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This Month’s Posts:

COVID-19 Guidelines For Practice Owners With Staff

With COVID-19 sadly on the increase, employers are asking us more questions than ever about their responsibilities to pay their staff who cannot come to work for COVID related reasons. Basically, if you have an employee who cannot come in to work for COVID related...

Free Webinar – Year End Tax Planning for Practice Owners

Presented by Andrew Schwartz, CPA, Founder of The MDTAXES Network Wednesday, December 16, 2020 - from 12 Non - 12:45 pm 2020 has been one of the most challenging years for practice owners. Join Andrew Schwartz, CPA, as he discusses actions to take before December 31st...

Social Security Max Increases To $142,800 For 2021

Most years, the government bumps up the maximum Social Security taxes that you can pay.  For 2021, the maximum wage base jumps to $142,800, an increase of $5,100, or 3.7%, over the max of $137,700 that was in place for 2020. At a rate of 6.2%, the maximum Social...

Last Month’s Posts:

SBA Scam Alert

Please be aware of a recent scam involving people impersonating the Small Business Association. The imposters claim to be conducting "site visits" on behalf of the SBA.  When contacted, the SBA states that they do not conduct site visits. SBA does not initiate contact...

No Rush On Your PPP Loan Forgiveness Application

Practice owners who received the PPP loan earlier this year had 24 weeks to spend the funds on certain payroll and facility expenses to qualify for full forgiveness of that loan. For many of our clients, the 24-week Covered Period has recently ended. Did you know that...

How To Pay Off the EIDL Loan

The SBA made it very easy for practice owners to receive an EIDL loan of up to $150k with a fixed 3.75% interest rate over a 30-year term. And a lot of practice owners decided to accept this EIDL loan. As we posted:...

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