How Dentists Can Obtain the PPP Loan within the Newly-Passed Stimulus Package

Art of Dental Finance and Management

Now that Congress has finalized a new $900 billion economic stimulus package, dentists who have suffered losses of income in 2020 can apply for a new Paycheck Protection Program (PPP) loan. Most who applied for the first round of PPP will also be eligible to apply for the second round. There are many details on the deductibility of PPP expenses that dentists should be aware of. In this episode of The Art of Dental Finance and Management podcast, Artdiscusses the new stimulus package and how it may affect dentists, including the impact of new PPP funding. Topics include: · Qualified expenses, such as personal protection equipment (PPE) that PPP funds can be used for · Simplified PPP forgiveness applications As 2020 comes to a close, it’s imperative for dentists to make sure they have all their documentation in order for year-end tax planning . Dentists should also be aware of the steps they can take to maximize their PPP loan forgiveness. Reach out to Art if you have any questions regarding dental finance and management for your dental practice. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist. Good planning and proper documentation can help ensure you maximize your PPP loan forgiveness. www.eidebailly.com/ppp