The unexpected shutdown of your practice earlier this year was likely just the beginning of the financial challenges posed by the pandemic. The AAO can connect you with the resources you need to navigate the so-called “new normal.”
- Planning Your Cash Flow
- Families First Coronavirus Relief Act
- CARES and PPP
- State-Based Support
- Tax Relief for Businesses and Individuals
- About the Employee Retention Tax Credit (ERC)
- Guidance for Unemployed Orthodontists
Planning Your Cash Flow
Cain Watters offers a comprehensive, 90-day guide to maintaining the right cash flow to reopen your practice.
Families First Coronavirus Relief Act
Orthodontic practice owners and employees who are impacted by qualifying conditions may be eligible for paid sick leave under the Families First Coronavirus Relief Act (FFCRA). Read more from Cain Watters below.
CARES and PPP
Have you applied for the Paycheck Protection Program yet? Are you looking for more details about how the CARES act could benefit your practice? AAO and Cain Watters can help.
In addition to support from the federal government, you may be eligible for financial support from your state. Best Accounting Software analyzed and ranked the level of support states offer small business orthodontic practices.
Tax Relief for Businesses and Individuals
The CARES Act provides substantial financial benefits for both business and individuals. Cain Watters provides details you and your staff may need to make the most of this stimulus package.
About the Employee Retention Tax Credit (ERC)
If your practice was suspended due to COVID-19, but you have not taken advantage of the PPP or not eligible, you qualify for the Employee Retention Tax Credit.
Guidance for Unemployed Orthodontists
If you are an AAO member and are part of a DSO or employed as an associate, there are a number of financial assistance programs that may help you through this difficult time. This is particularly important if you have been unemployed or experienced a significant drop in your income.