Impacts of Your PPP Loan on Year End Tax Planning

Since the inception of the Paycheck Protection Program (PPP), there have been many questions around the taxability of loan proceeds. As we approach the end of the year, it is imperative to consider the details of your PPP loan in regard to year-end tax planning.

Navigating the New Normal: Payroll Recordkeeping

The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off, furloughed and, in some cases, rehired. There has also been crisis relief for eligible businesses, including the Paycheck Protection Program and the payroll tax credit.

New Hampshire Main Street Relief Fund Reopens

New Hampshire Governor Chris Sununu has authorized the allocation of $100 million from the CARES Act Coronavirus Relief Fund for MSRF 2.0—a second round of funding for the Main Street Relief Fund (MSRF), a program providing economic support to New Hampshire small businesses suffering from business interruptions as a result of COVID-19.

Navigating the New Normal: Customer Service

You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things into perspective. As companies have adjusted to operating during the COVID-19 pandemic and the resulting economic fallout, prioritizing customer service has become more important than ever.

Navigating the New Normal: Employee Onboarding

Although many businesses have had to reduce their workforces because of the COVID-19 pandemic, others are still hiring, or may start bringing on new employees in the weeks or months ahead. A thoughtful onboarding program has become more important than ever in today’s anxious environment of safety concerns and compliance challenges.

Navigating the New Normal: 6 Key IT Questions to Ask

As the COVID-19 pandemic continues to impact businesses across all industries, business owners are being forced to reevaluate all aspects of their operations and are relying on technology now more than ever before.

5 Reasons Not to Rush Your PPP Loan Forgiveness Application

With the extended PPP loan application deadline behind us, many borrowers are anxious to start their loan forgiveness application to ensure that their loan funds are forgiven. Currently, borrowers have until 10 months after the end of the loan’s covered period to apply for forgiveness. At that point, if forgiveness forms have not been submitted, any borrowed funds officially become a loan that needs to be repaid.

Navigating the New Normal: Financial Best Practices

In the first blog in our ‘Navigating the New Normal’ series, we will take a look at finances, and discuss some best practices for maintaining control in an uncertain economy.

Are Your Internal Controls Effective in a Remote Work Environment?

The COVID-19 pandemic has changed life as we know it over the last several months, and businesses have been forced to adapt to the ‘new normal’, which in many cases, means having an entirely remote workforce for the first time ever.

SBA Closes EIDL Advance Program

The Small Business Administration (SBA) has announced that it has closed its Economic Injury Disaster Loan (EIDL) Advance program after granting the entirety of its $20 billion in emergency funding to nearly 6 million small businesses, including non-profit organizations, sole proprietors, and independent contractors impacted by the COVID-19 pandemic.