What Dentists Need to do to Qualify for a New PPP Loan in the Next Round of Stimulus

Art of Dental Finance and Management

Congress is in the process of finalizing a new stimulus package, which includes $300 Billion for PPP loans. This stimulus is for small businesses who have suffered losses of income in 2020. Most who’ve applied for the first round of PPP will be eligible to apply for the second round. There are also new proposed PPP loan rules that dentists should be aware of. In this episode of The Art of Dental Finance and Management podcast, Artdiscusses the pending stimulus legislation and how it may affect dentists. He also covers the documentation of the HHS Provider Relief Fund grants and what dentists should be doing to get ready. As 2020 comes to a close, it’s imperative to stay on track with your year-end tax planning and make sure you have all your documentation in order. 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. Start 2021 strong. As you prepare for year-end tax planning, here are some key tips for getting your books in order. https://www.eidebailly.com/insights/articles/2019/1/preparing-your-books-for-year-end Show Notes and Resources: · Eide Bailly’s Dental Practice · Decisions in Dentistry magazine · ADCPA · Preparing Your Books for Year-End This podcast is dedicated to Cindy Schiff, wife of Allen Schiff, President of the Academy of Dental CPAs. Cindy sadly passed away at the beginning of December. Allen has asked that any memorial contributions in her honor be made to: Hopkins ALS Clinical & Educational Fund c/o Lora Clawson, CRNP JHOPC - Suite 5070A 601 North Caroline Street Baltimore, Maryland 21287