Episode #105

20/20 Money Episode #105 – PPP Forgiveness Strategy, EIDL, and Election Update

November 9, 2020

Today’s episode will discuss a couple of updates around PPP forgiveness and how to think about the taxation of PPP funds along with an additional perspective on the EIDL loans that so many optometric practice owners have taken out as a backup cash reserve. I’ll also share some thoughts on why it’s important to understand the role that our entire government plays in relation to the platforms that presidential candidates campaign on and why we shouldn’t let the agenda of a presidential candidate influence our emotions until we know the results of ALL elections—not just the presidential election.

If you’re interested in having your question and your voice featured on the 20/20 Money podcast, you can submit it here. You can either include your name or submit anonymously. Please keep your questions short and to the point. Sometimes writing it down beforehand can help.

As a reminder, you can get all the information discussed in today’s conversation or check out any number of additional free resources like our eBooks and on-demand webinars by visiting our website at integratedpwm.com and clicking on the Learning Center. You can also visit this page to set up a 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, manage cash flow, and make proactive money decisions.

Start Planning Today

Don’t miss out on exclusive access to financial tips, strategies, and expert-led webinars. Subscribe to the “Planning Life, On Purpose” newsletter today and stay ahead of the planning curve!

Straight Cash, Homie.

Episode Transcript

Enjoy our content? Subscribe for regular updates!

Related Podcasts

  • Practice Management
PREVIEW: The Optometry Success Podcast – Reducing business risk when adding associate ODs in an established practice

Adding associate ODs in an established practice feels risky. Let’s go from risky to empowering! In this episode, we explore…

  • Buy or Sell a Practice, Practice Management
Why value creation matters more than timing your exit: a conversation with Tom Turmell

If you wait until you’re ready to sell to start planning, you’re already late. My guest on today’s show is…

  • Practice Management
How one owner left his practice for 30 days—and why more owners should consider it

If you’ve ever felt chained to your practice and the thought of stepping away for an extended period of time…

  • Practice Management
Flippin’ the script: What I’ve learned about ODs & the profession of optometry producing 300+ episodes of 20/20 Money

In this derivative of a show takeover, Dr. Brianna Rhue interviews me to explore my journey in podcasting and the…

  • Practice Management
Improving your practice by tracking the right KPIs (and ignoring the wrong ones) with Nathan Hayes

Most practice owners know they should be tracking specific measurables in their practice that will help them understand their paths…

  • Practice Management
A blueprint to successfully recruit ODs to join small town practices with Dr. Andy Yaryan, OD

Arguably the biggest ongoing challenge practice owners face can be lumped into staff—both OD and non-OD alike. This challenge can…