Provider Relief Fund Update – October 9, 2020

On October 1, 2020, the U.S Department of Health and Human Services (HHS) announced it will be distributing an additional $20 billion to offer financial support to health care providers, including dentists, as Phase 3 of the Provider Relief Fund. Many dental providers have already app
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PPP Loan Forgiveness Update – October 1, 2020

On Tuesday, September 29, the Treasury Department provided an update on the Paycheck Protection Program (the “PPP”). The PPP has provided small businesses financial assistance through the COVID-19 pandemic, and hopefully this latest update will get the loan forgiveness pro
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Update on PPP Loan Forgiveness

Question: I used my PPP money, how do I apply for forgiveness? Answer: Don’t apply – not yet. Many businesses are nearing the end of the 24-week covered period and asking when is the right time to apply for forgiveness. We are recommending businesses continue to wait for t
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Quarterly Estimated Tax Payments Revised Due to COVID-19

BWTP PC recently sent an email blast out to clients regarding taking another look at prepared 2020 quarterly estimated tax payments due to changes caused by COVID-19. The email blast stated: “We hope you and your family are safe and staying healthy. In order to provide the best
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Guidance Issued Concerning Deferral of Employee Social Security Tax Withholding

On August 8, 2020, the President of the United States issued a Presidential Memorandum authorizing the Secretary of the Treasury to defer the withholding, deposit, and payment of certain payroll tax obligations. Applicable wages was defined as wages paid to an employee on a pay date d
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