PPP loans,” stated Frans Klaassen, EPP and Normal Supervisor for Canada and Analysis & Studying, USA at Wolters Kluwer Tax & Accounting North America. “We partnered with Paychex and integrated their PPP credit score estimator into our rising PPP useful resource to make sure our CCH AnswerConnect prospects shortly get the newest PPP developments and significant credit score data Discover.”
Paychex’s PPP Mortgage Forgiveness Estimator helps enterprise house owners perceive how a lot of their PPP mortgage will be granted by the federal authorities. Upon accessing the device, CCH AnswerConnect customers might be prompted to enter a wide range of details about their shoppers’ mortgage and enterprise, together with mortgage quantity, wages, mortgage curiosity, lease and utilities. The device might be up to date as new guides on deadlines, enhancements, and extra are launched.
“Because the COVID-19 pandemic continues, many corporations are struggling to grasp and get essentially the most out of their PPP loans. In consequence, greater than ever, many are counting on their accountants to information them by way of this tough time, ”he stated Tom Hammond, Paychex VP for company technique and product administration. “We’re proud to have been chosen by Wolters Kluwer to assist their shoppers and prospects higher handle the method of granting PPP loans.”
The mixing of the PPP estimator for the granting of loans from Paychex into the web analysis platform CCH AnswerConnect from Wolters Kluwer expands the longstanding relationship between the 2 corporations. Over time, Wolters Kluwer and Paychex have labored repeatedly collectively and repeatedly hosted webinars on present matters related to the tax and accounting occupation.
Along with the device accessible by way of CCH AnswerConnect, accountants registered with Paychex AccountantHQ Clients utilizing Paychex Flex, the corporate’s cloud-based HR know-how platform, have entry to superior PPP options for lending, together with the power to run signature-ready issuance purposes.
CCH AnswerConnect customers can seek the advice of the credit score approval PPP estimator supplied by Paychex https://answerconnect.cch.com.