Video: Tips for How Therapists Can Use the Federal Stimulus Offerings

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9/9/22, 930 AM
Federal Stimulus Mental Health Treatment
Addiction Treatment
Video Tips for How Therapists Can Use the
Federal Stimulus Offerings
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Video Tips for How Therapists
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As a private practice therapist or treatment
center, you qualify for emergency funding from
the Federal Stimulus Package. In this webinar,
Integrative Life Center CEO Ryan Chapman and CPA
Richard Tomichek share their experience in
taking advantage of this emergency funding for
small business and tips for how you can too.
Click here for additional questions and answers.
Key takeaways from this webinar
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1. Go To SBA.Gov And Start
9/9/22, 930 AM Federal Stimulus Mental Health
Treatment Addiction Treatment
Your Application NOW We dont know where things
will be two months, or even two weeks from now.
It will be worth it to prepare and secure some
economic cushion. 2. Talk To Your Bank Talking
to your bank should be your first course of
action. If your business bank says they cannot
accept your PPP application, try your personal
bank. Look for any banking relationships you may
have. Offer to set up your secondary business
account with a new bank if theyll accept you as
a new customer and allow you to apply for your
emergency funding. Get creative and dont give
up. 3. Start Collecting Necessary Documents The
guidance isnt out there yet for people who
havent done their 2019 taxes but its a good
idea to start pulling the same documents you
would as if you were about to file. Payroll
reports, utility bills, leases, receipts,
etc. 4. Hire A CPA It may be frustrating to hear
that you need to bring in additional help but the
guidance a qualified CPA can offer you will be
more than worth the expense, especially if it
means more money in your pocket in the end.
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5. Decide If 2.5x Your Monthly
9/9/22, 930 AM Federal Stimulus Mental Health
Treatment Addiction Treatment
Payroll Is Worth It For You? Yes, there is a lot
of work involved in getting your application in
and securing the emergency stimulus funding for
yourself. But you must decide if the end goal is
worth it. More than likely, it is. Keep educating
yourself and asking questions.
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