The Art of Dental Finance and Management

Planning for Receipt of Your PPP and EIDL Loans with Academy of Dental CPAs Panelists

May 6, 2020 | Podcast

Art meets with three members of the Academy of Dental CPAs: Mark Rosen, BJ Kaucher and Bob Gray in today’s episode of The Art of Dental Finance and Management podcast. The panel discusses strategies for dentists to use SBA loan funds acquired from the EIDL and PPP loan programs and how to obtain maximum forgiveness.

As of May 3, the SBA still has not provided critically-needed guidance to answer many questions dentists have, however, the panel provides valuable guidance on:

  • What to do if you have not already applied for a loan
  • Whether you should start paying your dental team when you get the money or wait until your office opens up
  • How the forgiveness rules work
  • Things dentists should consider upon reopening
  • Can PPP loan money be used as working capital

 

Mark B. Rosen, CPA, CFP®
Rosen & Associates
mrosen@rosencpagroup.com
508.475.3814
www.rosendentalcpa.com
BJ Kaucher, CPA
Coleman, Ureda, Alford & Kaucher, P.A.
bj@cu-cpa.com
803.454.0310 ext. 23
www.cu-cpa.com
Robert J. Gray, EA
Gray-Pilgrim and Associates, LLC
bob@gpallc.net
717.263.8713
www.gpallc.net

 

All panel members stress that proper planning for all finances, including these funds, is critical.

While this is still an ever-changing situation, we will continue to stay apprised of the latest updates and share them with the dental community.

PPP loan eligibility and maximization of forgiveness is critical.


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 Offices

Latest Episodes

August 5, 2020
Podcast
How can you avoid a fallout in your dental hygiene schedule? JoAnne Tanner of Tanner Management offers tips in this episode of The Art of Dental Finance and Management podcast.

July 29, 2020
Podcast
Dr. Lee Maddox of Maddox Healthcare Law joins the Art of Dental Finance and Management this week to talk about the business of buying and selling dental practices.

July 22, 2020
Podcast
In today’s episode of The Art of Dental Finance and Management podcast, Art Wiederman, CPA, covers a variety of important topics to help dentists navigate this critical time.

July 15, 2020
Podcast
In this episode, Art reviews the rules as to who is eligible and discusses the Terms and Conditions that dentists need to comply with if they accept this aid (generally 2% of their gross receipts).

July 8, 2020
Podcast
In this episode, Art meets with dental CPA, Robert Edwards and his wife, dental management consultant, Dr. Sharon Tiger.

July 1, 2020
Podcast
As dentists start reopening their practices, it becomes increasingly important for them to develop a solid plan for the coming months.