by KNSS | Jun 22, 2021 | 2021 June news, Practice resources
By Cirrus Dental. (www.mycirrusdental.com) As dental industry trends change, many dentists are realizing their relationships with dental insurers are not necessarily beneficial to them or their patients. And, as they review their financial situations, some of these...
by KNSS | Jun 22, 2021 | 2021 June news
Earlier this year, Andrew Schwartz CPA and Ben Larkin ESQ joined together to open Optimal Practice Transitions LLC (https://www.optimalpracticetransitions.com/), a brokerage for dental practices and other professional practices. Together they have more than 40 years...
by KNSS | Jun 22, 2021 | 2021 June news
Just a reminder that if your practice had a 401k/Profit Sharing Plan in place during 2020, you are required to file a Form 5500 by 7/31/21...
by KNSS | Jun 22, 2021 | 2021 June news
On March 11, 2021, President Biden signed the $1.9 Trillion American Rescue Plan Act of 2021 into law. ARPA included a provision expanding the Employee Retention Tax Credit (ERTC) to include “Recovery Startup Businesses (RSB)” – those that opened after 2/15/20...
by KNSS | Jun 22, 2021 | 2021 June news
The Employee Retention Tax Credit (ERTC) has had quite a journey since first being introduced as part of the CARES Act last March. Originally, business owners who took the PPP Loan weren’t eligible for this valuable payroll tax credit. That all changed in December...
by KNSS | Jun 22, 2021 | 2021 June news
If your practice received a Provider Relief Fund Grant from HRSA of more than $10k, you are required to self-report that you utilized those funds properly. On 6/11/21, the Health Resources and Services Administration (HRSA) issued guidance available at:...
