Operating reserves are often called “rainy day funds.” But stable reserves are critical for far more pressing reasons than the metaphorical rainy day.
Are Your Operating Reserves at a Good Level?
Tag: COVID-19
Is Your Buy-Sell Agreement Up To Date?
For a buy-sell agreement to be effective, you need to review it periodically and, if necessary, modify its language to reflect changing circumstances.
Don’t Neglect Internal Controls for Remote Work
It’s critical that organizations implement internal controls to protect their finances and accounting-related data. Here are some areas to survey.
American Rescue Plan Act Highlights for Businesses
The $1.9 trillion American Rescue Plan Act, signed on March 11, includes several tax breaks and financial benefits for businesses.
8 Accounting Tips for Sole Proprietors
Many new business owners start out operating as sole proprietors. Here are some accounting tips for sole proprietors.
Latest Changes to PPP Loan Program Beneficial For Borrowers
Here are the most important things to know about the PPP loan program, second-draw loans and loan forgiveness.
What Home Office Expenses can I Deduct?
If you’re self-employed and run your business from home, you might be able to claim deductions for home office expenses against your business income.
Keep Employees on your Payroll with the Employee Retention Tax Credit
Employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit, which has been extended and enhanced.
PPP Loans Reopen: Tax Consequences Change
The Small Business Administration (SBA) announced that PPP loans reopened the week of January 11. Here’s a look at the tax consequences.
New Law Makes Favorable PPP Loan Changes and Increases Business Meal Deductions
Here are some highlights of the Consolidated Appropriations Act of 2021 (CAA), including business meal deduction and PPP loan forgiveness changes.