When should I apply for PPP loan forgiveness?
The question is on many small business owners’ minds. Rules for the PPP have changed frequently since its inception, so planning has been a moving target. A smart...
Blog
Do You Have an Exit Strategy?
If the answer is “no,” you are rolling the dice on your largest paycheck! Building company value through marketing, organizational development, R&D, and business development are vitally important;...
Understanding Bank Workouts- What Does This Mean for Me?
My bank recently told me they were transferring my loan account to their “Special Assets” group. My friend told me that this means I am in “work out”,...
How Does Working From Home Benefit a Company?
We are all experiencing a disruption in our “normal” routines and this includes going into the office. Tech giants like Google announced that their employees may work from...
How to Apply for PPP Loan Forgiveness – Executive Summary
Congratulations, you have secured a PPP loan and entered the 8-week period leading up to loan forgiveness. The SBA released guidelines Friday 5/15 on how to apply for...
Audit fears quelled as SBA releases new PPP safe harbor guidance.
The SBA released new guidance stating all PPP loans under $2M will automatically qualify for the notorious “loan necessity certification”, a clause that has never been clearly defined....
What is the difference between a Controller and a CFO?
Savvy business decisions based on solid financial data is the key to success. As a small business owner, you may be handling your own bookkeeping and accounting duties,...
Outsourced Finance Manager: What Is It and Do You Need One?
A finance manager is often the most experienced financial professional in a small business. Their responsibilities include overseeing company finances (cash, debt, collections, and payments,) preparing statements and...
The Difference Between a Part-Time CFO, Fractional CFO, Part-Time Controller
If your business isn’t growing as fast as you’d like, or if you’re overwhelmed with bookkeeping and accounting chores, you may be thinking about hiring a controller or...
What the new PPP funding means for your business
If you missed out on a PPP loan before funds ran out, here’s what you need to do now In March, Congress passed the CARES Act, which provided...