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Category: Business Management

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April 9, 2020
Paycheck Protection Program Loan Explained

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn....

April 4, 2020
Webinar Recording: Navigating the SBA Loan Process

Navigating the SBA Loan Process Webinar Overview:  In this webinar from April 3, 2020 a panel of Boyum Barenscheer CPAs discuss the process of applying for SBA loans including PPP loans....

March 30, 2020
COVID-19 SBA Loans Available

Due to the COVID-19 pandemic and its affects on small businesses, the SBA now has two loans available to help your small business through these unusual and trying times.  Here is a quick summary on the Economic Injury Disaster Loan and the Paycheck Protection Loan....

March 25, 2020
SBA Offering Loans to Small Businesses Hit Hard by COVID-19

Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise — are limited. If t...

March 23, 2020
Resources for Small Businesses in Crisis

Many small businesses are reeling from the impact of the COVID-19 pandemic. Boyum Barenscheer is here to help. We have gathered a list of helpful resources for small businesses to turn to during this unprecedented time....

March 13, 2020
The Difference Between a Mission Statement and a Vision Statement

Many business owners put off writing a mission statement. Who has time to write down why you’re in business when you’re busy trying to run one! And perhaps even fewer owners have created a vision statement — possibly because they’re not sure what the term even means....

March 12, 2020
How to Make the Most of Your Multigenerational Workforce

Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a multigenerational workforce with a wide age range requires flexibi...

March 10, 2020
How’s Your Buy-Sell Agreement Doing These Days?

Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a liability policy. For a company with more than one owner, there’s an additional type of risk-management arrangement that needs to be established: a bu...

February 26, 2020
Give your 401(k) Plan a Checkup at Least Once a Year

In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does, it could mean the difference in a job candidate’s decision to accept their offer over yours. It could even send employees heading for the door. Assuming y...

February 19, 2020
Digital Documents With E-Signatures Aren’t Going Away

Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you’ve signed a contract with a certain technologically inclined customer or vendor. In any of these instances, you (or one of your employees) probably had to electronically sig...

February 6, 2020
Getting Help with a Business Interruption Insurance Claim

To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to cover revenues lost and expenses incurred while normal operations are limited or suspended....

January 28, 2020
5 Best Practices When Investigating an Employee Complaint

“All complaints will be swiftly and thoroughly investigated.” No doubt this sentence, or something similar, appears in your company’s employee handbook. Unfortunately, there will likely be a time when you’ll have to put those words into action. Whether an employee al...