CARES Act Update: HHS Provider Relief
The deadline to apply for the second round of HHS provider relief is September 13, 2020. In this video, Scotty Sykes, CPA, CFP® discusses the eligibility terms and addresses the lack of clarity surrounding this relief and how it applies to independent pharmacies.
The HHS provider relief website has a lot of useful information and answers frequently asked questions: https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/
If you have any questions regarding the HHS Provider Relief Fund, how to account for these funds if you accept them and how this will impact your tax planning, please contact our office or schedule a call with Ollin Sykes or Scotty Sykes.
You can stay up-to-date on many of the relief options and tax impacts as they relate specifically to independent pharmacies through our coronavirus advisory page.