Blog

Dear client,   PracticeCFO will be providing a national webinar to our clients and all invited dentists. In this important webinar, we’ll provide our financial recommendations during this time of COVID 19. Please join us. We believe it will answer many of your questions.   Fri, Mar 27, 2020 12:00 PM – 1:30 PM (PDT)   Webinar details Financial Planning for Dental Practice Owners Through COVID-19 Explaining unemployment, sick, and medical leave laws related to C19, and how...Read More

Dear clients Here is another set of questions you’ve all been asking, and our answers to those questions: As an employee of my corporation, should I file for unemployment? Technically you’re eligible if you meet the requirements outlined by the EDD here (for CA clients) and in some cases it will make sense. However, some thoughtful consideration should be given to the following factors: The work performed as “emergency” or “essential” work will be reported in the weekly...Read More

Dear Client, We continue to monitor feeds on the new bill and other programs that might help you. We’re also answering a lot of questions from clients. Here is another set of Q&A that might help you through this time: 1.With the new bill that just passed, it states there is an exemption for Health Care Providers.  Is my practice exempt as a Health Care Provider? It’s not entirely clear, but we spoke with two attorneys and both have said that the law generally interprets a health care...Read More

Dear PracticeCFO Clients,   We wanted to give you an update on the new bill that was passed, along information that may be relevant to you during this time. We’ve constructed this email in Q&A format.   The president signed the new Coronavirus bill last night – what does it mean for me? (Note, this is separate and different than State programs we’ve outlined in our prior emails) If you work for a company with fewer than 500 employees or the government: EMERGENCY PAID...Read More

As you know, we’re making efforts to keep our clients, and dentists more generally, financially informed during this time. If you’re a part of a dental group (online group, study club, dental association, etc), we’d value a few moments of your time to send a quick word to your groups with these links. (Feel free to copy and paste!) PracticeCFO’s financial guidance to help dentists through COVID 19: Damage Control for Your Office. Video: Click here....Read More

Dear clients, As committed, we’re continuing to give you updates to attempt to help you through this unusual period. Many of you are working with your bank to acquire needed funding to sustain cash levels. Here is another option we’ve recently learned that may be available from the SBA. We hear the website is periodically down due to heavy traffic, but it may be worth a try if your projected cash deficit is severe. Also, to accompany the email we sent out yesterday, Wes put together this...Read More

Dear Valued Clients In an attempt to give you further clarification on how to handle your practice during this time, we’re providing this follow up to our email from yesterday. It’s intended to give you more concrete action items, with online links (below) to take immediate action to help you address the reduced payroll for your staff. We’ve put together the following grid to easily understand what their (and your) options are. Please see additional...Read More