Do you ever feel like holding onto cash in your business is like trying to hold sand in your hands? If so, you are far from alone. Cash is a big concern for many people. The good news is there are steps you can take right now to take control of your cash. Focus on […]
You want to better understand where your business is heading with regard to cash, but you do not know where to start. While getting started with managing your cash flow can seem daunting, don’t let that deter you. Starting down this path will help you know whether you can purchase new equipment, hire a new […]
You work hard and your business is stable and growing, but in these uncertain times, it feels like no business is safe. Forecasting helps alleviate anxieties about the future security of your business. Our founder, Cindy Hovig, recently gave an interview on forecasting and how small business owners can benefit. Understanding Forecasting Jess: What exactly is forecasting? […]
You worry sometimes about whether you have enough cash in the bank to cover an upcoming expense. You know you can cover this week or this month, but you want to know if your cash balance in the future will become an issue. At what point will you run out of cash? These concerns are […]
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 […]
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 […]
Congratulations, you got a Paycheck Protection Program (PPP) loan! As you have probably heard, 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 did receive funding. Now that you have received your funding, what is the […]
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 […]
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 […]
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 […]
