Posts Tagged ‘Business’
Jennifer Eubanks Contribution to Forbes Expert Panel: 15 Expert Tips To Help Small-Business Owners Better Manage Financial Risk
Jennifer Eubanks recently contributed to a council post, 15 Expert Tips To Help Small-Business Owners Better Manage Financial Risk Healthy finances are the key to a business’ success. But challenges arise every day, both expected and unexpected—including impending tax deadlines, overhead costs, remediating damage from a natural disaster, rising interest or inflation rates and, unfortunately, many…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 16 Essential Elements Business Leaders Should Include In Every Financial Disaster Plan
Jennifer Eubanks recently contributed to a council post, 16 Essential Elements Business Leaders Should Include In Every Financial Disaster Plan The Covid-19 pandemic opened many business owners’ eyes to the financial challenges that can hit them during a national or global crisis. If they didn’t already know, leaders are now very aware of the need…
Read MoreTop 7 reasons companies Outsource Accounting and Back-office functions
By Jennifer Eubanks 1. Competent financial management, reporting, and guidance. Businesses need to have competent financial management, reporting, and guidance so the management team can focus on operations. 2. Businesses need the right people. Some 70 percent of KPMG survey respondents said they are outsourcing accounting to get access to better talent. This helps clients focus on their business instead…
Read More5 Steps to Setting Up a US Company for Non-US Resident
As a foreign business looking to establish an international footprint, there are numerous advantages if you start a business in the United States. Taxes tend to be lower than in many parts of the world, access to selling into the U.S. market is easier when a business is established within the country, and the legal…
Read MoreSBA Issues New Interim Rule – Temporary Changes Impacting Self-Employed and Partnership Access to PPP Loans
We’ve received many questions from individuals with self-employment income filing on Form 1040 with a Schedule C. The repeated question is whether these individuals are eligible for a PPP loan, and if so, how to determine the maximum loan amount. The new interim rule answers this question. If you have no employees, the following methodology…
Read MoreBREAKING UPDATE – Paycheck Protection Act: Where to find a loan, and how much am I eligible to receive?
We’ve spoken with so many of you, and understand there are many, many questions small business owners have surrounding the Payroll Protection Act, how it works, what banks are participating and how to apply for the funds. A few comments to the most frequently asked questions are below. How do I calculate Average Payroll Costs…
Read MoreWhat’s the Status of Your Economic Injury Disaster Relief Loan (EIDL)?
This message was shared by a colleague after calling the SBA yesterday, 4/3/2020, to inquire about her EIDL status: EIDL applications (Application # starts with a 2) that are IN REVIEW are frozen in review. If you applied for this prior to 3/31, you received an email confirming your submission. They are ONLY processing the…
Read MoreInterest on all student loans held by the Federal Government Waived due to COVID-19
Contact your loan servicer online or by phone to determine if your loans are eligible. Your servicer is the entity to which you make your monthly payment. If you do not know who your servicer is or how to contact them, visit StudentAid.gov/login or call 1-800-4-FED-AID. See link below for more information from studentaid.gov, including Q&A. https://studentaid.gov/announcements-events/coronavirus
Read MoreComprehensive List of Private and Public Loans, Grants, and Financial Support for Small Businesses
In light of the global COVID-19 pandemic, federal, state, and local governments, along with private entities, are mobilizing to provide economic relief as businesses and workers enter a period of uncertainty. Gusto compiled a comprehensive list of public and private loans, grants, and financial support programs aimed at small businesses: https://docs.google.com/spreadsheets/d/1SRBZE2_6Nftwd02M6Oxj8MoeuZ7y93spXIgIPhkkp2w/htmlview#gid=0
Read MoreBusiness Tax provisions
Employers are eligible for a 50 percent refundable payroll tax credit on wages paid up to $10,000 during the crisis. It would be available to employers whose businesses were disrupted due to virus-related shutdowns and firms experiencing a decrease in gross receipts of 50 percent or more when compared to the same quarter last year. The credit…
Read More
