Covid 19: Changes To SBA PPP Guidelines
Great news for the smallest business owners: starting Wednesday (02/24/21), there will be a 2 week period allowing only businesses with fewer than 20 employees to apply for PPP benefits and relief through this program. Here is a brief summary of all the new changes to the PPP Guidelines being implemented: Institute a 14-day period, […]
WHAT ARE YOUR 2021 GOALS?
As we head into February, it’s not too late to complete your 2021 strategic plan, including goals & KPIs. Key Performance Indicators—or “KPIs”—are select data points originated from financial and operational workflows, and displayed on your company dashboard. All successful businesses track and manage KPIs. Selecting the appropriate KPIs to track in your small business […]
Tax Season is Here Once Again
Happy New Year! We hope that you had a wonderful holiday season and—like us—are eager to get back to business! As we move into 2021, it is so easy to think that once you have completed your 1099s or issued W2’s, there is plenty of time to prepare and file tax returns. However, deadlines are […]
Got Bankruptcy On Your Mind?
Reevaluate Rather than React It has certainly been a challenging time for many of us. If you are facing a pile of bills and possible harassing collection calls, it might seem like filing bankruptcy is your only option. But it is not. Many of our clients have come to us with the same question: should […]
Don’t Forget To Apply For PPP Forgiveness
For many of you, the end of your 10-month deferral for your PPP loan is quickly approaching. Many lenders have already opened applications for PPP loan forgiveness. So now is the time to think about applying for forgiveness, but is it the right time to actually apply? There are numerous things to consider before applying […]
Five Pillars Of The Virtual CFO
The steps you take today will dictate whether or not you will meet your goals next year. The most common complaint we hear from owners is lack of free time and lack of money in their pocket. Sometimes we are guilty of wearing our 60+ hour work weeks as a badge of honor (Yes! I’m […]
Covid 19: SBA Disaster Loan Update II
Did you know the SBA is still taking applications for Economic Injury Disaster Loans (EIDL)? We know there is a lot of confusing information coming out of Washington right now about help for small businesses. We are reaching out today to update you on options provided by the CARES Act that are still open to […]
Never Let A Good Crisis Go To Waste
Love him or not, former Chicago Mayor Rahm Emanuel is famous for using the phrase, “never let a good crisis go to waste”. In fact, some claim it was Winston Churchill who coined the phrase. Regardless, as small business owners, I do believe now is the opportune time to to heed such advice 😁. Recently, […]
Covid 19: SBA Disaster Loan Update I
Small Business Insights U.S. Small Business Administration, programs and initiatives: Coronavirus Aid, Relief & Economic Security (CARES) Act PRG is working hard to stay on top of the aid packages recently passed by Congress and made available through the Small Business Administration (SBA). Many PRG clients and friends have been requesting info about these programs. […]
Corporate Debt Surges To 47% Of GDP
Corporate debt surged to a record 47% of GDP in the 3rd quarter of 2019. Source Federal Reserve Board, Bureau of Economic Analysis Some argue corporate debt is a requisite for economic expansion. Others argue its a sign of too much leverage in the system. Regardless of what direction the economy takes, you need to […]