Our Blog & News
This Month’s Posts:
Summary of Proposed Tax Law Changes
Looks like tax changes are on the way. Below are some of the recommendations that President Biden’s team and the House Ways and Means Committee have each proposed recently that will impact the federal income taxes paid by successful healthcare professionals if...
Check Out B of A’s Record Low Interest Rate Offer For Dental Practices
Just like the baseball and football season, the fall is where things really start to heat up in the Dental Practice Acquisition market. To that end, Bank of America is launching an extremely low interest rate loan product for dentists who are seeking financing to...
HRSA Announces Phase 4 of the Provider Relief Fund
More stimulus money is now available to small healthcare practices. According to HRSA at: https://www.hrsa.gov/provider-relief/future-payments: On September 29, 2021, health care providers will be able to apply for $25.5 billion in relief funds, including $8.5 billion...
HRSA Announces 60-Day Grace Period For Provider Relief Fund Self-Reporting Submissions Due 9/30
Medical and other healthcare providers who received more than $10k in Provider Relief Funds prior to 6/30/20 are required to self-report by 9/30/21 that those funds were utilized correctly. Due to very lackluster self-reporting submission rates, HRSA recently...
Last Month’s Posts:
Update On The ERC
One more ERC update as we prepare to contact our practice owner clients with an approximation of the amount of the Employee Retention Tax Credit their practice should be eligible to receive. Earlier this month, the IRS announced that the wages of owners of more than...
Third Quarter Estimated Taxes Due 9/15 – Consider Paying Online
Our friends at the IRS continue to be way behind with processing their mail. Believe it or not, that includes many checks that the IRS has received in the mail since COVID hit last March. For that reason, if you pay quarterly estimates, consider making those payments...
SBA Launches Direct Forgiveness Portal To Streamline PPP Loan Forgiveness
Great news if you feel your PPP lender is making the loan forgiveness process too complicated. The SBA recently announced that they set up their own Direct Forgiveness Portal “to streamline forgiveness processing for PPP Borrowers. After registration, you may use this...