Many of our clients have applied for grants through the CARES Act Provider Relief Fund (PRF). Some received funding in phase 2, and some received funding in phase 3. There are significant changes to the Terms and Conditions for all providers who received funding, no matter what tranche the money was received…

The Department of Health and Human Services (HHS) has issued another round of funding under the CARES Act Provider Relief Fund (PRF). Many of you have already applied for and received a payment in the amount of 2% of your 2019 revenues from the fund. This third round of funding opens the application window back up for those that…

The Department of Health and Human Services recently announced a grant program available to dentists to provide relief for increased costs due to Coronavirus.

Please be aware that the deadline for application is July 24, 2020.

We have all been anxiously awaiting for the SBA to clarify the PPP forgiveness process. On Friday, May 15th the SBA released the forgiveness application (found below) which outlines the process and documentation for forgiveness. This application and the guidance…

Our last email referenced interest expenses on loans under the PPP program.  While both mortgage interest and other interest are listed as ALLOWABLE expenses under the PPP, we cannot confidently advise that both allowable mortgage interest and other interest will both be forgivable.  It is clear that mortgage interest will qualify for loan forgiveness, forgiveness for other interest is still debatable.  For the majority of clients…

At PFM, we work with clients all over the country, with all types of practices, and with all levels of cash reserves. For this reason, our advice has never been and never will be “one size fits all.” This could not be more true in the times we face today.

We are all still anxiously awaiting the passage of the CARES Act into law, this legislation is not complete. Therefore, there are no specific actions that you need to take immediately. It appears that this law, if passed…

After taking the day to digest the information available on the CARES Act, it appears that we need to make a slight pivot…