For Business
Rioting damage to your business:
You may want to consider a casualty loss
I recently spoke to a client in North Atlanta whose business storefront suffered damage from the riots in the city. Although a deductible casualty loss was the last thing on their mind, it might be helpful to cover this topic as it relates to damage to your business property. The recent riots in…
Do you wish that people gave you more credit?:
Work Opportunity Tax Credit extended through 2020
Work Opportunity Tax Credit extended through 2020 If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). Generally, an employer is eligible for the credit…
Identity Theft – Part III:
Could your employees make you responsible?
In parts one and two of our ID Theft series, the focus was on an outsider taking your money. Today our guest editor, Judge Kathy Brown Valencia, focuses on a different aspect of ID theft. What if a member of your business team uses ID Theft to place the blame on your business? We urge…
EIDL vs PPP Loans from the SBA:
We decode the alphabet soup of government acronyms
Among all the talk of this and that SBA loans to help business activities, we thought we’d cut through the clutter of acronyms. For background information, read this post first to understand the basics. First of all, an EIDL (Economic Injury Disaster Loans) isn’t new. It’s an existing program administered through the Small Business Administration…
SBA Loans – What’s the difference?:
We explain the difference between business loans
It seems as though every business has an interest in obtaining some help from the SBA. While the process is complicated, the options are not. To help you decide which type of loan you may need, we offer the summary below. Bear in mind that this is not a DIY project. We’re here to help.
SBA Disaster Loans- Are they right for your business?:
We'll show you how they work
Due to the Coronavirus problems, we’ve received a bunch of questions from business owners about SBA Loans. The slide show below will walk you thru: Who can qualify, What are the requirements, What are the terms, and how we can help you apply
The truth about price-cutting- it’s not what you think:
Watch as we crunch the numbers - you'll be shocked
Sales are down, so we need to cut prices right? Not necessarily! The truth illustrated in the video below shows that price-cutting is almost never the way to grow profits. The video shows that, at a 35% profit margin, a 10% price cut means you must increase sales by 40% just to stay even. Hard…
Out with the old – in with the new 2020 mileage rates:
Deduction rates change for 2020!
It’s easy to forget about the business use of your personal car. Here’s how to calculate this deduction for all your business miles.