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…

The SBA recently released a simplified forgiveness application for those of you that borrowed less than $50,000 under the PPP program. This is the simplified forgiveness application we were waiting on…

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.

The ADA has recently announced that dental Medicaid providers will be included as eligible recipients for the Cares Act Provider Relief Fund through the Department of Health and Human Services.

The Senate has passed the Flexibility Act which will provide some much-needed relief to business owners who took out a PPP loan. The Bill has not yet been signed in to law by the President, but this is expected to happen soon. Here are a few key points on the Bill and how it may affect your PPP loan strategy…

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…