by Heimlantz | Mar 26, 2021 | Professional Firms
This article discusses and emphasizes the need for all businesses to be able to adapt and pivot in the right direction, especially during a crisis like the Coronavirus pandemic. Some tips that are outlined are the ability to strategize quickly, supporting company...
by Heimlantz | Mar 26, 2021 | Covid-19, Professional Firms
The U.S. Small Business Administration (SBA) recently announced a major update to the COVID-19 Economic Injury Disaster Loan (EIDL) program. As of the week of April 6, 2021, the maximum loan amount for COVID-19 EIDLs will increase to $500,000. Under the CARES Act,...
by Heimlantz | Mar 5, 2021 | Professional Firms
This article discusses how the Small Business Administration has made significant changes when comparing the first round of the Paycheck Protection Program (PPP) and the most recent program. Specifically, the SBA stated that “The changes aim to speed up the flow of...
by Heimlantz | Feb 26, 2021 | Professional Firms
This article discusses some of the key changes the Biden administration is making to the application process of the paycheck protection program. Specifically, Monday started a two-week period in which only businesses that have less than 20 employees are able to apply...
by Heimlantz | Feb 23, 2021 | Professional Firms
Question. If you have an office outside your personal home—say, downtown—can you have a tax-deductible office inside your home for the same trade or business? Answer. Yes. Who says that? The IRS. Show me where they say that! In IRS Publication 587, the IRS says this:...
by Heimlantz | Feb 19, 2021 | Professional Firms
This article discusses how important family businesses are to the economy of the United States. However, “70% of family businesses last just one generation before they either fail or are sold.” Succession planning can be difficult at times, but implementing strategies...
