Join Adam Reynolds, CPA for an hour-long overview of what you, as a small business owner, need to know about the new PPP legislation, best practices for application submission and full forgiveness, as well as creating a "necessity clause" defense.
On August 8, 2020 President Trump put into action a payroll tax relief for employees with taxable wages that are less than $4,000 during a bi-weekly pay period through an executive order. Employers are able to defer withholding, deposit and payment of the Social Security taxes on those wages during the period of September 1, 2020 through December 31, 2020. This is not an exemption of the tax, but strictly a deferment.
If you have ever played or watched golf, then you are probably familiar with the phrase “drive for show and putt for dough.” The idea here is, your drive can be a great and an impressive shot, but you don’t win tournaments and make money (dough) if you’re not putting well. I think this same concept applies to the way business owners think of their top line revenue.
Covid-19 Cash Flow FAQ Q: What is your number one tip to improve cash flow? A: There are many things that you can analyze on your balance sheet from accounts receivable and inventory to [...]
If you are like many of the business owners that we work with, you are scrounging together how to maintain as much business as possible during these tough economic times and trying to keep up on [...]
It’s everyone’s favorite time of year again. No, I know the holiday season is over. I am talking about tax season. Alright, I know it’s not really your favorite time of year. However, hopefully we can […]
Adding a partner or shareholder is not simple. As with any agreement involving money, spending the time having difficult conversations up front is well worth your time and energy. A clear agreement avoids unnecessary conflicts that [...]
You’ve heard it a million times. You hear the word niche and think “Oh that sounds great, but I can’t simply choose only one because I love working with all of my clients.” Then you brush [...]
Distractions are everywhere. Plain and simple. Everyone has them. Whether it be issues in our personal lives, constantly reading through the barrage of emails, hiring and on-boarding that new hire or finding the perfect office space. [...]
On April 13, 2018, Kentucky legislation passed a new tax bill into law. Instead of reading the thousands of pages of the new tax law, which I know many of you enjoy dearly, I thought a [...]