Critical metrics will tell the story of the health of your business. But these metrics are not often the first priority for businesses. Entrepreneurs are known for their vision. They’re the idea people. The big picture thinkers. Some are also gifted with business acumen and have the strategies for promoting their business and bringing in […] Read more “5 Critical Metrics to Determine Financial Health”
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Accounting is often seen as mundane and painful. However, in today’s world, apps provide the efficiency needed to maximize financial intelligence. Instead of a bunch of paper and spreadsheets, modern accounting provides dashboards and reports to help your business grow. With a solid financial intelligence, your business: Better handles times of adversity and uncertainty Makes […] Read more “7 Apps to Maximize Financial Intelligence”
During times of uncertainty, the worst thing a business can do is sit back and wait. Learn how to stay proactive and make financial decisions even while facing an unknown future. Read more “How to Plan During Times of Uncertainty”
As we are nearing Q2 – May 31, 2020, historically 2nd quarter estimated tax payments would be due June 15, but given the CARES Act and the IRS changing the Federal Q1 and Q2 estimates due date to July 15, some States have NOT followed the same timing. As of May 19, 2020, below is […] Read more “Quarterly State Estimated Tax Payments”
The coronavirus is wreaking havoc on the United States economy. In just 4 weeks, over 22 million people have filed for unemployment. This week, millions more are expected to file as well. The good news is that the federal and state governments have stepped in to help. The government imposed stay-at-home orders and it is not the […] Read more “How and Where People File for Unemployment in Illinois, California, New York, Wisconsin, Indiana, and Ohio”
The Paycheck Protection Loan is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. These worksheets will help you determine the amount of the loan that will be forgiveness. Paycheck Protection Loan/Forgiveness Calculator Worksheets UPDATED: June 5, 2020 24-week PPP Loan Forgiveness Tracking Calculator, (XLS) 8-week PPP Loan Forgiveness […] Read more “CARES Act: Resources and Tools”
Credit cards are an integral part of American life. Some consumers use credit cards for every purchase. In fact, the average American now has 4 credit cards. Due to its individual popularity, credit card ownership extends to businesses as well. Two out of every three small businesses have an active credit card. These businesses account for roughly […] Read more “Startups -What Are the Pros and Cons for the Chase Ink Business Preferred Credit Card vs. Brex Credit Card”
Transcript Hi everyone, I just wanted to create a quick video for independent contractors and self-employed relating to the Paycheck Protection Loan Program. Loan Assistance for Independent Contractors and Self-Employed opens Friday, April 10 Starting this Friday, April 10th, if you are an independent contractor or self-employed you can also apply for this loan program. […] Read more “Self-employed? How to Prepare your PPP Loan Application”
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”
Federal Income Tax Due Dates The federal due date to file and make payments on taxes due for the calendar year ended December 31, 2019, has been extended to July 15, 2020, from the original due date of April 15, 2020. This extension to July 15, 2020 is automatic which means you DO NOT need […] Read more “Tax Due Date Changes”
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?”