Information about the Economic Impact Payment, also known as stimulus payments, are automatic for most taxpayers. Here’s what you need to know: Economic Impact Payments to Tax-payers $1,200, one-time direct payments to adults, filing single, making up to $75,000. Married couples who make up to $150,000 will receive $2,400, plus $500 for each child. Individuals […] Read more “Coronavirus Tax Relief: CARES Act Stimulus Check”

Loan Options for Small Businesses Make sure to check out our list lending options available to start-ups and small businesses. Paycheck Protection Loan Bank Portals Chase Bank of America Mid Penn Bank – FDIC insured and they have the application ready to complete! UPDATE 4/1/20: We are learning that this application is more of a […] Read more “CARES Act: Paycheck Protection Loan Timeline”

The balance sheet came into being all the way back in the 15th century when Italian monk Luca Pacioli gave the standard accounting system an overhaul.  Now, balance sheets are an accepted and required financial statement.  If you are a business owner or founder it is essential that you understand and know how to read a balance sheet. Balance […] Read more “For Business Owners Only: What Does Your Balance Sheet Tell You?”

Coronavirus Relief Bill: The CARES Act About the SBA 7(a) Paycheck Protection Loan Program The Paycheck Protection Loan is to be used for expenses (detailed below) for the period February 15 – June 30, 2020. This is a first-come-first-serve program. There are over 30 Million small businesses in need of funds. Not everyone will receive […] Read more “CARES Act, Paycheck Protection Loan Summary and Common Questions”

What can you do right now as a small businesses owner? Important tips and actions to prepare your business. The Small Business Loan Fund is not unlimited. The demand for funds will exceed the supply so act now. ASAP – Contact your current lender to determine if they are an SBA-approved lender and can provide […] Read more “What should small businesses do right now to secure their company and staff?”

The emerging Software as a Service (SaaS) industry is quickly gaining ground within the greater cloud services market. To date, it generates more than $46 billion annually, and that number is expected to grow to $70 billion by the end of 2020. If you’re a SaaS business leader dependent on customer contracts, you know how important revenue […] Read more “SAAS Companies Looking to Recognize Revenue Properly? A Product Review of Chargebee.com”

Tax season is here and that means you want to make sure that your business is meeting its tax obligations.  One of the most important parts of the tax obligations is the business tax due dates. You want to make sure that you are on top of these tax deadlines so that your business does not […] Read more “Business Tax Due Dates Coming up for Startups and Companies- Presented by FounderTax.com”

The headache of sorting through receipts, having your boss hound you for every penny you spent on the road and dealing with frustrating tax laws is something all of us can relate to. These days, there is an app for anything. Expensify is the app that can solve these problems for your business! In this […] Read more “How to Use Expensify to Make Tracking Your Expenses a Breeze”

Are you starting a small business and unsure of how to handle your bookkeeping and accounting records? This is definitely a common challenge for many small business owners yet it is a vital aspect of running a business. One question you might have about this subject is whether you should use the cash basis vs […] Read more “Cash Basis vs Accrual Basis Accounting: What’s the Difference?”