The American Institute of CPAs and its business and technology arm, CPA.com, have released a Paycheck Protection Program (PPP) loan forgiveness platform, PPPForgivenessTool.com, which automates the forgiveness process for small business owners who have received funds from the PPP.
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5 Reasons Why You Should Not Rush For PPP Forgiveness
Congratulations to you that have received the Paycheck Protection Program (PPP) money to tide you over and help you keep your employees. With an understanding of "use it or pay it", and that the clock is ticking, you are probably contemplating applying for forgiveness of this money.
Not so fast! Why? You ask. Here are 5 main reasons you may want to give it more thought.
To Convert or Not Convert
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Preserve Your Own Retirement Nest Egg While Providing Care for a Loved One
Care and Costs are two sides of a coin when it comes to taking care of your loved one. Increasing expenses may cause pressure even to the ones with a strong financial background. You may need help from a few expertly approaches to restructure and balance the scenario, in order to avoid depleting your own retirement fund.
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3 Ways to Make the Most of Your Banking Relationships
The COVID-19 pandemic has highlighted the importance of having an established relationship with a lending institution if your business needs a quick infusion of cash. Here are some tips for either establishing a banking relationship if you don't currently have one or expanding an existing relationship you do have:
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5 Ways to Recession-proof Your Business
Business America is slowly re-opening. Given the dismal economic numbers we have seen, the market reality mirrors that of the last recession.
There was a survey done to businesses that survived the 2008 recession by Trends, and the below are 5 key takeaways from business owners on how to cope with the economic fallout. We might like to borrow them for the fallout from the recent COVID-19 pandemic.
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What to Consider When You Lease Commercial Property
Decisions about location and leasing commercial space can be significant factors in determining a business's long-term profitability. That's because the cost of leasing space is often one of the biggest numbers on the profit-and-loss statement. Consider the following as you look for a space that fits your bottom line: