15. The Employee Retention Credit: what it means for you and your healthcare practice, with Justin Elanjian

18/01/2023 37 min Temporada 1 Episodio 15
15. The Employee Retention Credit: what it means for you and your healthcare practice, with Justin Elanjian

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Episode Synopsis

Your dental practice has weathered the height of the COVID-19 pandemic, but you may be leaving money on the table if you haven't fully explored the options presented by the government's Employee Retention Credit (ERC) and Paycheck Protection Program (PPP).
These programs were launched to help employers like you, whose businesses suffered as a result of the pandemic's economic disruptions. And they're only available for a limited time, with phase-out dates beginning July 31, 2023.
In this episode, we're talking with Aprio’s Justin Elanjian, PPP and ERC expert. Justin is a CPA and the Partner-in-Charge of Aprio’s PPP & ERC Services, and helps both lenders and borrowers navigate the complexities of the PPP. He also helps his clients realize benefits from other stimulus package programs, such as the ERC, and is committed to strengthening his clients’ balance sheets and helping them achieve what’s next. 
We'll discuss:

What the ERC is, and what conditions a practice owner needs to meet in order to qualify

How COVID-era disruptions to supply chains impact eligibility

Special considerations for practices that opened or were acquired after the onset of COVID

What practice owners need to know about PPP loan forgiveness

How much time a provider should set aside to prepare all of the information needed to file their claim


Are you ready to take the next step toward your practice ownership dreams? Visit getprovide.com.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

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