This news is music to the ears of small business owners across the country. According to an announcement this week, the borrowing window has opened again. Business owners may now complete an application for a first or second draw. Since the first round of disbursements was depleted before many of the smaller businesses could gain …
Paycheck Protection Program Now Accepting Loan Applications Read More »
Welcome back, PPP. This sequel has been greatly anticipated, as approximately 90% of borrowers say they’ve exhausted their first loan. This lifeline may help many small business owners stay afloat until the economy bounces back. After several months of hand-wringing deliberation and debates on Capitol Hill, the U.S. Congress finally reached an agreement. On …
Highlights from the 2nd Round of the Paycheck Protection Program (PPP) Read More »
In the early stages of your business, you are most likely fixated with marketing, growing revenue and becoming a reputable brand. These are all excellent facets of your organization that deserve your focus, but the cornerstone of any business is keeping an accurate track of your cash flow. Perhaps accounting is just not your …
Outsourcing Accounting Services are Spurring Growth in Businesses of All Sizes Read More »
The recording industry has massive stakeholders – from songwriters to artists to a multitude of businesses, which are involved in the distribution process. And it’s an industry that can ignite media attention when some lyrics sound too much like another song; when this happens, it triggers headline-making legal battles. Understandably, people want to protect …
What is the R&D tax credit? The United States government promotes and incentivizes business innovation by allowing tax credits for research-related expenditure. Known as Research and Development (R&D) tax credit, it is a highly underrated tax incentive that can be claimed by a business of any size and is not restricted to large corporations …
10 Frequently Asked Questions About Research and Development Tax Credit Read More »
1. Chief Financial Officer (“CFO”) – What is the role of a CFO in an organization? A Chief Financial Officer (CFO) is primarily responsible for properly managing the company’s finances and advising the CEO on strategic growth decisions. This includes an analytical and strategic review of the company’s financial strengths and weaknesses, financial planning, financial …
When a SME owner tries to double up as both the CEO and CFO, there’s a high likelihood he/she will spread themself too thin and make hasty financial decisions with half-baked information pertaining to investments, cash flow and accounting processes. However, hiring an in-house CFO may not be a viable option always because of the …
Everything You Need To Know About Outsourcing CFO Services Read More »
Our research indicates that most small businesses are unaware of an R&D tax credit. They don’t understand how it can help them earn up to 13.5 cents for every qualified dollar! Due to a lack of information surrounding this unique tax credit, it is easy to assume that the credit is only meant for research …
R&D Tax Credit Isn’t Restricted To Research Labs – Your Business May Be Eligible, Too! Read More »
COVID-19 is inducing a lot of stress for business owners. Economic hardships often pose a vast array of challenges; one of the key issues is heightened vulnerability. In fact, the Federal Trade Commission has issued warnings to businesses regarding fraud schemes related to COVID-19. However, many business owners don’t take into account the …
Here’s Why A Forensic Audit Is Essential For Your Business During COVID-19 Read More »
The $2 trillion coronavirus stimulus package, also known as the CARES Act, has given hope to many small businesses to retain employees, pay rents and keep going during these crisis. While we eagerly await the next round of funding for PPP and EIDL programs, there are some common questions that business owners are struggling …
Q&A to help you navigate financial challenges amid COVID-19 Read More »