On December 27, 2020, the Consolidated Appropriations Act of 2021 was signed into law. This law provided a huge opportunity to many dentists to not only obtain full forgiveness of their round one Paycheck Protection Program (PPP) loans but also allowed dentists to claim tens of thousands of dollars of federal tax credits from the Employee Retention Tax Credit (ERTC). This webinar will show dentists how they can take advantage of this opportunity.
A thorough, statistically relevant, random, sample records audit of patient charts to evaluate documentation, redo’s, consents, and financial arrangements. We’ll review days per week and hours along with internal and external marketing.
1. Explain how the Employee Retention Tax Credit rules work.
2. Review the rules for obtaining forgiveness of your round one PPP loan.
3. Explain how a dentist can obtain both PPP forgiveness and receive up to $5,000 per employee in a Federal Employee Retention tax credit for 2020.
4. Discuss why filing early for PPP loan forgiveness could cost you tens of thousands of dollars.
Art Wiederman, CPA, Director-Dental Division | Eide Bailly
For more than 35 years, Art Wiederman has specialized in serving dental practices in the Southern California area. He oversees a variety of professional services including accounting, tax compliance and planning, financial planning, retirement planning and financial practice management consulting. Art is a Senior Manager on Eide Bailly's team that specializes in serving dental practices.
Art’s expertise is not only in taxation issues for dentists, but also in knowledge of dental practice metrics and benchmarks. He has the ability to look at a dentist’s profit and loss statements and practice management reports and identify profit holes in the practice. In addition, Art is adept at buy-in and buy-out consulting, practice start-ups, compensation plan development, operation evaluations, and litigation support for dentists.
As an thought leader in dental practice accounting and financial management, Art is a regular lecturer at state, local and national dental conferences, dental societies and dental schools. He is a founding member of the Academy of Dental CPAs (ADCPA) and hosts the weekly podcast “The Art of Dental Finance and Management.”
Megan Mortimer, Congressional Lobbyist | American Dental Association
Megan Mortimer is currently a Congressional Lobbyist for the American Dental Association. In her role, Megan represents the interests of dentists and their patients in front of members of Congress and their staffs. Her portfolio includes tax, veterans’ affairs, student loans and higher education reform, as well as all legislative matters related to small businesses. Prior to working for the ADA, Megan spent nearly 10 years lobbying on behalf of a myriad of clients for two different lobbying firms in D.C. Megan received her B.A. in political science from the University of Massachusetts at Amherst and her M.A. in political science from Georgetown University.
Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.