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The Beyond Balanced Books Blog

Zoom Meeting Etiquette

It’s a whole new world, for all of us in many ways. One big change for many is the shift from working at the office to working at home. Meetings normally held in person are now being held virtually with video conferencing tools such as Zoom. If you are new to this meeting format, what […]

Budgeting During A Crisis

During these challenging times, why even try to tackle a budget? It may sound strange but having a budget contributes to your peace of mind. With so many unknowns, creating a budget can help you feel more grounded and aware of what your financial situation actually is. Essentially when you create a budget you are […]

Success with PPP: Setting up the Loan

Congratulations, you got a Paycheck Protection Program (PPP) loan! As you have probably heard from others, and may have even seen in our earlier blogs about PPP, not all small businesses have had success applying for or getting approval for this type of economic relief. So take a moment to enjoy the fact that you […]

What is the Employee Retention Credit?

In a previous blog, we outlined a provision from the IRS to offer employers Payroll Tax Deferments as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). Another recent provision made available through the IRS is the Employee Retention Credit. Here we will discuss the particulars on this type of relief. What […]

What can I do if I have not received PPP funding?

Updated 4/27/2020 We have been talking with many of our clients regarding the Paycheck Protection Program (PPP) authorized by the CARES Act these past couple of weeks. There have been mixed results. Some of our clients applied for a PPP loan and have already received funding. However, many ran into problems with the application process. […]

Paycheck Protection Program: New Guidance for Self-Employed Businesses

In a previous post, we provided an overview of the Paycheck Protection Program (PPP), one of the loan provisions under the CARES Act. There has been an abundance of new information released about this program, including additional guidance for independent contractors and sole proprietors. If you are self-employed, what should you know? Do Schedule C […]

What is the Federal Payroll Tax Deferment?

Many small businesses are applying for economic assistance through either EIDL or PPP loan programs. However, it seems that getting approval for these programs is taking longer than anticipated. What are some other ways that small business owners can get more immediate relief? As part of the Coronavirus, Aid, Relief and Economic Security Act (CARES […]

Saving Cash During a Crisis

Cash is tight for many small businesses right now as non-essential activities are being restricted. Of course, health and safety are paramount during these difficult times. But, no doubt, the health of your business is also on your mind. Finding ways to save cash can help you to weather this storm. But what are some […]

What is the Paycheck Protection Program?

You no doubt have heard about the Coronavirus Aid, Relief, and Economic Security (CARES) Act that allocated $349 billion to help small businesses keep workers employed amid the pandemic and economic downturn. One of the features of the CARES Act is the Paycheck Protection Program. What is it? The Paycheck Protection Program is a loan […]

What is the Economic Injury Disaster Loan & Advance?

[Updated May 20, 2020] You no doubt have heard about the Coronavirus Aid, Relief, and Economic Security (CARES) Act that allocated $349 billion to help small businesses keep workers employed amid the pandemic and economic downturn. One of the features of the CARES Act is the Economic Injury Disaster Loans (EIDL). What is it? The […]

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