Category Archives: Help

Forecast for Success

compass forecast for success

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?  […]

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 […]

Creating a Budget 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 your PPP Loan

darts Setting up your PPP loan

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 […]

What is the Employee Retention Credit?

umbrella 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?

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 […]