If tax season has you swimming in paperwork, you may be wondering which documents you really need to keep and for how long. In fact, we receive this question a lot from our clients, so we decided to put together this comprehensive guide to clarify which documents you need to keep and how long you need to keep them. Keep …
You may have seen a variety of online publications compile lists of the most common reasons great employees quit their jobs. While it’s important to understand what makes a great employee leave your company, you also want to focus on what makes your best employees stick around. In the following guide, we will explore ten reasons your great employees stay. …
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 …