Author Archives: Cindy Hovig

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

In 2020 and 2021, many small businesses took advantage of the Paycheck Protection Program (PPP) authorized by the CARES Act.  Some of our clients received PPP funding. However, many businesses ran into problems with the application process.   PPP loan funding has since closed. Many businesses are still in need of assistance. Perhaps you have asked: […]

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 […]

What is the Paycheck Protection Program?

Heart hands 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?

Hands Economic Injury Disaster Loan

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).   Update: This article does not contain the most […]

Working from home: Which apps should you use?

bike tools working from home

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?

computer 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 small business owners.  There are many technologies available that can enable you and your team to work successfully from home. But where should […]