by The MDTAXES Network | Aug 10, 2020 | August 2020 Newsletter
Over this past weekend, President Trump issued an Executive Order allowing your employees earning less than $4k per bi-weekly pay period to defer having Social Security and Medicare taxes withheld from their pay starting September 1, 2020 through the remainder of...
by The MDTAXES Network | Aug 10, 2020 | August 2018 Newsletter, COVID-19
Practice owners with offices in New Hampshire (NH) should be aware that they only have until August 13th to complete the online application to tap New Hampshire’s COVID-19 Emergency Healthcare System Relief Fund (CEHSRF). Info is available at:...
by The MDTAXES Network | Aug 10, 2020 | August 2020 Newsletter, COVID-19
Below is a list of “Frequently Asked Questions” put together by our friends at TD Bank to help answer some of their clients’ questions. This info should be helpful to anyone who received a PPP Loan. Loan Forgiveness Q: How do I apply for loan forgiveness?...
by The MDTAXES Network | Aug 3, 2020 | August 2020 Newsletter, COVID-19 INDIV
Another recent development gives people until 8/31/20 to repay any Required Minimum Distributions taken so far in 2020, including RMDs from inherited IRAs. According to the IRS at: IR-2020-127, June 23, 2020 WASHINGTON — The Internal Revenue Service today announced...
by The MDTAXES Network | Aug 3, 2020 | August 2020 Newsletter, COVID-19
Good news for procrastinators. The deadline to apply for this subsidy has been pushed back until 8/28. We posted information about this subsidy at:...
by The MDTAXES Network | Jul 27, 2020 | July 2020 Newsletter
Looking for a company to help you with lease negotiating or with the purchase of commercial space? How about a company where the fee for their services is actually paid by your landlord or by the person you purchase the real estate from, and isn’t paid you? We...
by The MDTAXES Network | Jul 27, 2020 | COVID-19, July 2020 Newsletter
The U.S. Department of Health and Human Services (HHS) PPE Subsidy is now available to ALL dental practices to help fund the purchase of the necessary protective supplies needed to safely practice. Please apply for this HHS subsidy known as the Provider Relief Fund...
by The MDTAXES Network | Jul 27, 2020 | COVID-19, July 2020 Newsletter
The word is that PPE is once again becoming challenging to obtain. One of our non-healthcare clients, GreenStreets USA Inc, a distributor of paper and cleaning products to businesses throughout New England, New York and New Jersey, notified me that they have stocked...
by The MDTAXES Network | Jul 27, 2020 | COVID-19, July 2020 Newsletter
For 2 months or so, people throughout the U.S. were mostly quarantined in their homes which substantially reduced the number of visits made for medical and dental services. For the Medicare and Medicaid systems, that means that very little money was spent during...
by The MDTAXES Network | Jul 27, 2020 | COVID-19, July 2020 Newsletter
The CARES Act provides for easy access to IRAs and other retirement plans for anyone who “experienced adverse financial consequences as a result of closing or reducing hours of a business that you own or operate.” Sounds like a great opportunity, right? Let’s start by...
