The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, provides $349B for the small business Paycheck Protection Program (PPP) Loan and an additional $10B for the existing Economic Injury Disaster Loan (EIDL) and Emergency Economic Injury Grants program – but which one is right for you?
No matter how great your business model is, how pritable you are or how many investors are interested in supporting your business, you can’t survive if you can’t manage your company’s cash flow.
No matter how great your business model is, how pritable you are or how many investors are interested in supporting your business, you can’t survive if you can’t manage your company’s cash flow.
One of the most common questions clients have is the difference between a CPA and a CFO. While both are important, a CPA and a CFO have vastly different roles.
Failing to have a firm grasp on your business’s financial status can significantly hamper your ability for growth. Are you one of the many business owners who are tackling the myriad of accounting tasks while trying to run your business? Here are five accounting mistakes that can derail your business and how you can avoid them.
Public companies have already passed the FASB’s (Financial Accounting Standards Board) deadline for implementing the new lease accounting standards. While FASB is discussing staggering the dates for implementation, the deadline will still approach quickly. Many companies have not started or are still at the beginning stages of the implementation and identification process. Find out more and what your company should be doing now to prepare.
Prior to the Tax Cuts and Jobs Act (TCJA), Net Operating Losses (NOLs) generated allowed taxpayers to carry back the loss two years and/or carry it forward up to 20 years. However, now the TCJA has provided changes to that provision and set new limitations on the NOL utilization.
Small business owners who work from home could save money on their taxes by taking the home office deduction, as long as they meet the requirements set forth by the IRS. Learn more today.
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