A peer-reviewed journal that offers evidence-based clinical information and continuing education for dentists.

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Why the Paycheck Protection Flexibility Act Makes PPP Loan Forgiveness Much Easier

By Art Wiederman On Jun 10, 2020

On Friday, June 5, President Trump signed the Paycheck Protection Flexibility Act into law. This new legislation changes many of the rules that allow Paycheck Protection Program loan recipients to obtain forgiveness from the government.

Art discusses in detail:

Provisions of the new law
How it makes forgiveness easier
How dentists should proceed with the use of their loan money
EIDL loan provisions and why you should be cautious

While the laws have been relaxed significantly and forgiveness is easier, there is still work to be done. Art outlines steps dentists should take to obtain maximum forgiveness and gives tips on how they should plan going forward.

Art Wiederman, CPA

Serving dental professionals for 35 years, Art Wiederman, CPA, is director of dental practices for Eide Bailly, one of the nation’s leading CPA firms. With special expertise in dental practice metrics and benchmarks, he oversees a variety of services, including accounting, tax and financial planning, retirement planning, and financial practice management. In addition to his podcast, Wiederman lectures nationally on dental accounting and financial management. He can be reached at awiederman@eidebailly.com.

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