Acceptable Payroll Documents
Small businesses with employees: Upload quarterly 941 forms or yearly 940 or 944 forms, or "CARES SBA-PPP" document from your payroll provider. The 941 quarterly tax return is the preferred document and is used to report the federal withholdings from most types of employees. It notifies the IRS of a number of important figures, like the employment taxes taken from employee pay and the amount owed to the IRS. Alternatively, you can provide your 2019 1120 corporate tax return.
Contractors & Other Not Employers: Upload your 2019 1040 - Schedule C form. If you have not yet submitted your 1040 - you can provide a draft copy. Simply complete all required fields and upload the same file you would normally submit directly to the IRS.
How to Upload Your Payroll Documents
To qualify for PPP, you will need to upload proof of payroll. Depending on the type of your business as detailed above, you may be required to submit additional or alternative forms for your applicable period.
- The applicable period for an established small business is a full year (12 months).
- The applicable period for a seasonal business that only operates during certain parts of the year is from Feb 15, 2019 to June 30, 2019 (4.5 months).
- The applicable period for a new small business is from Jan 1, 2020 through Feb 29, 2020 (2 months).
Please upload your forms as separate documents, if possible. If more than 4 forms are needed, you may consolidate them into a single file.