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Keeping Your Business Steady

According to Entrepreneur, there are a few things small businesses can do to help them remain to keep their business steady.

The COVID-19 pandemic has completely upended our normal way of doing business.

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Small Business Might Face Bigger Tax Bill

Despite having their payroll protection loans forgiven; many small businesses will find that they owe taxes thanks to the loan, reports the Hill. 

Many businesses have suffered during this economic downturn caused by the coronavirus pandemic. You've read about them in the media. But what you don't read about as often are the many other businesses around the country that haven't suffered as much. It probably hasn't been a very profitable year for those businesses, but they’ve kept things going.

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Small Business in Trouble Again

According to Reuters, as the last of the payroll protection money is disbursed many small businesses find themselves short of cash. 

The number of outright failures of U.S. small businesses in the first months of the coronavirus pandemic was comparatively modest, but the months ahead look far grimmer as cash balances dwindle, federal help expires, and the disease surges back.

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