News (2430)
More Money for Distressed Small Business
According to CNBC, the Treasury and the House may be close to an agreement on a further round of funding for distressed businesses.
As House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin try to hash out another coronavirus relief package, distressed business owners continue to wait in the wings.
Read more...Business Switching to Online Sales Miss Tax
More businesses are turning to online sales, however, many small businesses don’t fully understand their states online sales tax rules, reports Forbes.
Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics.
Read more...AICPA, CPA.com and Biz2Credit Launch New Platform for Small Business Funding
The American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, and fintech leader Biz2Credit today announced they are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses both on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options that clients may need to fund growth.
Read more...Loan Forgiveness Might Be Unattainable for Many Businesses
Small businesses might find it hard to navigate the Paycheck Protection Programs forgiveness program, reports the Cleveland Business Journal.
Development consultant Alrich Lynch has a Paycheck Protection Program loan — and now he has a forgiveness problem.
Read more...Paycheck Protection Program Flounders
According to Politico, the Payroll Protection Program is running into problems as the program struggles to convert the loans into grants that can be forgiven.
When the government pledged to give small businesses billions of dollars in rescue loans during the pandemic, it was an offer almost too good to refuse: The loans could be forgiven if employers only maintained payroll
Read more...Helping Small Business Navigate Disaster
After a disaster small businesses could engage a public adjuster; a professional that will help them navigate the insurance process, reports USA Today.
The morning of Sept. 9 started out as any other for Brian Garrison, owner of Garrison’s Home and Garrison’s Sleeper in Southern Oregon. Just a few hours later, he saw two of his four stores burned to the ground in a fire that swept through the Rogue Valley, Oregon.
Read more...Business Executives See Improved Prospects for Their Own Companies but Report Little Confidence in U.S. Economy Overall, AICPA Survey Finds
U.S. business executives are feeling more optimistic about expansion plans and the outlook for their own companies over the next 12 months, yet still harbor deep concerns about the strength of the U.S. and global economies in the midst of a worldwide pandemic, according to the third-quarter AICPA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.
Read more...PPP Funds Not Distributed Equally
Black business owners didn’t have an equal opportunity to receive Paycheck Protection Program funds, reports Brookings Institute.
Congress’s major COVID-19 relief program for small businesses, the Paycheck Protection Program (PPP), has so far distributed 5 million loans across the country. That distribution, however, has not been equal.
Read more...More Small Business Funding Could Be On the Way
Republicans are pushing to get more aid to small businesses, reports CNBC.
House Republicans will attempt to quickly force a vote on a bill to replenish a key coronavirus small business aid program, according to congressional aides.
Read more...USPS Problems Hurt Businesses
According to Vox, the USPS shipping delays are harming small businesses.
Sofi Madison’s Boston gift shop Olives & Grace has been struggling for the past few months. First came the pandemic, then constant shipping issues.
Read more...
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