Most people know that CPAs are known for helping people prepare and file taxes. Small business owners who work with CPA firms probably also know that CPAs are in a great position to help with bookkeeping and accounting as well. If you’re new to business (or have...
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The New Stimulus Bill And You—Here’s What You Need To Know
On Sunday evening, President Donald Trump unexpectedly signed the $900+ billion stimulus bill that renews benefits that were already starting to expire. The new law also sends a second stimulus check for up to $600 to qualifying adults and their dependent children...
Changes to the Payroll Protection Program (PPP)
On Friday, June 5, 2020, President Trump signed into law changes to the CARES Act, specifically, the PPP. These changes could make loan forgiveness more attainable for certain business owners. Here are the highlights Borrowers can extend the eight week...
3 Important Record Types You Need to Secure PPP Loan Forgiveness
The Payroll Protection Program (PPP) brought great relief to many American workers and small business owners when it was passed last month. Millions of people have been benefiting from the program and will continue to over the coming months. But did you know...
Payroll Protection Program—What Strings Are Attached?
In the midst of the economic shutdown brought about by the pandemic of COVID-19, small businesses got some good news in the form of the Payroll Protection Program (PPP). According to U.S. Treasury, the PPP initially authorized “up to $349 billion in forgivable...
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Accounting For Nonprofits (A Complete Guide To What You Need To Know)
Nonprofits exist to make positive improvements in their community (or however far their impact reaches). They meet needs and raise awareness of issues in our world in ways that lone individuals usually cannot. And they are an incredibly valuable part of our society....
Can You Deduct Farm Expenses Without Income? (What You Need To Know When The Crops Don’t Come In)
We all know that you pay taxes on the money you make during the year. We also know that one of the nice things about our current tax code is that business owners are able to deduct expenses from those taxes in order to reduce their overall tax bill. Farms are...
How Often Do Small Businesses Get Audited? (And What You Need To Do To Prepare)
How often do small businesses get audited? And should you be concerned that your company might be next? These are questions that small business owners face at some point in their careers, and knowing the answers might help you avoid a lot of stress and headaches...
Is A Venmo Nonprofit Account A Good Idea For Your Charity?
Venmo nonprofit accounts are quickly becoming a big part of the charitable giving scene. But is it something your organization should be using or not? What are the advantages? Are there any downsides? We think you deserve the best information when it comes to making...
How to Prep For A Business Audit (And Streamline Your Company)
The mere mention of the word “audit” is enough to cause some business owners to break into a cold sweat. They’ve either been through one before and it wasn’t a pleasant experience or they know that their records are in such a mess that they aren’t prepared for one.In...