IRS Provides Tax Relief Due to Oregon Wildfires

*This does not affect any previously filed tax returns or payments made.* On Wednesday, September 16, 2020, the IRS announced tax relief for Oregon counties in which FEMA had declared disaster effected… Continue On +

Social Security Tax Deferral – Effective September 1, 2020 – IRS Notice 2020-65 by Executive Order

Background On August 8, 2020, President Trump signed an Executive Order which would allow employees to defer paying in their share of Social Security taxes starting with payrolls that occurred between September… Continue On +

An Employee Tests Positive for COVID-19 – What Needs to Happen Next?

Your office is open again and things are running smoothly, and then you get the news: an employee suspects they have COVID-19.  What is next? The employee that suspects they have COVID-19… Continue On +

The ADA Clarifies Questions about HHS Funds for Dentists

The ADA has released additional information about the HHS Provider Relief Funds for Dentists.  One of the biggest concerns was that it appeared the practice could not balance bill if they received… Continue On +

COVID-Related Payroll Tax Credits and Relief – You May be Eligible

Congress has provided multiple levels of assistance to small businesses and employees through the CARES Act and the Families First Act.  Relief has included the PPP loan, which has helped many practice… Continue On +

PPP Loan Forgiveness Application – We Recommend You Wait

Even though banks are making the PPP Loan Forgiveness application available to clients, our recommendation is to wait before filling out the application. There are a few reasons why we suggest waiting:… Continue On +

New Funds Available – CARES Act Provider Relief Fund Expanded to Include More Dentists

As of July 10, 2020, the US Department of Health & Human Services (HHS) released a new Provider Relief Fund for Providers. We have been supplied with General Information and Frequently Asked… Continue On +

Important PPP Loan Forgiveness Guidance Released

On June 22nd, additional guidance was released for the PPP loan program. The new guidance provides important information about owner and self-employed compensation as it relates to loan forgiveness along with exemptions… Continue On +