During great times of stress, it is easy to feel like the carpet has been pulled out from under you. We wanted to offer encouragement to anyone in a hard place during this pandemic. Persevering through COVID-19 will make us stronger as people! Truthfully, we're all in a hard place, just in different ways. [...]
Coronavirus related closures have and will continue to affect small businesses and sole proprietorships. With paycheck protection loans, businesses can receive a loan to help them stay open during this time. Keep reading to learn more about how to apply. When can you apply for Paycheck Protection Loans? Small businesses and proprietorships can begin [...]
As a part of Congress' CARES Act, individuals can receive a recovery rebate of up to $1,200 per individual or $2,400 per married couple. An additional $500 payment will be sent to taxpayers for each qualifying child dependent under age 17. Keep reading to learn more about the rules regarding individual stimulus checks. Who [...]
In the wake of COVID-19, Congress enacted The Family First Coronavirus Response Act, a new way to assist businesses who need to offer paid leave time to employees affected by the Coronavirus. This help comes in the form of payroll tax credits. This paid leave can be used for individuals personally affected by COVID-19, [...]
During this trying time for businesses, the IRS is making its best attempts to alleviate business owners' financial stress. The IRS People First Initiative includes postponing certain payments, pausing pursuit of delinquent accounts, and more. Keep reading to find out more about how the IRS is helping businesses during this time. IRS People First Initiative [...]
If you have been worried about how your business can survive COVID-19, this episode is full of ideas. Here are the episode's show notes where you can find everything we discussed in the episode! Blog post: Our blog post about how your business can navigate financial hardship; this article also includes a free downloadable hardship [...]
The Small Business Association (SBA) is now offering low-interest disaster loans of up to 2 million dollars to small businesses that have been affected by the Coronavirus (COVID-19). How to apply for disaster relief loan According to the SBA website, Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans [...]
Every business owner will experience financial hardship at one point or another. Financial hardship in your business can happen for many reasons, some out of your control, and some in your control. Cashflow is usually the first problem that comes up in financial hardship, so we wanted to offer advice for anyone who might [...]
Every industry experiences a "slow season." While there may not be a ton of new clients or inquiries, there is a lot you can be doing behind the scenes to improve your business. Whether it be cleaning or reevaluating your processes, there are so many ways to make the best of a slow season. [...]
Does talking about money, finances, and accounting make you cringe? These subjects can absolutely be hard to navigate, especially as a brand new business. There are many reasons to set up your accounting early. The fear factor surrounding it is at the top of the list. Many business owners let the fear of the [...]
