Accounting/Banking/Credit (106)

New Updates to PPP Loans for Smaller Businesses

The federal government is in its final stages of a program that will help small businesses remain operational during the coronavirus pandemic. With the coronavirus pandemic posing eral challenges to businesses, the government is looking for ways to support small businesses. President Biden announced various revisions to the Paycheck Protection Program (PPP) approved by Congress last year. The new tweaks put in place by the Biden administration gives exclusive access to the loans to the smallest of small businesses in the US.


Credit Union vs. Traditional Bank: Which is Better for Business

As an organization, how do you decide who to entrust your money to? Does a company opt for a local credit union or open an account at a well-known bank? If you’ve recently opened a business or are looking to change which financial institution you trust your money to – you’ve come to the right place. While there is no correct answer – this article aims to outline the pros and cons of a credit union versus a traditional bank when it comes to a company or business.


4 Reasons Employers Need to Provide a Financial Security Benefit to Employees

A financial security benefit that helps employees pay for and manage their out of pocket healthcare expenses allows an employer to not only keep healthcare costs down, but to provide a much-needed benefit to their employees, one that pays dividends for years to come.  Here are 4 reasons why employers need to provide a financial security benefit to their employees as part of their offering. 


How to Manage Your Cash Flow

This year has shown the importance of high cash flow as the pandemic has forced small businesses around the world to close – many unable to survive shutdowns and decreased sales. Those that have endured are predominately companies that have adequate cash flow that they can lean on during this unprecedented time.


Make Sure Your Budgets are Ready for 2021

The end of the year is the time for businesses to plan for the next year. However, with the uncertainties occasioned by the coronavirus pandemic, predicting how 2021 will look like is difficult, taking into account changes that have occurred. The abrupt changes that occurred concerning consumer behavior, the uncertainty surrounding the time the coronavirus pandemic will take, and the methods that can be adopted to avert the effects of the virus on the environment make budget planning for 2021 difficult. Whatever you have experienced and what may come next year, make sure that your budget is ready for the challenging times ahead and will be able to respond to whatever is thrown in the way of your organization. Here are some of the ways that ensure your budget is ready for 2021:


3 Key Steps To Selling A Business In Good Times Or Bad

The COVID-19 pandemic is putting people out of work, slowing down lots of industries, and causing businesses to close. But at the same time, an uncertain chapter in America’s economic history may provide opportunities for individuals looking for a fresh start – or a soft landing.


Check These Possible Tax Credits for Small Businesses

As a small business, the coronavirus pandemic has presented countless challenges mainly as a result of lockdowns and social distancing restrictions. This has forced governments to come to the rescue by providing funding and tax breaks. Apart from the government, other organizations have also stepped in to help small businesses to survive and keep offering services during and after the virus. However, the biggest help for small business owners comes from the IRS in the form of tax credits. Some of the benefits that the IRS has promised to offer include new credits for the employers that include the employee retention credits and credits for paid sick leave and family leave. With these credits, you can save your small business from the effects of the pandemic while ensuring that your employees are protected as well. Here are some of the tax credits that can help you and how they work.


How American Cutting Edge Sharpened Its Business and Saved More Than $100,000

Customers today want customization. From startups to big brands, most businesses today are providing their customers with unique options to personalize their products. The increased demand for mass customization is changing the nature of many industries, while also providing a new way to extend product lines and increase sales.  


Understanding Amortization

If you’re not familiar with accounting or financial statements for a company, just looking at them can be intimidating. Even once you’ve figured out things like gross margin, cost of goods, and cash on hand, there are other line items that will still cause you to scratch your head, like amortization.


When Business Success Begins with Innovation in Finance

Cultivating a culture of innovation should be a top priority for every enterprise. While this may sound simple, it’s one of the most difficult accomplishments to achieve in practice. Halloran Consulting is no stranger to fostering a culture of innovation within its business. The life science regulatory, quality and clinical consulting firm has seen revenue growth of nearly 200 percent since 2014, winning a spot on Inc. 5000 list of America’s fastest-growing companies for five consecutive years and most recently awarded a digital leadership title by Ventana Research.


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