As of September 19, 2020 the Department of Health and Human Services published a new notice, that provides reporting guidance to healthcare professionals. Providers that receive PRF payments exceeding $10,000 in aggregate are required to report their use of funds, as per the program Terms and Conditions. Please visit the…
As the July 24 deadline for HHS funding rapidly approaches, Non-Medicaid dentists with Tax Identification Numbers are encouraged to apply. Clinicians who are Medicaid and CHIP participants are eligible to apply for HHS funding until Aug 3. Those who are eligible will receive 2% of their reported annual revenue. Dental…
As businesses of all sizes continue to navigate the pitfalls and opportunities presented by the COVID-19 landscape, there’s been much talk of legislation supporting them through this process. Recently two key pieces of law are making their way through Congress which could mean big things for small businesses in particular….
As the world moves through the uncertainties, challenges, and ultimately the opportunities of the coronavirus pandemic, small businesses everywhere are having to adapt to evolving circumstances. One of the largest pieces of uncertainty is the possibility of a second wave of coronavirus sweeping through. Such a resurgence in infections could…
On June 3, 2020, the Senate passed with bipartisan approval H.R. 7010 Paycheck Protection Program Flexibility Act of 2020. The bill revises provisions associated with the forgiveness of small business loans. The bill establishes a new minimum maturity of five years for the remaining balance of the loan after forgiveness…
A patient that was recently treated in your practice has reported they or a member of their household has a confirmed case of COVID-19. Follow these steps to help manage the health of any team members who may have been exposed to that patient. Finding out that a recent patient…
In early March, consensus expectations for 2020 global GDP growth were +3%. Now they are -3%. That is a 6% swing in one month – unprecedented. You have to go back more than 40 years to find a similar decline in GDP. Even then, it took 12 months. Generally, such…
The economic impact of COVID-19 is causing concerns among many employers faced with contribution requirements associated with their Cash Balance and Defined Benefit Plans. In light of the current economic environment, many plan sponsors may not be in a position to continue, at least in the near term. Cash Balance…
These are challenging times. The COVID-19 pandemic has reshaped many aspects of our lives, including our financial well-being. We’ve discussed in previous blogs and newsletters the approach we advise our clients to take in navigating the financial and investment landscape, but it has come to our attention financial scams have…
The CARES Act was signed into law on March 27, 2020, and contains several provisions specific to retirement plans. Below is a list of Frequently Asked Questions (FAQs) we are hoping will address your immediate concerns. For further clarification and the next steps, please reach out to your dedicated Plan…
The discussion among many small business owners is how to utilize the Paycheck Protection and Economic Injury Disaster Loans, as well as other programs made available by the Small Business Administration (SBA). We’ve highlighted two options the SBA is offering and what each entails. Option One The Coronavirus Preparedness and…
Guidance issued from the Treasury Department The Paycheck Protection Program, starting this week, will provide up to $350 billion in fully forgivable loans to help small businesses maintain payrolls during the coronavirus pandemic. The loans are fully guaranteed by the Small Business Administration. But, the SBA will waive all SBA…
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