Print COVID Paycheck Protection Program Report

Use this screen to print a report that will aid in your application for the COVID-19 CARES Act Paycheck Protection loan.

The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Employers should carefully review information on the SBA and Treasury Department websites.

Costpoint COVID Paycheck Protection Program Report

The report will use 12 months of paycheck data for the selected Taxable Entity to determine the monthly amounts for the following: gross employee earnings, employer paid state/local taxes, employer paid health and retirement contributions, any gross employee earnings over 100K, and the number of employees. The monthly total payroll costs will be calculated by adding the following:

  • employee gross earnings
  • employer paid state/local taxes
  • employer paid benefits

The payroll costs above 100K will be subtracted from that amount to find the total payroll costs. The yearly average will be calculated for the total payroll costs and the number of employees.