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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Maximize Your Savings: Essential Truck Driver Tax Deductions You Need to Know
Driving a truck for a living is hard work. But delivering the goods that keep America running is such an important part of our economy. Without you being on the roads day and night, our country would grind to a halt faster than most people realize.If you drive as an...
How to Create a Traditional Income Statement: Simplified Tips for Busy Entrepreneurs
Small business owners are often intimidated by having to create a traditional income statement for their company. However, it doesn’t have to be that way. All of your financial statements are valuable for helping you run your business. They give you insights into how...
Top Strategies for Building a Nonprofit Budget That Supports Your Mission
If you handle money at all (personal life, business, etc.), you need a budget. If you’re leading a nonprofit, you definitely need a budget! A lot of people cringe at the thought of budgeting. They immediately feel like they’re back in math class having to turn...
How to Manage Independent Contractor Taxes: Quarterly Deadlines, Forms, and Strategies
If everybody had to file independent contractor taxes, we’d see a revolution in our nation’s tax code. Most people work for an employer at W-2 jobs where their taxes are automatically take out each pay period. They never have to think about it, are mainly...
Operating Expenses: How to Manage Them Better To Increase Your Profits
You’ve probably heard it said that, in business, “you have to spend money to make money.” Generally speaking, that’s true. There are certain costs associated with running your company so that you can provide your product (or service) and realize some profit (and,...