The latest COVID-19 relief package passed by Congress in December 2020 provides expanded support for Americans hard-hit by the coronavirus pandemic. In this article, we provide an overview of the new and expanded provisions set forth by the government relief package for small businesses, so you can take advantage of the financial safety net they offer in 2021. Paycheck Protection …
U.S. SBA Approves New Simplified 1-Page Application If you took out a loan for $50,000 or less from the Paycheck Protection Program (PPP) enacted by the Small Business Administration earlier this year, you may be able to apply for loan forgiveness using the new, simplified Form 3508S. This one-page application, revised on October 8th, 2020, is a welcomed alternative to …
Your childcare center faces some unique staffing pressures. Many states now mandate lower staff to child ratios as a condition of operating during the COVID-19 public health emergency, and all childcare organizations should follow more robust health and safety measures. Staff might require unexpected leaves to care for themselves or family. In other words, you probably need to hire workers …
The Paycheck Protection Program (PPP) was created by the CARES Act and is implemented by the Small Business Administration with support from the Department of the Treasury. It is there for borrowers to use for specific expenses with funds to pay up to 8 weeks. It allows businesses resources for things like applicable overhead, payroll, rent, mortgage interest, utilities, and rehiring of …
The COVID-19 crisis came in as an unprecedented event and many took a hit to their income. As a successful childcare center, you value financial stability – the very foundation of your income. During the pandemic, creating a plan to maintain your operations is crucial. And while you may face challenges along the way, taking the right steps for your …
Managing Director and CPA at Honest Buck, Rachelle Calina, appeared on the Java Chat Podcast to chat over coffee about startups, what to consider for your business when it comes to finances, cashflow and the ability to forecast honestly. They go lightly into the Payroll Protection Program (PPP) and what you should know as a business before going after assistance …
Intro In the midst of the COVID-19 crisis, childcare centers are taking a huge hit. Either they have closed due to healthcare mandates or a majority of parents have pulled their children from the center. If they are staying open, it is almost a minute by minute decision on how long they can keep the doors open. Many open facilities …
As stated by the U.S. Bureau of Labor Statistics, child care businesses will have some of the fastest employment growth rates of all industries in the year 2020. This presents opportunities for those aiming to become a leader in regard to early childhood education. It’s clear that the demand for early childhood education and daycare is booming — but is …