The following are simply a few made up examples of how the forgiveness program works, which is how you determine your ultimate pay back responsibility. It is obvious that the many variables in the program can change how this loan works. Sample Calculation #1 You...
Optometry Practice Management Blog
Check Out The Latest In PPP News Here
At Practice Performance Partners, we’re here to support eye care professionals with practical insight, strategic guidance, and the latest updates from across our partner organizations. From compliance trends to operational best practices, our blog is a place to explore what’s new, what’s changing, and what’s worth paying attention to. Scroll through the categories below to find the content that matters most to your practice.
COMPLETING THE PPP APPLICATION
A sample application can be found here. For purposes of calculating “Average Monthly Payroll”, most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly...
PAYROLL PROTECTION PROGRAM
In general, this program is designed to help you retain your employees in the economic downturn related to the COVID-19 crisis by providing up to eight weeks of federally guaranteed loans that are forgiven, with stipulations, if you continue to pay your employees. A...
COMPLETING THE PPP APPLICATION
A sample application can be found here. For purposes of calculating “Average Monthly Payroll”, most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly...
TWC SHARED WORK PROGRAM
The Texas Workforce Commission Provides an Alternative to Layoffs During COVID-19 The Texas Workforce Commission (TWC) is encouraging employers to enroll in Shared Work program as an alternative to layoffs. The voluntary Shared Work program was developed to help Texas...
FROM THE DESK OF JOE DELOACH, CEO
I am not an attorney or epidemiologist; I am not an expert here – this is all my educated opinion. My advice up until yesterday was pretty clear but every hour the insanity increases, and the advice gets more blurred. I will try to tell you what we KNOW, think we...
TELE-SERVICES SUMMARY
There are many new developments related to telehealth services and some new issues directed related to the COVID-19 crisis. Let’s review what was in place before the new CMS decision related to our current health care crisis then we can summarize what recently...
COVID-19 HR GUIDELINES
Below are some general pointers for managing staff: Your employees have a right to say they do not want to increase their exposure and want to stay home. In most cases this is job abandonment, but I think in this case honoring their request and welcoming them back...
CLIENT ALERT COVID-19
PCS has been reluctant to comment on the current COVID-19 situation due to the constantly changing nature of this national issue. In this short statement, amid the combination of truth and paranoia we are all facing, we wish to provide some clarity on a few confusing...
EMAIL AND YOUR PATIENTS
Communicating with patients is an important part of your practice but you must make sure you follow HIPAA guidelines. When we talk about communication through email, it basically falls into 3 categories: FROM the patient TO the patient To a Third Party (anyone else...
