What Dental Practices Need to Know About the Paycheck Protection Program (PPP) and Employee Retention Credits (ERC), with Aprio Partners Justin Elanjian and Adam McDowell (Nashville Business Radio, Episode 18)
Aprio Partners Justin Elanjian and Adam McDowell joined host John Ray to discuss how dental practices need to address the intricacies of PPP and ERC to maximize potential eligibility. They also discussed special cash flow considerations dental practices should contemplate for 2021. Nashville Business Radio is produced virtually from the Nashville studio of Business RadioX®.
Aprio is a premier full-service, CPA-led business advisory firm that advises clients and associates on how to achieve what’s next.
Aprio’s associates work as integrated teams across advisory, assurance, tax, outsourced accounting solutions and private client services, bringing the best thinking and personal commitment to each client. Across practices, Aprio brings together proven expertise, deep understanding, and strategic foresight for industries including Manufacturing and Distribution; Non-Profit and Education; Professional Services; Real Estate and Construction; Retail, Franchise and Hospitality; and Technology and Blockchain.
Headquartered in Atlanta, Georgia, Aprio has grown to over 700+ team members. To serve clients wherever life or business may take them, Aprio’s teams speak more than 30 languages and work with clients in over 50 countries.
Justin Elanjian, CPA, Partner-in-Charge, PPP & ERC Services, Aprio, LLP
Justin Elanjian, CPA, is the Partner-in-Charge of Aprio’s Paycheck Protection Program (PPP) & Employee Retention Credit (ERC) Services. As a national PPP expert, prominent speaker and strategic business advisor, Justin helps both lenders and borrowers navigate the complexities of the PPP.
He helps his clients realize benefits from other stimulus package programs, such as the ERC, and is committed to strengthening his clients’ balance sheets and helping them achieve what’s next.
Justin also leads a team of more than 50 professionals who share his passion for helping businesses maximize their liquidity by leveraging the benefits of these COVID legislative programs.
Adam McDowell, Adam McDowell, CPA, MBA, Aprio, LLP
Adam works with a variety of small to mid-sized businesses and my clients include owners of dental practices, veterinary clinics and residential construction companies. He speaks with his clients regularly to help them establish goals and monitor their progress. He makes sure personal financial goals like saving for college and retirement don’t get lost in the shuffle of running their businesses.
The majority of his days are spent advising clients on how to improve business operations, increase profitability and manage risk. He is always looking for innovative tax planning strategies to help his clients save money. He serves clients as a coach and focus on how lessons learned can be applied to advance the business.
His clients rely on him for:
- Forecasting and predictive analysis
- Cash conservation and cash flow management
- Tax strategies that fully leverage tax credits and incentives to maximize profitability
- Leveraging available credit
Questions and Topics in This Interview
- Employee Retention Credit Eligibility
- Employee Retention Credit Maximization
- Paycheck Protection Program Forgiveness
- Paycheck Protection Program & ERC alignment
- Dental Practice cash flow management
“Nashville Business Radio” is hosted by John Ray and produced virtually from the Nashville studio of Business RadioX®. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.