Earlier this month, we let you know about a new round of provider relief funding for healthcare providers offered through the Health Resources and Services Administration (HRSA).  Applications for this fourth round of funding opened yesterday.

The Health Resources and Services Administration has recently announced an additional round of funding for medical and dental practices. These payments would be in addition to rounds one, two, and three of the provider relief fund payments issued to many of our clients last year.

The second draw of the Paycheck Protection Program (PPP) ended on May 31, 2021. Many of our clients were eligible to apply for a second draw of funding. If you are one of those lucky individuals, you likely are now eligible to apply for forgiveness for your second draw.

In the flurry of financial assistance that arrived in 2020, many of our clients received funding Health and Human Services(HHS) Provider Relief Fund (PRF). The Department of HHs removed the dates for reporting requirements late last year, but we have been made aware that there will indeed be reporting requirements for anyone who received funding under this program.

The majority of our clients have applied for and been granted forgiveness for PPP Round 1. This should be a straightforward and fairly simple process with your bank. If you have not done so already, now is the time to get this application done.

We have recently seen a tremendous increase in unemployment insurance fraud throughout the country and, unfortunately, have recently experienced this first hand at our firm.

We previously informed you of an opportunity to take an Employee Retention Credit for 2020 (see our blog post from February 22nd). Hopefully, many of you have begun work with your CPAs and payroll companies to get this credit moving along, although there is no rush to process this credit…

Many of you have been asking questions about the Employee Retention Tax Credit (ERC) for 2020. Up to this point, we have been reluctant to issue official firmwide guidance as we have been waiting on the IRS to do the same.

If you received funds under the CARES Act Provider Relief Fund from the Health and Human Services, you are required to comply with certain reporting elements in order to stay in compliance with the program. Anyone who received over $10,000…

Banks will begin accepting applications this week for the second draw of PPP loans for eligible businesses. In many ways, this second round of funding will be very similar to the first.

This year has undoubtedly brought many challenges, but once again, we are given an opportunity to adapt and make the most out of what 2020 has to offer. The COVID Relief Act has officially passed. Here are some of the key details that may affect you…

Congress has finally passed the long-awaited 2nd COVID-19 Relief Bill. We are hopeful that President Trump will make the bill final very soon. I’ve read this is the longest bill in history at a whopping 5,600 pages! As you can imagine, there are many provisions within the bill…