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.

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.

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.

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…

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…

As many of you begin gathering information for the completion of your PPP applications, there is a growing conversation about the timing of your application and when it would be best to apply. Based upon our interpretation, it would be best for all applications to be approved in 2020 as opposed to 2021 if possible…

The 2020 year has truly brought everyone many more surprises than anyone wanted. In our last several months meeting with clients, we have seen several common mistakes that unfortunately may bring some additional unwelcome surprises in 2021 when taxes are filed.

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…