If you own a medspa or aesthetic medical practice, you may be wondering if you’re eligible for the Employee Recovery Credit (ERC). The ERC is a refundable tax credit that benefits businesses that kept employees on the payroll during the COVID-19 pandemic. Learn more: ‘What to Know About the Employee Retention Credit’ – The Hartford Continue Reading…
The State of the Medical Aesthetics Industry – 2021
At the Aesthetic Next 3.0 conference in Dallas, Texas in September, Francis Acunzo delivered his State of the Industry address. During his talk, Francis shared his future predictions for the industry. For those that were not at the conference, we’ve recorded a recap of the big topics we foresee changing the medspa industry in the Continue Reading…
Acara Partners to Adopt “Library Model” Style of Working
With the number of vaccinated Americans passing 65%, we have all been enjoying the benefits as the world around us begins to reopen. One benefit that Francis Acunzo, CEO of Acara Partners, is looking forward to is welcoming his staff back to the office through what he has dubbed “The Library Model.” “It has been Continue Reading…
Guest Blog: Dr. Anil Rajani Addresses Concerns About the Adverse Reactions from Moderna’s COVID-19 Vaccine in Those with Facial Fillers
Based out of Portland, Oregon, Dr. Anil Rajani, MD, is the founder of Style Aesthetics. As a master trainer and lecturer with 15 years of experience training medical aesthetic providers, Dr. Rajani provides training for brands such as Allergan, Galderma, Merz, Suneva Medical, NovaThreads and Cosmofrance. Known as an expert on minimally invasive treatments, he Continue Reading…
Update on PPP Loans — Jan 14th, 2021
The following is a Client Alert from Acara Partners’ attorneys, Brenner, Saltzman & Wallman LLP, summarizing certain important provisions in some recent rules published by the SBA as well as the updated loan application for First Draw Loans and the new loan application for Second Draw Loans. We are grateful for their continuous effort to Continue Reading…
Guest Blog: Allyson Avila on COVID-19 Vaccines — What Employers Need to Know
Acara Partners is eager to share another guest blog from attorney Allyson Avila, a partner at Gordon Rees Scully Mansukhani, LLP. As one of the country’s leading attorneys in the aesthetic medical industry, Avila has written the following to advise employers on how to ensure their practices remain safe and healthy while also respecting employee Continue Reading…
PPP 2.0 — Important Changes to the Payment Protection Program
As you are probably aware, a new federal stimulus package became effective earlier this week that made important changes to the Paycheck Protection Program (PPP). The changes impact existing PPP loans and also authorize a new round of PPP loans for new borrowers and those who already received a PPP loan. The following is an Continue Reading…
Update on PPP Loan Forgiveness and Income Taxes
Acara Partners’ attorneys, Brenner, Saltzman & Wallman LLP, have played an integral role in ensuring our clients stay abreast of updates to the government’s Paycheck Protection Program (PPP). They have provided us with the following statement regarding PPP loan forgiveness and its impact on borrowers’ income taxes. — In April 30, 2020, the Internal Revenue Continue Reading…
Sale of Business, Equity Transfer or Merger and the PPP
We’ve received another update from our attorneys, Brenner, Saltzman & Wallman LLP (BSW), regarding the Paycheck Protection Program. They have pulled together the following synopsis on how the sale of business, equity transfer or merger could impact your loan. On October 2, 2020, the U.S. Small Business Administration (SBA) published an SBA Procedural Notice (the Continue Reading…