
Updates to the HHS Provider Relief Reporting Requirements
With all the changing legislation and updates to the various relief programs, it’s important for dentists to stay informed. Although it may seem complex, Art helps make sense of it to help you with strategic tax planning and maximize profitability in your practice.
In this episode of The Art of Dental Finance and Management podcast, Art updates dentists about the new HHS Provider Relief Fund reporting requirements. In addition, there may be other potential changes coming in the PPP program, as well as a proposal for a second round of PPP loans. Decisions in Dentistry will continue to monitor changes in government programs and tax law to best inform dentists to better manage their practice. Art also discusses other financial topics impacting dentists and what they should be considering:
- Deducting PPP expenses
- Tax planning during uncertainty
- Accelerating income
- Deferring deductions
- Contributing to retirement plans
- Purchasing equipment in 2020 (as opposed to 2021)