1-800Accountant Blog

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PPP Round 2: What Small Businesses Need to Know

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 […]

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Legal Documents Every Small Business Needs During the Pandemic

If you own or manage a small business, then 2020 has likely served as a master class in responding to adversity, figuring out how best to protect your employees, and making plans for an uncertain future. Perhaps you have secured federal relief funds or adjusted your business model. Still, you’ll also want to consider the […]

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5 Things to Do If Your Business Is Closed by Coronavirus

As the Coronavirus continues to affect employees, business owners make tough decisions. Some business owners have reduced the number of employees, while other business owners have furloughed their staff. Sometimes, depending on the industry, neither reducing nor furloughing employees result in business profits. Closing a business is the direst of scenarios that a business owner […]

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What’s in the New $484 Billion Coronavirus Bill?

Recently, the House of Representatives passed a $484 billion bill to mitigate economic losses from the COVID-19 pandemic. The funding will provide relief in the form of economic stimulus for hospitals and small businesses. It’s also expected that Congress will pass bills to stimulate the economy in the coming weeks and months. Further updates about […]

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Disaster Relief Options for Sole Proprietors With No Employees

The economic impacts of the COVID-19 pandemic continue to affect small businesses across the country. While the CARES Act helped revitalize local economies in nearly every state, there is an overwhelming demand for even more grants and loans for small business owners.  Loans such as the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection […]

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CARES Act: What are the 2020 Recovery Rebates?

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 […]