Author Archives: Cindy Hovig

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 […]

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 […]

Working from home: What technologies should you consider?

In our previous blog, we discussed how transitioning your team to working from home can be a challenge. Be sure to check out the suggestions on how to get started.  So let’s say that you have drafted your list of priorities and have identified your team’s MOST pressing need for working remotely. Is your greatest […]

Working from home: Where should you start?

In light of the current COVID-19 situation, many small business owners and their teams’ are working from home, some for the first time. We know that this change can be very challenging for the small business owner.   There are many technologies available that can enable you as the business owner and your team to work […]

Moving Beyond – What our rebrand means for you

If you’ve seen our new home page you’ll have encountered a question we ask all our clients to get to the core of how we can help them.  Are you telling yourself a story about your business, and is it true? A company’s brand tells a story too. Last year we realized that the story […]

Prepare for Year End: Finalizing Your Records

The beginning of the year is a busy time for business owners.  It’s also the most stressful. Most business owners want to ensure their records are accurate before they provide them to their tax professional. But where to start?  We’ve provided a handy checklist to help you. This checklist should give you a basic outline […]

In-House Bookkeeper or Bookkeeping Service – Which Should I Hire?

Since we are in the business of providing bookkeeping services, a common question we receive is “Should I hire an in-house bookkeeper or outsource to a bookkeeping service?”  There is no one-size-fits-all answer to this question because there are many variables. We have put together some areas to consider when you need to make this […]