The first thing that you do when you start a business is open a checking account. This is a fantastic introduction into the world of entrepreneurship because it turns out to be more complicated, take longer, and cost more than you think it should.Before that, you may have started your business using your personal accounts […]
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Another American Icon Going Under
Going through the training for Profit First, I ran across a comment that you just can’t judge the financial stability of a company from their outside appearances. One thing we’ve seen with Covid is that no matter how big or old the company, a lack of cash reserves can end them. Hertz, a 101 year […]
Protecting Your Business During a Crisis?
Think back to New Year’s Day, none of us imagined society would essentially grind to a halt. Right now our natural reaction to suddenly being seeped in uncertainty is to freeze up, hide from the world, and watch Tiger King on Netflix while trying to ignore that tightening in your chest. You can’t hide forever […]
This is a good summary of the Covid stimulus package
Covid & Payroll
The covid relief package contains a credit for companies who continue to pay their employees while they can’t work. The caveat being that this ONLY applies to payments started April 1 so if you’re already paying your employees, you cannot take the credit like everyone thought you would be able to do. Why this is […]
Paying Employees During Covid?
Quick Note: If you are paying your employees during this time-out, keep up with the amounts. The laws are constantly changing so it is possible that this information could be needed down the road. and work together out there people Special thanks to the neighbors who stopped by my MIL’s to see if she needed […]