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Paycheck Protection Program (PPP)

Paycheck Protection Program (PPP)

Where can I apply for the Paycheck Protection Program? You can apply for the Paycheck Protection Program (PPP) at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program and...
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Economic Injury Disaster Loan (EIDL)

Source:                 https://covid19relief.sba.gov/#/   Instructions to Apply Fill in your information using the forms below: Business Loan Application (Form 5) Home or Sole Proprietor Loan Application (SBA Form 5C) Economic Injury Disaster Loan Supporting Information...
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COVID-19-Emergency-Relief-Grant-Fund

Maryland Small Business COVID-19 Emergency Relief Grant Fund

This COVID-19 Emergency Relief Grant Fund offers working capital to assist Maryland small businesses and nonprofits with disrupted operations due to COVID-19. GENERAL TERMS AND CONDITIONS Grants up to $10,000 not to exceed 3 months of cash operating expenses for Maryland...
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Small Business Interruption Loans (“SBIL”)

Small Business Interruption Loans (“SBIL”)

How Do You Apply? The SBA is guaranteeing these loans, and businesses will need to apply through banks and credit unions. Approximately 1,800 lenders are already approved to issue 7(a) loans. The bank at which you’ve set up your business banking account will be a great place to...
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cares-act

Cares Act – Nuances and Tax Implications

Coronavirus aid, relief, and economic security act “CARES ACT” NUANCES AND TAX IMPLICATIONS The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was passed by the U.S. lawmakers on March 27, 2020. CARES Act is intended to provide an economic stimulus to businesses...
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outsourced-bookkeeping-services

Why Outsource Bookkeeping Services? (Infographic)

What is Outsourcing? Outsourcing is a business activity or practice in which certain functions or activities required by the businesses are being performed by outside service providers that can be done domestically or internationally. It helps the business to cut their additional...
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business-accounting-benefits

6 Benefits of Business Accounting

Accounting is the language of business – just from that statement, you can say that accounting has a vital role in every business. Many business owners have decided to invest time and money in their accounting for the growth and improvement of their business. But why Business...
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business-accounting

The Basics of Business Accounting

Every business owner has a knowledge of accounting– maybe not all but its basics. Running a business involves buying, selling, banking and taxes and to be able to perform this, one must know even just the basic principles of accounting. Below are the common and important...
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CPA Firms vs Outsourced Accounting Services

CPA Firms vs Outsourced Accounting Services? Who is better?

Maintaining a well-managed accounting is very vital in every business, no matter how big or small it is. A well- managed accounting means that you can monitor your profit, grow them and make effective financial and business strategies. There are two ways that businesses use in...
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Tax Preparer

What does a Tax Preparer do?

For business owners, focusing on financial management can be a little stressful. This is because it requires focus, accuracy and credibility. This might be difficult for business owners to focus on other aspects of their business, that’s why they hire professionals who would...
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