COVID-19 – 06-10-20 BULLETIN RELEASE – PPP Loan – Revised Flexibility Act

Looking back at the COVID whirlwind, the original PPP loan legislation was rapidly drafted and signed into law the week of March 23, 2020, which was concurrent with many State Governor’s forcing business closures and issuing stay at home orders due to COVID. The timing of these events was a disaster to the PPP loan … Continued →

Payroll Protection Program (PPP) Loan Questions – It Depends

That’s the answer we, as CPAs, have to give many times when responding to questions on a forums board or chat groups on many types of questions, whether its income tax-related, practice transition, paying an associate, or staffing issues. It’s no different from PPP loan questions. Sure, there are some one-size-fits-all answers to questions like … Continued →

COVID-19 – 05-19-20 BULLETIN RELEASE – PPP Loan Forgiveness Further Guidance

Late in the day, Friday, May 15, 2020, the SBA came out with the instructions and application borrowers will use to request PPP loan forgiveness from their lender. While this new information provides some welcomed relief to pieces of the forgiveness puzzle for many, it falls short in answering all outstanding questions that still remain … Continued →

COVID-19 – 05-04-20 BULLETIN RELEASE – PPP Loan – IRS Guidance

Just when we thought things were settling down a bit, bad news from IRS Chief Counsel’s office hits at the end of last week in Notice 2020-32.  This Notice details the IRS position on “covered expenses” paid which qualify for PPP loan forgiveness, and whether those covered expenses are deductible business expenses. The IRS has … Continued →

Key Factors to consider When Selecting An IT Services Provider

As a dental practice owner, choosing an IT services provider is one of the biggest decisions you can make to ensure the security of your practice and patient’s confidential information. Your technology partner should be a close advisor on the IT services you need now and, in the future, based on a clear understanding of … Continued →