assessing productivity

Assessing productivity as you cope with pandemic

The COVID-19 crisis is affecting not only the way many businesses operate, but also how they are assessing productivity. How can you tell whether you’re getting enough done when so much has changed? There’s no easy, one-size-fits-all answer,…
PPP loan forgiveness update

Our PPP Loan Forgiveness Update Overview

In April, The Small Business Association (SBA) issued the Paycheck Protection Program (PPP) to help companies that were affected by the COVID-19 pandemic. The PPP gave loans to small companies with less than 500 employees to help pay for their…
2019 business tax return

Haven’t filed your 2019 business tax return yet?

The extended 2019 business tax return deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on or after April 1, 2020, and before July 15. Retroactive COVID-19…
required to return economic impact payments

Required to Return Economic Impact Payments?

The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals in response to the economic threats caused by…
SBA reopens EIDL

SBA reopens EIDL program to small businesses/nonprofits

Just last week, the Small Business Administration (SBA) announced that it has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program to eligible applicants still struggling with the economic impact of the COVID-19 pandemic.…
coronavirus-related distribution

“Coronavirus-Related Distribution”

As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify?…
a changed economy

Re-evaluate your competitiveness in a changed economy

Just about every business owner’s strategic plans for 2020 look far different now than they did heading into the year. The COVID-19 pandemic has created a changed economy in profound ways, forcing many companies to recalibrate suddenly and…
PPP Flexibility Act

PPP Flexibility Act eases rules for borrowers

As you may recall, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) back in April to help companies reeling from the economic impact of the COVID-19 pandemic. Created under a provision of the Coronavirus…
succession planning

Succession Plan - Does Your Company Have One?

For business owners, building a succession plan is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially hand over the reins…