Apr 6, 2020
Hello, and welcome to this episode of 20/20 Money! Today’s show is a unique one in many ways, starting out with a longer-than-normal introduction. This episode is actually a replay of the 75 minute Q&A session I did with the ODs on Finance Facebook group on all things related to the CARES Act and how it impacts optometrists.
It’s important to understand that, at the time of the live Q&A session, both the IRS and Small Business Administration (SBA) had not yet released additional guidance on aspects of the CARES Act. By far the most popular topic in this discussion was on the Paycheck Protection Program, or PPP. Quite literally later that afternoon, the Treasury Department came out with guidance and interpretation of CARES and then the SBA released more additional, in-depth guidance two days later. Because (a) this was the most popular subject and (b) there are certain items of the PPP that have been clarified, I wanted to address those up front here in the introduction.
Here are the main points that have changed with regards to PPP:
Keep this information in mind as you’re listening to today’s episode. We’ve all been trying to figure out which way gravity is working these days, and the only thing that seems to be constant is change: change in regulations, change in laws, change in practice management. Please know that I’ll continue to do everything that I can to provide timely, correct, and relevant guidance to you as a listener of 20/20 Money. We’ve also been actively publishing information on our blog, so be sure to head to www.integratedpwm.com and click on the Learning Center to subscribe to our blog.
As a reminder, you can get all the information discussed in today’s conversation by viewing the show notes or by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, you can also set up a 20-30min Discovery conversation to learn a little bit more about what it means to work with our firm or check out any number of additional free resources like our eBooks and on-demand webinars.
And with that introduction, I hope you enjoy this episode of
20/20 Money!
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