Tax season can be stressful for everyone, but it’s especially challenging for business owners right now. If you run a small business, you’re probably already struggling to balance multiple priorities. Worrying about your business, working from home – especially if you have children – keeping in touch with family and friends, and staying up to […]
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 […]
As fun as it sounds to work from home, it’s not easy. Getting work done in the same place you sleep, eat, and relax with loved ones is not a simple task. It’s even more difficult when you’re suddenly forced to change your routine, and you’re dealing with the stress of a pandemic. No matter […]
If you own a small business or you’re otherwise self-employed, you have to take responsibility for yourself in many different ways. No one else is going to withhold taxes from your salary, so you have to make estimated tax payments for yourself. No company is going to put you on their group health insurance plan, […]
In just a short time, the novel coronavirus pandemic forced people and businesses everywhere to make unprecedented decisions. With lockdowns and social distancing, many people can’t work, and many businesses found themselves cut off from their sources of income. Suddenly, small business owners started needing to make difficult choices about how to plan for the […]
With the coronavirus still raging through the United States, the SBA continues to accept loan applications from small businesses affected by the pandemic. Not only did the government provide additional funding to disaster loans such as the PPP and EIDLs, but there’s also still funding for the Express Bridge Loan (EBL) Pilot Program, designed to provide immediate […]
Ever since the SBA started taking loan applications due to the coronavirus pandemic, many small business owners focused solely on submitting their applications, which is entirely understandable. However, now that loan applications are being approved and money distributed to businesses across the country, another important question should be popping into your mind: how can I […]
Within the CARES Act is the Paycheck Protection Program (PPP) Loan, a $350 billion allocation of money to support small businesses. As of April 16th, 2020, the original funding for the PPP ran out. But as of the end of last week – April 23rd, 2020 – both the Senate and the House voted in […]
For those working from home for the first time, it’s definitely an adjustment compared to the office culture you’ve come to know. Thanks to COVID-19, Zoom calls have replaced in-person meetings and it’s no longer possible to grab a quick bite to eat with a co-workers. However, just because you can’t see your team face-to-face […]
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 […]