The Art of Dental Finance and Management

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

December 29, 2020 | Podcast

Read more about all the updated PPP Legislation

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, Art discusses 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.

 

Art Wiederman, CPA
Eide Bailly LLP
657.279.3243
awiederman@eidebailly.com

 

Show Notes and Resources


Stay informed!

Enter your email address below for access to weekly episodes.


Learn More

See what more we can bring to organizations just like yours.

Dental Consulting Healthcare

Latest Episodes

January 20, 2021
Podcast

In this episode, Art talks to Steve Kwong of Merrill Lynch to discuss financial planning fundamentals, as well as which types of investments are the best bet for 2021.

January 13, 2021
Podcast

A new round of PPP loans are now available for dentists. Hear everything you need to know about these loans and the new stimulus package in this episode of the Art of Dental Management.

January 6, 2021
Podcast

Teledentistry can help dentists add polish to their practice. Our recent podcast episode dives into the additional consultation options and benefits that teledentistry can provide.

December 16, 2020
Podcast

A potential second round of PPP loan funding is on the horizon, with $300 billion for small businesses who have suffered income loss. This episode takes a close look at this pending legislation, as well as what year-end planning you should be doing.

December 9, 2020
Podcast

Art visits with experienced commercial real estate agent Brian Mills of ROAM Commercial Realty to talk about the different aspects and considerations of commercial leases as all as the advantages of owning your own building.

December 2, 2020
Podcast

This week, Art brings on James Davenport, MBA, Managing Director of Beacon Pointe Wealth Advisors, to discuss investment strategies for 2021 as well as for different stages in your life.