Category: Business Management

If you did not hear, you need to know – PPP expenses are deductible now after the passing of this last COVID stimulus package.  We were all sitting on the edge of our seats for the last few months waiting for Congress to fix the deductibility for us, otherwise, all busine...

The COVID19 Relief bill includes some changes  to PPP loans under $150K.  These changes apply to both the original PPP loans and the PPP second draw which should be available sometime in January....

The new COVID Stimulus Bill signed by President Trump on December 27, 2020 brought more good news for businesses with SBA 7(a) loans.  The SBA paid 6 months of payments for borrowers during 2020, and the payments on these loans are NOT going to be included in taxable income...

When the pandemic first hit, the CARES Act created funding for the SBA to provide a $10K grant to all businesses.  Due to the funding running low, the SBA had to make a stipulation to reduce the amount to $1K per employee.  If you were a company affected by this stipulatio...

Some might say the end of one calendar year and the beginning of another is a formality. The linear nature of time doesn’t change, merely the numbers we use to mark it. Others, however, would say that a fresh 12 months — particularly after the arduous, anxiety-inducing n...

Management overrides of internal controls can make your company more vulnerable to fraud. This is true even when managers have innocent intentions — for example, they don’t feel they have time to follow proper accounts payable procedures because a vendor is requesting im...

They say timing is everything. Is that true for PPP Loan forgiveness timing? There really has not been any law changes or updates to the PPP program recently other than the blog we have up about the ownership changes (link here) and the change for the PPP loans under $50k (...

In Notice 2020-71, new business travel per diem rates were recently announced by the IRS. These that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2020. Employers using these rates to set per diem allowa...

Washington County is launching a $10 million program to provide grants to small businesses within the county to help them recover from the ongoing impacts of COVID-19. The fund will provide one-time grant awards of up to $15,000 are available to eligible applicants to assist...

We just got new guidance from the SBA that covers a bunch of the outstanding questions we’ve had about PPP Loan Forgiveness. Let’s go through a quick overview of the key points that seem most important to us. ...

Ramsey County is providing emergency assistance to small local businesses adversely impacted by the COVID-19 pandemic. ...

Hennepin County is announcing the availability of $10 million towards a new round of emergency funding for small businesses impacted by COVID-19....