Updated: 2/16/2021 Under the CARES Act, employers who received a PPP loan were not eligible for the Employee Retention Tax Credit (ERTC). This qualification was repealed with the Consolidated Appropriation Act of 2021. Below is a summary of the key provisions of the credit, reflecting changes made by the new law: Time period credit is
Updated: 1/7/2021 As you may have already heard, the newest round of COVID-19 Stimulus was signed into law on December 27th, 2020. The new Act created another PPP loan opportunity for qualifying businesses. We believe many dental clinics will qualify for a second forgivable PPP loan. The new SBA & Treasury interim guidance was released
Updated 12/11/2020: As we have been working through 2020 tax projections with clients, we are seeing many offices have higher taxable income and tax liabilities over 2019 performance, despite the COVID shutdown. This is somewhat counter to expectations and a surprise to some practice owners. The causes for the added income are the PPP funds,
There is more to our profession than “dropping numbers in boxes” and filing tax returns once a year. We are more than your average accountant, CPA, EA or Bookkeeping professional. We pride ourselves in our bench of knowledge, client obsession and proactive approach. We are students of the business of dentistry. Through working with only
Since March 17th, we have been proactively distributing information to our clients and the larger dental community through our partnership with the Washington Academy of General Dentistry. We’ve invested thousands of dollars worth of our billable hour time on these webinars. Our team has read the 800+ page CARES Act statute and additional SBA &
Updated 5/6/2019: Disclaimer: What follows next is general information and not legal or accounting advice. We are not your attorney or CPA and every situation is different. You should call your attorney or CPA for specific advice with regards to the topics of this presentation. If you are not receiving the guidance you need, we
Updated 4/15/2019: Disclaimer: What follows next is general information and not legal or accounting advice. We are not your attorney or CPA and every situation is different. You should call your attorney or CPA for specific advice with regards to the topics of this presentation. If you are not receiving the guidance you need, we
Let’s face it. Did you go to dental school to do bookkeeping? I would imagine the answer is “No.” You should be focusing your time on the profit generating aspects of your business. Your hourly bill rate is better spent chair-side with patients. Leverage our team to take care of the numbers and compliance headache
Updated 4/1/2019: Disclaimer: What follows next is general information and not legal or accounting advice. We are not your attorney or CPA and every situation is different. You should call your attorney or CPA for specific advice with regards to the topics of this presentation. If you are not receiving the guidance you need, we
Updated 3/25/2019: COVID-19: Employee & Business Implications for Practice Owners Disclaimer: What follows next is general information and not legal or accounting advice. We are not your attorney or CPA and every situation is different. You should call your attorney or CPA for specific advice with regards to the topics of this presentation. If you
