Tag Archives: covid

Covid-19 Assistance Relief

There is no doubt that the Covid-19 pandemic affected every dental practice in America. Here in California, an unprecedented shutdown led to fear and uncertainty for dental practice owners. In addition to a concern for their health and the health of their families, the shutdown led to a concern for their financial futures and their staff's financial futures. Thankfully, we quickly saw numerous, much-needed programs open to help protect business owners. These programs provided financial assistance to keep dental practices afloat over the past year and a half. However, their quick rollout led to confusion. How should these funds be used? Are they taxable? What reporting requirements do they have? Below we will answer these questions and more regarding these assistance relief programs.