Category: Dentists

How Can We Spend Our PPP Funds and Still Have Them Forgiven

Please join us on Friday, May 8th, at 1:00 pm ET for a webinar discussing doctors’ budgeting concerns during this challenging time. We will be talking about how to allocate funds from the PPP program to capitalize on the program the most for your practices and gain maximum forgiveness. We will be making very valuable […]
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How to Request Documents from LLI Advisory Group

We hope you are all safe and well during these unprecedented times. There has been an overwhelming request for tax return documents from many of our clients who have been applying for loans, lines of credit, or mortgages, or who are refinancing existing mortgages. To enable us to better assist you and fulfill your request, […]
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CARES Act Update – Friday, April 10, 2020

Friday, April 10, 2020 Paycheck Protection Program (PPP) Banks have started to accept and process PPP applications. We anticipate that the major banks, such as Bank of America and Chase, will process and fund these applications rapidly. Please keep in mind that upon approval/funding, the 8-week covered period to utilize the money will start. Congress […]
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Paycheck Protection Program

While the Federal government is assisting small businesses through a Small Business Administration loan under the Paycheck Protection Program (PPP) via the CARES Act, there are still some issues that need to be worked through before this program can be implemented. The SBA and the administering banks have recently come to terms on lending guidelines, […]
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CARES Act Update

Monday, March 30, 2020 LLI hopes that you and your loved ones are safe and healthy during this unprecedented time. We have been doing our best to get information out to everyone in a timely manner. On Friday, March 27th, the Small Business Interruption Loan Under the Coronavirus Aid, Relief, and Economic Security Act (“CARES […]
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Small Business Interruption Loans Under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)

New legislation in the wake of the coronavirus pandemic provides funding for the SBA to provide low-interest disaster assistance loans to struggling small businesses. On March 6, the Coronavirus Preparedness and Response Supplemental Appropriations Act was passed, providing $20 million for the SBA to leverage $7 billion in low-interest disaster assistance loans to small businesses. […]
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AADOM Membership Offer

When we receive information about programs that could be beneficial to you, we like to pass it along. Please read the information below about a special membership offer from the AADOM. LLI ADVISORY GROUP SPECIAL ANNOUNCEMENT: In response to the COVID-19 outbreak, AADOM is opening up ALL member benefits so dental office management teams across […]
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Status of New Jersey, New York and Pennsylvania Tax Filing Deadlines

March 26, 2020 New Jersey A bill that has been passed by the New Jersey Legislature would extend the state’s tax filing deadline to June 30. The bill awaits Governor Murphy’s signature. The NJCPA is advocating for him to conditionally veto the bill to change that deadline to July 15. Either way, we’ve been assured […]
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IRS Provides More Clarity on Extended Filing and Payment Deadlines

March 25, 2020 Recently, the IRS announced in Notice 2020-18 federal income tax return filing and payment relief in response to the coronavirus (COVID-19) emergency. Its release raised as many questions as it answered. On March 24, the IRS began the process of addressing those questions, through a series of Frequency Asked Questions, which it […]
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Tax return filing date moved to July 15

In a tweet, Secretary of the Treasury Steven Mnuchin said, “At direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.” In a follow-up tweet, Mnuchin wrote, “I encourage all taxpayers who may have tax […]
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