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 […]
Category Archives: Help
15
Apr
Apr
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 […]
14
Apr
Apr
Cash is tight for many small businesses right now as non-essential activities are being restricted. Of course, health and safety are paramount during these difficult times. But, no doubt, the health of your business is also on your mind. Finding ways to save cash can help you to weather this storm. But what are some […]
03
Apr
Apr
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 […]
03
Apr
Apr
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 […]
04
Feb
Feb
The beginning of the year is a busy time for business owners. It’s also the most stressful. Most business owners want to ensure they have accurate records 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 […]
05
Nov
Nov
Each year we prepare hundreds of 1099s for our clients. As we’ve discussed in previous blog posts, the IRS requires businesses to file 1099s each year for specific vendors and payments. Often, our clients are very surprised when we prepare their 1099s for the first time. Generally, we will ask about payments to vendors that […]
29
Oct
Oct
It’s time to begin thinking about year-end! Can you believe it? What do you see as your greatest accomplishment this past year? With the year-end approaching, we often get asked several questions on how to get ready. We thought this year we would provide a short Q&A list to help prepare for Year-End. Why do […]
16
Jul
Jul
A common question from our clients is how to determine if a worker should be considered an employee or a contractor. Typically, this issue comes up in the process of setting up a new business. Let’s explore some differences between employees and contractors to help you classify your workers properly. Why it matters Employees can […]
Challenge Accepted, General Business, Help
Challenge Accepted: Where to Find Good Advice For Your Business [Part Six]
08
May
May
This is the sixth part of our Challenge Accepted series. Today we are talking about how to find good advice for your business. It can seem simple these days to get a plethora of advice. All you have to do is type your question into Google and it pulls up tons of advice! Challenge There […]