REFRESHER: What is the Paycheck Protection Program? The Paycheck Protection Program (PPP) is a Small Business Association (SBA)-backed loan to help businesses retain employees during the Coronavirus (COVID-19) pandemic enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Funds can be used for payroll expenses and benefits and some non-payroll related expenses such […]
Management
My Lenten Fast
Archbishop Foley Beach suggested that we consider giving up social media for Lent, and I think the idea has great merit. So, I will leave you with the Collect for Ash Wednesday and see you on the other side of Easter. Almighty and everlasting God, you hate nothing you have made, and you forgive the […]
Time to Embrace a Digital Payment Platform
If you do not currently accept payment digitally, the world is going to leave you behind. When I first worked in Ireland in 2007, checks (or cheques over there) were virtually unheard of. This short article presents some of the advantages of accepting digital payments. The world has forever changed, and a cloud of economic […]
Take Advantage of Your Financial Statements
Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and value. Getting the most mileage from financial statement data requires some analysis. Ratio analysis looks at the relationships between key numbers on a company’s financial statements. After the ratios are calculated, they can be […]
Worker Classification: Pay Attention
It isn’t easy deciding whether a worker should be treated as an employee or an independent contractor. But the IRS looks at the distinction closely. Tax Obligations For an employee, a business generally must withhold income and FICA (Social Security and Medicare) taxes from the employee’s pay and remit those taxes to the government. Additionally, […]
Tracking Mileage in QuickBooks Online
If you’re having to drive for work during the pandemic, let QuickBooks Online make sure you’re recording all of your deductible mileage. Many states are starting to open for business again. If yours is one of them and this is affecting you, we hope you’re taking steps to stay healthy. We also hope that you’ve […]