Author Archives: Cindy Hovig

Which accounting software should I use?

You know you need accurate and up to date information to successfully run your business.  You want to use accounting software that will work for you.  Which accounting software should you use?  No matter which accounting software solution you choose, you need to determine your bookkeeping needs and make sure that the solution will satisfy […]

What is the Paycheck Protection Program Flexibility Act?

meadow Paycheck Protection Program

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA).  This law brings changes to the Paycheck Protection Program (PPP) that PPP loan borrowers should be aware of. PPPFA changes the amount of funds to be spent on payroll to 60% The PPFA reduces the amount of the loan […]

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

Question Mark What can I do if I have not received PPP funding

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.  Some of our clients applied for a PPP loan and have already received funding. However, many ran into problems with the application process.  Perhaps you have asked: “What can I […]

Paycheck Protection Program: New Guidance for Self-Employed Businesses

bandaid pig 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. One significant change is new guidance for self-employed businesses. If you are an independent contractor and sole proprietor, what should […]

What is the Federal Payroll Tax Deferment?

payday 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 CARES Act, employers can seek deferment of certain federal payroll […]