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

Tooth and piggy box with coins on isolate white

geckophotos / iStock / Getty Images Plus

Maximizing ERC Funds for Dentists: Lessons Learned

By Art Wiederman and Jim Donovan, CPA On Jun 9, 2021

On today’s episode of The Art of Dental Finance and Management podcast, Art meets with Jim Donovan, Partner-in-Charge of the Employee Retention Credit (ERC) program at Eide Bailly. Art and Jim discuss the lessons they’ve learned throughout the process of helping clients maximize funding, as well as how dentists can still take advantage of the opportunity. Some key points covered in this episode include:

History of the ERC provision
How to qualify
Timing to receive
How to calculate and maximize funding
2021 rules

Reach out to Art if you have any questions regarding dental finance and management for your dental practice.

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.

Jim Donovan, CPA

Jim Donovan, CPA, has 20 years of tax consulting experience primarily focused on tax credits for a variety of industries. He helps clients benefit from federal and state R&D tax incentives, which can include additional deductions and credits for activities many businesses consider a necessity to remain competitive in today's marketplace. He also provides assistance with IRS and state taxing authorities to support R&D credit claims and has written articles on tax incentives.

Theory That COVID-19 Originated From Laboratory Leak Deemed Plausible

Benco Dental to Acquire ADI Mobile Health