BKD LLP  

Springfield,  MO 
United States
http://bkd.com
  • Booth: 303


BKD National Health Care Group can help your home care or hospice agency improve financial health, operate more efficiently, improve clinical outcomes, comply with government regulations and overcome strategic challenges.

BKD is a national CPA and advisory firm that can help you reach your goals. Our expertise goes well beyond the standard accounting services to include risk management, technology, wealth management and forensic and valuation services. Our clients represent a wide range of industries, and we’re even part of an alliance of firms that gives us a global reach. BKD provides financial statement audit, tax, accounting outsourcing, cost-report preparation, operations consulting, third-party billing, and compliance consulting to approximately 300 home care & hospice clients nationwide.


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  • NATIONAL OFFICE - The recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) authorized the Paycheck Protection Program (PPP), which generated significant interest from small business owners. PPP loans are attractive to borrowers as the loan principal is forgivable under certain criteria; however, the first round of SBA funding drew widespread criticism. Because of the program’s quick rollout, ambiguous language and changing criteria, government scrutiny and oversight have increased. Many borrowers are struggling to use loan proceeds for allowable costs, accurately document fund use and make business decisions, such as hiring staff or offering supplemental payrolls, to enhance the forgiveness of the loan in an environment of uncertainty and rapidly changing guidance.

    BKD is offering a consultative service to assist you in navigating this challenging landscape. PPP strategic consults can provide guidance for management in decision making regarding, but not limited to: 

    • Assisting management with recording the PPP loan in accounting records 
    • Assisting management with the lender’s forgiveness determination 
    • Assisting management in estimating the potential forgiveness amount 
    • Evaluating for reasonableness your calculation of full-time equivalent (FTE) headcount reduction 
    • Evaluating for reasonableness your calculation of the salary reduction by employee and the $100K salary limitation 
    • Evaluating nonpayroll costs and timing of payment to help identify potential increased benefit 
    • Considering options to meet the 60 percent payroll cost threshold and eliminate FTE headcount or salary reductions, if applicable 
    • Using BKD’s forgiveness calculator to assist management with cash flow scenario consultations during the covered period, including analysis on alternative payroll covered period

    Alternatively, our PPP loan forgiveness calculator is available for purchase if you are simply looking for a template to assist in performing your calculations.  Contact Mark Sharp at msharp@bkd.com for more information on BKD's PPP resources for home care and hospice providers.


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