On Sunday, December 27, 2020, President Trump signed the Coronavirus Response and Relief Supplemental Appropriations Act. We’ve highlighted what we believe are the most important items here.
Business Tax Strategies to Keep in Mind for COVID-19 Relief
An Update on PPP Loan Forgiveness as of 10/22/2020
As the landscape surrounding PPP loan forgiveness continues to develop, it’s important to remain updated on how the approved changes and pending legislation can affect you as a recipient of PPP funds. Our last update covered what loan recipients should do while lenders and the SBA waited to process forgiveness applications. Additional guidance has now been issued, prompting many lenders to move forward with processing applications and passing them along to the SBA for review….
PPP Loan Forgiveness Update as of 9/29/2020
While the Paycheck Protection Program (PPP) has provided much-needed funds to over 5 million organizations, the loan forgiveness portion of the program is still plagued by a general lack of information. The Small Business Administration (SBA) and the Treasury Department have yet to provide lending institutions with proper guidance to successfully process forgiveness applications so that businesses can adequately plan for the future…
Identifying Critical Processes for Business Continuity
Business Continuity is quickly becoming a more common facet of business management as organizations become more interconnected and the threat of disasters increase. Weather-related disasters are becoming more and more common, while the COVID-19 global pandemic continues to loom over the economy, disrupting supply chains and stretching reserve funds to the brink…
The Basics of Business Continuity
In the time of Covid-19 and the resulting economic downturn, it’s more important than ever to engage with Business Continuity and develop a comprehensive plan that accurately reflects the challenges your business could face. The ultimate goal of Business Continuity is to enable an organization to resume normal operations as quickly as possible following a disaster…
4 Accounting Tips for Real Estate Agents
Successfully managing bookkeeping and accounting as a real estate agent is a crucial part of keeping your business profitable. Whether you’re an independent contractor as part of a large brokerage or an independent, streamlining your monthly workflow is important so that you can manage your time, track large payments and expenses, and prepare to meet your tax obligations…
New PPP Loan Forgiveness Application as of June 17, 2020
Changes to PPP Loan Forgiveness Requirements
On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020. The Act was the result of roadblocks faced by borrowers as they attempted to comply with the requirements of the program while also navigating a new, challenging business environment and the reality of the “new normal”….