Protect Your Small Business During The COVID – 19 Pandemic
There’s no doubt about the fact that the impact of the COVID - 19 outbreak is getting worse for all of us. The outbreak not only affected our physical and mental health but also did considerable damage to our economy. Worldwide, the common masses are suffering from...
Major Accounting Changes To Look Out For This August 2020
Accountants follow standards and procedures that various governing bodies keep track of and maintain. These organizations include the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA). Government agencies...
What Is The SBA And How Can They Help Me?
Small businesses are one of the main driving forces of the U.S. economy. According to the Small Businesses Administration, these businesses contribute as much as 44 percent of the U.S. economic activity. They also create the majority of new jobs across the...
Unemployment And Underemployment During The COVID 19 Pandemic
COVID-19 is one of the most economically and socially damaging disasters in recent decades. It has forced the government to take drastic measures to save as many lives as possible. One of these measures is the partial or complete shutdown of many industries. CPA...
How Businesses Can Reopen During The Pandemic
The Covid-19 pandemic may just be one of the worst economic disasters the US has faced in recent decades. It has been seven months after the very first Covid-19 case in the United States. Hence, many are asking, “are we ready to reopen the economy, now?”...
Accounting For Company Vehicles In 2020
According to the US Bureau of Transportation Statistics, as of 2018, at least 3.1 million automobiles and trucks ply across the country for business purposes. This vast number shows the importance of these vehicles for businesses and the economy. It provides them with...
How Your Taxes May Have Changed During The Pandemic
Benjamin Franklin once said, “There were only two things certain in life: death and taxes.” This quote has never been more valid than this 2020. This year has been a rough for everyone. From the richest to the poorest, COVID-19 has affected us all in more ways than...
PPP Loan Forgiveness Can Be Done Early, But With A Catch
As states across the US are starting to reopen, the Payment Protection Program has been a saving grace to thousands of businesses. It has helped prevent a full-scale employment crisis across the country as companies could continue paying employee wages. Top Accounting...
PPP Forgiveness Changes Explained
The Payroll Protection Program by the Trump administration is a godsend for businesses during this COVID-19 pandemic. Just two weeks from its launch, over 1.6 million businesses have enjoyed its benefits. Since then, the Small Business Administration and Senate have...