COVID Relief and Spending Bill Address Veterinary Priorities
Congress has passed a fourth COVID-19 relief bill and a comprehensive spending package to fund the government for the remainder of fiscal year (FY) 2021. These packages include many of AVMA’s top advocacy priorities, including fixing the unfavorable IRS tax treatment of expenses paid with Paycheck Protection Program (PPP) loans, streamlined PPP loan forgiveness for […]
Help Get COVID-19 Hazard Pay for PA Veterinary Professionals
PVMA needs your help! Veterinary practices were deemed essential from the start of the pandemic, but were excluded from receiving Hazard Pay. Veterinarian professionals play critical roles in food production, public safety, and ensuring optimal health for animals to sustain our economy. There is power in numbers, so let’s work together to change this by […]
COVID-19 Loans Are Supporting Veterinary Teams and Patients
Stimulus loans provided through the federal Paycheck Protection Program (PPP) have played a key role in supporting veterinary care and keeping veterinary practices open during the COVID-19 pandemic, data released this week by the federal government show…
Veterinary Services NAICS Code: 541940
When applying for relief or small business loans, you may be asked for a NAICS code on the application. For veterinary practices, you may use: Veterinary Services: 541940. This industry comprises establishments of licensed veterinary practitioners primarily engaged in the practice of veterinary medicine, dentistry, or surgery for animals; and establishments primarily engaged in providing testing […]
Helpful Business Resources from AVMA
AVMA has developed a suite of resources to help you understand the relief programs and allow you to decide how best to use them for your individual situation. The AVMA COVID-19 legislation and regulations page has detailed information to help you understand how the federal relief measures affect you, your team, and your business: Small […]
Veterinary Information Network Provides Flowcharts for Employees & Practices
Employee Financial Action Plan Flowchart Practice Financial Action Plan Flowchart
Webinar Summary: Personal Finance – Helping Navigate the Changing World
Our second Financial Focus webinar series was held on April 16, 2020. This webinar focused on personal finances. Resources: Stimulus Check Information Student Loan Information Veterinary Financial Advice
Webinar Summary: COVID-19 Federal Legislation Update – Information to Help Veterinarians Make Informed Decisions
Our first Financial Focus webinar series was held on April 14, 2020. This webinar focused on the financial aspect of COVID-19 federal legislation. Resources: Download presentation PPP Loan Forgiveness Workbook As of April 16, 2020: the SBA has stated on its website that it is officially not accepting any more PPP loan applications. This means […]
Coronavirus Aid, Relief and Economic Security Act (CARES Act)
Excerpt Source: AVMA.org As expected, the CARES Act cleared the Senate by a vote of 96-0 just before midnight on March 25, and the House passed the bill on Friday, March 27, 2020. President Trump signed the legislation Friday afternoon. Notably, the CARES Act represents the most significant stimulus package in our nation’s history. It contains […]
Governor Wolf Announced That Funding Is Available to Help Small Businesses Impacted by COVID-19
Excerpt Source: Governor.PA.gov The Commonwealth Financing Authority (CFA) recently authorized the transfer of $40 million to the Small Business First Fund for CWCA. PIDA authorized making $60 million available to provide loans of $100,000 or less to for-profit businesses with 100 or fewer full-time employees. Funds are expected to become available this week. …Eligible costs include […]
