With all of the changes in tax laws, and with more to come, do you know if you are taking advantage of all possible savings?

Whether you do your own taxes or have had the same accountant for the past 10, 20 or 30 years, it can be beneficial to have someone else take a look at your tax situation and make sure that you are not losing out on deductions that are allowed to you.

The U.S. Small Business Administration (SBA) has released a new, simpler loan forgiveness application for the Paycheck Protection Program (PPP) loans of $50,000 or less.  The new form streamlines the PPP forgiveness process by providing financial and administrative relief to America's smaller businesses.

Presented by Rex Ours, CPA and David Knecht, CPA, CVA, MAcc

You have your PPP loan, the clock has started, now what? The next step is to spend it during your eight week window in a way that maximizes loan forgiveness. How do you do that? Watch and see below.

The Boston Consulting Group (BCG) has recently made available their Rapid Response Checklist to help navigate through this Coronavirus crisis.  This checklist provides numerous timely suggestions for dealing effectively with this crisis.  BCG lists out a number of suggestions and issues to consider.  Reviewing this checklist might help to be sure you have not overlooked critical components needed to successfully traverse this rocky terrain which will likely continue for a while. 

You most likely started your business because you are really good at something or knew how do something better. Maybe it was product design, marketing, manufacturing, etc. More often than not though, finance is not your strong suit. For many business owners, business finance is an area where they lack clarity and direction; it is even a source of stress and fear.

It Does Not Have to be That Way.

In November, we held our last Financial Coaching to Survive and Thrive training session of the year. We had great sessions in Glendale and Irvine and thoroughly enjoyed the additional information from our guest business brokers. 

Session five of our Financial Coaching to Survive and Thrive series took place in Glendale and Irvine last week. In our group of business owners, we discussed Return on Investment (ROI) and the Altman Z Score 

For those of you who couldn’t make it to either session, here is a quick recap on ROI.