COVID-19 Resources
Our hearts go out to the individuals, businesses, and communities that have been affected by COVID-19 (coronavirus). Read the most up-to-date information on COVID-19’s effect on your business, taxes, and more.
Dean Dorton values our relationship with you, and we commit to staying connected with you and helping you through this unprecedented situation. If you have any questions, concerns or if there is anything we can do to help you at this time, please let your Dean Dorton engagement leader or Dean Dorton advisor know.
We wish you, your teams, and your loved ones all the very best.
SBA Loan Programs
Additional HEERF Available to Support Students’ Basic Needs
On January 20, 2022, the U.S. Department of Education (the Department) announced $198 million in American Rescue Plan funds that will primarily support community colleges and other institutions to meet the basic needs of students – especially those exacerbated by the COVID-19 pandemic. The Supplemental Support under American Rescue Plan (SSARP) program will require institutions to submit applications to receive funding.
A Guide to the 2021 Paycheck Protection Program and Employee Retention Credit
Our COVID-19 Solutions team has put together a comprehensive guide to the 2021 Paycheck Protection Program and Employee Retention Credit, as amended by the Consolidated Appropriations Act and American Rescue Plan. This guide is a one-stop shop for all things PPP and ERC.
The American Rescue Plan: Breaking Down the Tax Changes
The American Rescue Plan Act of 2021 (ARP or Rescue Plan) was signed into law on March 11. The $1.9 trillion relief package contains help for many small businesses across the country, but with the relief comes several tax changes.
New Higher Education Emergency Relief Fund Guidance
The Department of Education (ED) has released new guidance for all Higher Education Emergency Relief Fund (HEERF) allocations passed by Congress to date. Read this article for an overview of the new guidance.
Tax
Additional HEERF Available to Support Students’ Basic Needs
On January 20, 2022, the U.S. Department of Education (the Department) announced $198 million in American Rescue Plan funds that will primarily support community colleges and other institutions to meet the basic needs of students – especially those exacerbated by the COVID-19 pandemic. The Supplemental Support under American Rescue Plan (SSARP) program will require institutions to submit applications to receive funding.
A Guide to the 2021 Paycheck Protection Program and Employee Retention Credit
Our COVID-19 Solutions team has put together a comprehensive guide to the 2021 Paycheck Protection Program and Employee Retention Credit, as amended by the Consolidated Appropriations Act and American Rescue Plan. This guide is a one-stop shop for all things PPP and ERC.
The American Rescue Plan: Breaking Down the Tax Changes
The American Rescue Plan Act of 2021 (ARP or Rescue Plan) was signed into law on March 11. The $1.9 trillion relief package contains help for many small businesses across the country, but with the relief comes several tax changes.
New Higher Education Emergency Relief Fund Guidance
The Department of Education (ED) has released new guidance for all Higher Education Emergency Relief Fund (HEERF) allocations passed by Congress to date. Read this article for an overview of the new guidance.
Business
Additional HEERF Available to Support Students’ Basic Needs
On January 20, 2022, the U.S. Department of Education (the Department) announced $198 million in American Rescue Plan funds that will primarily support community colleges and other institutions to meet the basic needs of students – especially those exacerbated by the COVID-19 pandemic. The Supplemental Support under American Rescue Plan (SSARP) program will require institutions to submit applications to receive funding.
Here, There, Everywhere! Top 10 Employment and Tax Considerations When Employees Work Remotely
It is not a secret that many employers and employees found themselves in remote working relationships because of COVID-19. But what does that relationship mean for your business in the long term?
Tax credits for COVID-19 paid leave set to expire September 30 (and updates on other COVID-19 relief programs)
Several government COVID-19 relief programs have already expired or will expire soon. Do you have all the information you need to make sure you maximize your benefits?
The Time is Coming to Apply for PPP Loan Forgiveness (and other COVID-19 Related Notes)
Repayment of Paycheck Protection Program (PPP) loans will begin this month for early borrowers. Approximately 71% of total PPP loan borrowers have yet to apply for forgiveness.
Audit & Assurance
WEBINAR: Newcomers to Single Audits – Provider Relief Fund Addition
Both non-for-profit and for-profit entities who have received and expended more than $750,000 in Provider Relief Funds (CFDA 93.498) within a fiscal year will be required to have a single audit completed on these funds. Our team of experts hosted a webinar on Thursday, August 13 to provide more information about the Single Audit process and walk through these new requirements
Single Audit Requirements for Provider Relief Funds
We have important information regarding single audit requirements for both non-for-profit and for-profit entities who have received and expended more than $750,000 in Provider Relief Funds through the CARES Act.
Safe Harbor for Retirement Plan Use of Electronic Media
The Department of Labor issued a final rule on May 21, 2020 that establishes a new voluntary safe harbor for retirement plan administrators who want to use electronic media as a default to furnish covered documents to covered individuals.
Introducing GASB Statement No. 95
In response to the ongoing COVID-19 pandemic, the Governmental Accounting Standards Board issued this month Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance.
Wealth & Estate Planning
Investment considerations in light of COVID-19
The effects of the COVID-19 pandemic have been significant, impacting in some way nearly every aspect of society. On the financial front, we have seen major upheaval to the economy, and we unfortunately saw a quick and steep decline in equity markets in mid-to-late March.
Wealth transfer planning strategies for the current time
While news about the pandemic and all the ways it is impacting us dominate our daily lives, those who give attention to the future may be able to find some attractive wealth transfer opportunities.
Recent Retirement Plan Changes Assist Individuals during COVID-19 Crisis
As most everyone knows by now, the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or the “Act”) recently signed into law provides an extensive relief package covering var [...]
Converting a Traditional IRA to a Roth IRA – Is now the right time?
COVID-19 has taken a significant toll on the stock market in recent weeks, and many taxpayers expect their overall income to be diminished in 2020. However, for the opportunistic investor, these chal [...]
Industries
Provider Relief Funds | Late Reporting Request Window
Health Resources & Services Administration (HRSA) has announced an opportunity for providers who missed Reporting Period #1. This would apply to providers who have received letters requesting repayments of the provider relief fund payments they received.
Quarterly Hospital Compliance Survey Analysis
State Agencies and Accrediting Organizations monitor compliance with Medicare’s Conditions of Participation for Hospitals by conducting unannounced surveys. Hospital Compliance personnel can use this data set to identify common areas of deficiencies, trends and specific circumstances for each deficiency. This blog explores the most recent update that was posted in April 2022.
Provider Relief Fund Reporting Period 2
The Provider Relief Fund Reporting Portal has opened for period 2 and the HRSA has issued new guidance. This article includes all of the resources you need to be up-to-date on reporting needs!
Provider Relief Funds – Round 4
The U.S. Department of Health and Human Services (HHS) is making $25.5 billion in new provider relief funding available to healthcare providers. Information regarding eligibility, applications, and payment process can be found in this article.
COVID-19 Solutions Team
Group Team Lead
David Bundy, CPA
President & CEO
Tax Services
Melissa Hicks, CPA
Director of Tax Services
Erica Horn, CPA, JD
Associate Director of Tax Services
Maddie Schueler, JD, LLM
Senior Tax Consultant
Human Resources
Kerri Schwaner, PHR
Director of Human Resources
Payroll and Accounting Services
Justin Hubbard, CPA, CGMA
Associate Director of Accounting & Financial Outsourcing
Information Technology and Business Continuity
Jason Miller
Director of Business Consulting
Cybersecurity
Gui Cozzi
Cybersecurity Practice Lead
Accounting and Reporting Matters
John Wurtenberger, CPA
Director of Assurance Services
Corporate Financing, Structuring, and Strategy
Please contact your tax advisor for questions related to corporate financing, structuring, and strategy.
Individual Wealth Management and Business Retirement Plans
David Parks, CPA/ABV
Senior Wealth Advisor
Dean Dorton Wealth Management
Matt Parks, CPA
Wealth Advisor
Dean Dorton Wealth Management