small business

CARES Act, Division A – Small Business Assistance – Keeping Workers Paid and Employed Act

Small business employers have been impacted especially hard by the unprecedented fallout of the COVID-19 pandemic as many businesses have been forced to temporarily close, change their service delivery methods, and incur additional expenses or reduced revenues. As these entities now grapple with the reality of dealing with these new economic conditions, congress provided relief [...]

2020-03-28T14:02:01-04:00March 26th, 2020|COVID-19, SMALL BUSINESS|

Stabilizing Your Business: Improvise, Adapt, Overcome.

With constant changes brought on by the pandemic of COVID-19, your business may be presented with cash flow challenges and opportunities you may have never faced before. To respond to these changes, look no further than a motto with which you are familiar: Improvise, Adapt, Overcome. The slogan used by the United States Marine Corps [...]

2020-03-25T13:58:55-04:00March 24th, 2020|Business, COVID-19, DISASTER RECOVERY|

SBA To Provide Economic Injury Disaster Loans for COVID-19 Related Economic Disruptions

The U.S. Small Business Administration (SBA) is offering all U.S. states and territories low-interest federal disaster relief loans for working capital to small businesses that are suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon request from the governor of a state or territory, the SBA will issue an Economic Injury Disaster [...]

2020-03-25T11:55:20-04:00March 24th, 2020|COVID-19, SMALL BUSINESS|

The Federal Reserve Takes More Aggressive Actions

The Federal Reserve has announced its most aggressive intervention to date, which includes an unlimited commitment to buy Treasury bonds, purchase corporate and municipal debt, and the establishment of a new loan program for small and medium-sized businesses. This is a historic effort to defend the U.S. economy from disruptions related to the coronavirus. The [...]

2020-03-25T21:12:42-04:00March 24th, 2020|COVID-19, SMALL BUSINESS|

Coronavirus Economic Response Package – Phase Two

On March 18, phase two of the Coronavirus Economic Response package was signed into law. The Families First Coronavirus Response Act (HR 6201) extends paid sick leave to employees all over the country affected by the pandemic (“COVID-19”). The paid leave is paid for by the federal government and funneled to the employees through the [...]

Spring Cleaning Now Improves Business Performance All Year

When the first flowers poke out their heads, small business owners begin the entrepreneur’s version of a spring-cleaning ritual in preparation for filing tax returns. But a springtime cleanup of bookkeeping and accounting is also a great reminder of what you can do to be more proactive year-round, allowing you to achieve better results as [...]

2020-03-10T17:33:43-04:00March 10th, 2020|CLIENT ACCOUNTING SERVICES|

5 Reasons Business Owners Prefer Outsourced Accounting

“If you want something done right, do it yourself.” That old adage may still hold in certain situations, but it’s probably not a wise policy when you’re running a growing business. In fact, one of the most effective ways to help your small to mid-sized business (SMB) is to recognize when not to do everything [...]

2020-02-25T16:36:12-05:00February 25th, 2020|CLIENT ACCOUNTING SERVICES|

Health Insurance Options for Small Businesses and Their Tax Implications

As health insurance plays a bigger role in our political discourse, it becomes even more of a concern for small businesses. Already, more businesses are required to offer health insurance than in years past, and more individuals are demanding health coverage as a condition of their employment. When you consider the effects on employee retention, [...]

2019-03-04T11:19:30-05:00February 27th, 2019|BUSINESS TAX, SMALL BUSINESS|

Tax Reform Expands Availability of Small Business Tax Breaks

2017’s Tax Cuts and Jobs Act (TCJA) was filled with headline-grabbing changes like lower tax rates for corporations and individuals, a 20% deduction for qualified income from pass-throughs, and the elimination of the corporate alternative minimum tax (AMT). But the TCJA also included some fairly generous gifts in the form of expanded availability of existing [...]

2018-11-12T15:42:19-05:00October 23rd, 2018|SMALL BUSINESS, TAX REFORM: BUSINESS TAX|

Retirement Strategies for Small Business Owners

At some point during our careers, we all start to ask the same question — what is the motivation behind all the work? For most, the answer involves one major goal: saving enough for a secure retirement. The Retirement Enhancement and Savings Act (RESA), currently under consideration by Congress, offers individuals and business owners more [...]

2019-05-01T12:34:28-04:00August 21st, 2018|BUSINESS TAX, INDIVIDUAL PLANNING, SMALL BUSINESS|