July 7, 2020

If you own a business and your expenses exceed your revenue, you may potentially have a net operating loss (NOL). The NOL is the result when a company's allowable deductions exceeding it's taxable income within a tax period. So what does that mean for you TODAY?

An NOL...

June 12, 2020

The EIDL (Economic Injury Disaster Loan) is to provide financial assistance to small businesses or private non-profit org. that suffered economic injury, which in this case was the coronavirus (COVID-19) pandemic. Although many who have applied to the EIDL are not awar...

June 5, 2020

The U.S. Senate recently approved the House-passed version of the Paycheck Protection Program (PPP) legislation Wednesday night. It is called the Paycheck Protection Flexibility Act which is expected to be signed by the president. What does that mean for you and your b...

April 28, 2020

The Paycheck Protection Program (PPP) is now in its second round of funding from the federal government's crisis aid for small businesses. However, it is apparent that many business owners are still waiting to receive this funding. To make matters worse, there are some...

April 9, 2020

Business owners are facing difficult decisions to keep their business afloat, they need to plan about every option before making a rash decision. With the PPP (Paycheck Protection Program), an expansion of the existing 7(a) loan being recently passed by the CARES Act,...

April 7, 2020

Small business owners normally had to collect 6.2% of their employees' wages for Social Security Tax as part of the FICA withholding up to a maximum wage base limit then match each employee's contribution as part of their payroll taxes.

However, the Coronavirus Aid, R...

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Differences Between the Current SBA Loan and the Future SBA Loan

March 27, 2020

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