Running a business involves a lot of accounting. It’s an essential part of business operations. You do it every day, even if you’re not aware of it. Every time you record a transaction, prepare tax paperwork, or plan an expense, accounting is involved. You have to do some degree of accounting to run a business, […]
Congress approved another round of coronavirus relief, meaning additional Paycheck Protection Program funding and updates regarding covered uses of PPP funds. Learn more about how this could affect your business. Additional $284 Billion for PPP Applicants After months of discussion and negotiation, Congress recently approved a $900 billion COVID-19 relief package under the Consolidated Appropriations […]
There are few more significant steps in a small business’s early life than when you hire your first employee. It’s essential if you ever want to grow your business, but it represents a big change in how things operate. When you first start a business, there are so many moving parts and variables, but you […]
Starting a small business can provide you with a wealth of opportunities. Even though accounting and bookkeeping may seem similar, there are notable differences between the two. Here is how accounting and bookkeeping can help you as you start your small business. Why Is Accounting Important for Small Businesses? Accounting is essential for small businesses […]
Creating a small business can be a long and drawn-out process. You spend so long doing research and brainstorming in preparation that it may not seem real when your company starts to take shape. The next step after putting in the research and coming up with a plan is to establish your business officially. You […]
When Congress passed the CARES Act (Coronavirus Relief, Aid, and Economic Security), it signaled a landmark piece of legislation that provides over $2 trillion in aid in response to COVID-19. The CARES Act allows businesses and individuals to receive stimulus in the forms of tax incentives, credits, deductions, and recovery rebates. What is a Recovery Rebate? Recovery […]
Small businesses across the United States are facing almost unprecedented challenges right now. The ongoing crisis around COVID-19 and the public health response required to combat it has radically changed the economic situation for many companies. Many businesses have been forced to lay off employees or even close – at least temporarily – in the […]
As the government continues to disperse the funding within the over $2 trillion bill, citizens and employees affected by the COVID-19 pandemic, nonprofits, small businesses, and their employees will reap the benefit. The CARES Act contains a section specifically designated for small business grants and loans. These grants and loans are designed to stimulate the economy […]
Passed nearly two weeks ago, the CARES Act will provide many employees, individuals, and small business owners economic relief. Most of the money in the $2.2 trillion bill is projected to fund hospitals’ nationwide efforts to mitigate COVID-19 pandemic. However, $350 billion of the CARES Act was allocated specifically for small business owners. This will […]
The novel coronavirus pandemic has changed everything. Conditions are changing daily, and business owners don’t know if they’ll have customers or if they’ll even be allowed to operate from one week to the next. In this time of uncertainty, many businesses are at risk of having to fold or let employees go. It’s nearly impossible […]
