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New COVID Stimulus Funding Available For Business Owners in 2021—Part 2

The Consolidated Appropriations Act 2021, which was signed into law on December 27th, 2020, provides another $900 billion in funding for coronavirus relief for individuals and business owners. The new bill serves as an expansion of the 2020 CARES Act, offering additional funding and a number of key changes to both the Paycheck Protection Program […]

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New COVID Stimulus Funding Available For Business Owners in 2021—Part 1

The Consolidated Appropriations Act 2021, which was signed into law on December 27th, 2020, provides another $900 billion in funding for coronavirus relief for individuals and business owners. The new bill serves as an expansion of the 2020 CARES Act, offering additional funding and a number of key changes to both the Paycheck Protection Program […]

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What You Should Know About the New 1099 Form For 2020

The end of the year is tax time, and one of the most important steps in your company’s tax preparation is filing the proper tax forms for your workers. One tax form that often creates confusion for business owners is Form 1099. Unlike traditional employees, who are issued a W-2, 1099s are used to report […]

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How to Save Big Money on Your 2020 Taxes—Part 2

Taxes are a thorn in just about every entrepreneur’s side. Indeed, taxes are your single biggest business expense. That said, it’s fairly easy to reduce the amount of sting taxes cause—but you do have to be proactive. And we’re not talking about doing anything illegal. We’re not suggesting you evade paying taxes; that’s a recipe […]

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How to Save Big Money on Your 2020 Taxes—Part 1

When you first realize that your biggest personal and business expense—bar none—is taxes, it can come as quite a shock. Seeing so much of your hard-earned money wind up in the government’s hands can feel like a shakedown. That said, focusing a relatively small amount of time and effort into strategically reducing your taxes can […]

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Questions & Answers On COVID-19 Tax Changes for 2020—Part 2

Throughout 2020, Congress passed multiple pieces of legislation—most notably the Coronavirus Aid, Relief, and Economic Security (CARES) Act—offering numerous forms of tax relief to help businesses like yours deal with the economic fallout of COVID-19. That said, these new laws have also created a tangled web of new tax and accounting changes that can be […]

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Questions & Answers On COVID-19 Tax Changes for 2020—Part 1

Throughout 2020, Congress passed multiple pieces of legislation—most notably the Coronavirus Aid, Relief, and Economic Security (CARES) Act—offering numerous forms of tax relief to help businesses like yours deal with the economic fallout of COVID-19. That said, these new laws have also created a tangled web of new tax and accounting changes that can be […]

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4 Tips For Achieving Sustainable Revenue in an Unpredictable Economy

The year 2020 has been extremely challenging for most entrepreneurs. The COVID-19 pandemic and economic downturn have seriously disrupted some businesses and completely shuttered others. And at this point, it doesn’t appear like things are going to go back to normal anytime soon. In light of this ongoing uncertainty and turmoil, you may need to […]

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How to Pay Yourself as the Owner of an LLC

One of the most exciting parts of owning a business is that you get to pay yourself. No longer forced to rely on someone else’s leadership to keep your company running or their good graces to pay you what you want or need, you get to decide how much you earn, how much you work, […]

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Scared To Take the EIDL Money and Use It Wisely?

A couple of weeks ago, I covered making the choice to accept Emergency Injury Disaster Loan (EIDL) money, and got into some of the nuts and bolts of what that might mean for your business. If you’ve been offered EIDL money, you might still be on the fence about it. Maybe you’re scared that, if […]

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Should You Take The Loan Offer from the EIDL?

You may have opened your inbox in the last couple of weeks to discover an email from the Small Business Administration (SBA), finally offering you Economic Injury Disaster Loan (EIDL) money you applied for a couple of months ago. Many business owners just like you jumped at the opportunity to get money from the EIDL […]

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