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Money Matters

COVID Relief and Spending Bill Address Veterinary Priorities

COVID-19 Resources, Money Matters /

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 […]

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Help Get COVID-19 Hazard Pay for PA Veterinary Professionals

COVID-19 Resources, Money Matters /

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

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Veterinary Services NAICS Code: 541940

COVID-19 Resources, Money Matters /

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

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Webinar Summary: COVID-19 Federal Legislation Update – Information to Help Veterinarians Make Informed Decisions

COVID-19 Resources, Money Matters /

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

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Coronavirus Aid, Relief and Economic Security Act (CARES Act)

COVID-19 Resources, Human Resources, Money Matters /

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

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Governor Wolf Announced That Funding Is Available to Help Small Businesses Impacted by COVID-19

COVID-19 Resources, Money Matters /

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

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