Small business owners include many dental practices across the nation. The current climate of the coronavirus pandemic has many dentists wondering how their practice will survive the coming weeks and months. Bryant Consultants, an on-call dental practice consulting agency, offers various free downloads and blogs saturated with resources for practices, but there is something that each of you can do right now. Ask Congress to consider additional legislative proposals to address COVID-19 and the effects it has on your practice. Together, we can make a difference.
Bryant Consultants wants you to know what the proposal includes and how to vote now.
The American Dental Association proposes the following:
- Easing and expediting the process for businesses to apply for Economic Injury Disaster Loans through the Small Business Administration.
- Deferring all monthly payments on federal student loans for all health care professionals, including dentists, without penalty.
- Deferring or eliminating payroll tax matching and payments, as well as deferring quarterly income tax payments for small business owners.
- Providing additional tax cuts for small businesses, which could include expanding Section 199A to include all small businesses regardless of income.
- Applying all telehealth de-regulation to virtual check-ins for dental evaluations (teledentistry) and supporting payment for these services within both Medicaid as well as commercial plans.
- Waiving an Employer’s Annual Federal Unemployment Tax for 2020 for small business employers with under 50 employees or freeze the current rate.
- Requiring all business Interruption Insurance policies to cover national emergencies, including those related to diseases such as COVID-19.
- Allowing for a one-time withdrawal without penalty from an individual’s 401k.
The ADA specifically is asking Congress to “Consider some of these suggestions to assist small business. Without help, we believe many dental practices will have to close.” Legislatures are contacting Congress to ask about including these suggestions in the next phase of the coronavirus relief bill, which will aim to help small businesses across the nation, including dental practices.
To cast your vote, please visit the ADA Legislation Center and click Take Action Now. It takes less than a minute. Let your voice be heard! You also can write your legislature directly requesting their support.
This is undoubtedly an uncertain time for many. As the government unveils its plan to help Americans, we need to push for the inclusion of this proposal for phase three. There still is time to vote and make a difference within your community, state, and country.
Bryant Consultants provides consulting services to small businesses and dental practices. We understand first hand how the effects of the coronavirus pandemic have taken a toll on small businesses and dental practices across the nation. Our professional business coaches are here to help you navigate through this most difficult time, figure out how to pay your employees and keep the wheels turning so that you can hit the ground running once you reopen your doors and restore normalcy. To find out more, please call (877) 768-4799 or connect directly with a consultant.
