Paycheck Protection Program PPP Experiencia Anecdotal Sobre Documentos

Paycheck Protection Program (PPP): Experiencia Anecdotal Sobre Documentos Requeridos y Requisitos Gilberto Márquez MBM, CPA Chief Financial Officer For additional information: info@prsciencetrust. org

Componentes Determinación de Préstamo PPP: 1. Determinación Préstamo Permisible: Gastos de Nómina 2019 Permisibles Menos: - Exclusiones y Ajustes Resultado: = Nómina 2019 Permisible Dividir/12: = Nómina 2019 Permisible Mensual Multiplicar x 2. 5: Cantidad de Préstamo www. prsciencetrust. org

Componentes Determinación de Préstamo PPP: 2. Determinación Condonación (Forgiveness) del Préstamo: + + + = Gastos de Nómina (con exclusiones) Intereses Hipotecarios Renta Utilidades (agua, luz, teléfono) Cantidad Condonación (Forgiveness) Todos a base de gasto proyectado por 8 semanas a partir de la otorgación de préstamo www. prsciencetrust. org

Determinación Préstamo Permisible Inclusiones What to include? Documents 1 Total Number of Employees 2019 Formulario 499 R-3 RECONCILIATION STATEMENT OF INCOME TAX WITHHELD for 2019 2 Total Wages Formulario 499 R-3 RECONCILIATION STATEMENT OF INCOME TAX WITHHELD for 2019 (lines 5, 6 and 10) 3 Payments for provisions of Group Health Care Benefits, incl. insurance premiums (if applicable) 4 Payment of any Retirement Benefit (if applicable) 5 Payment of any Insurance premium in benefit of employee (Life, Disability, others, if applicable) 6 Payment of State Insurance Fund - (CFSE) Annual CFSE Form (Declaración de Nómina: Fondo Seguro del Estado) 7 Payment of Sinot (Seguro de Incapacidad No Ocupacional) Quarterly PRSD-10 from PR Department of Labor for 2019 (4 in total). 8 SUTA - State Unemployment Tax Quarterly PRSD-10 from PR Department of Labor for 2019 (4 in total). 9 Payment of Chauffeur Insurance (if applicable) Form 480. 7 E Health Care Benefits Plan or Paid Invoice Evidence. Form SC 6042: DEDUCCION POR APORTACIONES A PLANES DE RETIRO CUALIFICADOS Y CONTRIBUCIONES SOBRE CIERTAS APORTACIONES or Plan Administrator Certification Form 480. 7 E Insurance Provider or Paid Invoice Evidence Quarterly Chauffeur Insurance Form for 2019 (4 in total). www. prsciencetrust. org

Determinación Préstamo Permisible Exclusiones What to exclude? Documents Adjustment for employee with compensation Based on salaries paid in excess of $100, 000 per employee 1. in excess of $100, 000 paid in 2019 (if during 2019 (no documents were required). applicable) Employee’s and employer’s share of FICA for the period Federal Payroll Taxes – period February 15 2. February 15, 2020 through June 30, 2020. A projection was through June 30, 2020 provided. Compensation of an employee whose principal 3. If applicable place of residence is outside the U. S. in 2019 Qualified sick leave wages for which a credit is allowed under section 7001 of the Families First Coronavirus Response Act Qualified sick leave for which credit is allowed 4. (Public Law 116 -5 127); or qualified family leave wages for under Relief Act (if applicable) which a credit is allowed under section 7003 of the Families First Coronavirus Response Act www. prsciencetrust. org

Determinación Condonación (Forgiveness) del Préstamo Allowable expenses Payroll Costs Mortgage interest Rent Obligations Utility Payments Determination Documents Projection of expenses for 8 weeks (two No evidence was required but months) after loan is received. Determined a projected calculation was based on inclusions and exclusions. provided to the bank. Projection of expenses for 8 weeks (two months) after loan is received Copy of invoices/voucher stating interest payment per month and payment mortgage, per each loan Rent agreement page(s), stating monthly payment Copy invoice and payment per type of utility www. prsciencetrust. org

Otros Documentos Requeridos Documento UBO COM-993 A Información que provee Certificación de Beneficiarios finales “UBO COM-993 A”. Debe de estar acompañado de las identificaciones vigentes de la persona control y de los accionistas que directa o indirectamente posean 10% o más de la empresa. Certificado de Incorporación Corroborar fecha de incorporación Registro de Comerciante Payroll Register del 15 de febrero de 2020 Corroborar código NAICS de la empresa Nómina pagada el 15 de febrero de 2020 y número de empleados a tiempo completo (FTEs) www. prsciencetrust. org

Ejemplo Determinación Préstamo PPP Máximo y “Forgiveness” www. prsciencetrust. org

Divulgaciones sobre contenido de presentación: 1. Información provista de manera anecdotal, no necesariamnete reflejará su experiencia con su banco ni los documentos que le solicitarán. 2. Información aquí provista no sustituye su comunicación con el banco. 3. El PRSTRT no se hace responsable del resultado que tenga el empresario en el trámite del PPP al utilizar esta información como referencia. www. prsciencetrust. org

For additional information: info@prsciencetrust. org