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2021 year

New Year Resolutions For Businesses That Make a Difference

Saying 2020 wasn’t easy is probably the understatement of the year. However, some small businesses fortunate enough to have survived the effects of the pandemic should consider making changes now. That’s because the “changes” we’re about to mention can result in a big payoff later. For example, many small businesses believe having a smaller staff

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What Small Business Owners Need to Know About the New Stimulus Package

The long-awaited stimulus package is finally here! But instead of having you read over 5,000 pages that make up this bill, we thought we’d share the highlights for small business owners. Two Provisions You Need to Know About There has long been a debate in Congress about deducting expenses paid with Paycheck Protection Program (PPP) funds.

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money going out from Washington

Congress Finally Agrees On $900B Stimulus Package

After nine months of negotiations failing to produce a second Coronavirus relief package, Congressional leaders have finally reached a deal. Senate Majority Leader, Mitch McConnell (R), praised the long-awaited “bipartisan breakthrough,” saying the bill’s text must be finalized and, barring any “last-minute obstacles,” pass the House and Senate before President Trump can sign it into

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relief

Stimulus Checks Missing From Upcoming Relief Package Vote

Three days away. Friday, Dec. 18, is the day congress votes on two stimulus packages totaling $908 billion. Friday is also the deadline for funding an extension to avoid a federal government shutdown. Congress is now down to the wire to make something happen for Americans still struggling during the COVID-19 pandemic. Breaking Down the

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Payroll Checklist: What Businesses Need to do at Year-End

If you’re a business owner, it’s essential to understand all the tasks and objectives related to year-end payroll processing. Some of these tasks are common yet, good housekeeping practices (i.e. verifying your employee’s social insurance numbers, reviewing your payroll system, etc.), while others are compliancy requirements (i.e. ensuring your payroll taxes have been remitted accurately,

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Are Stimulus Checks Delaying a 2nd Federal Relief Package?

Washington is close to agreeing on a desperately needed federal relief package.   However, any relief package aimed at this goal is likely not to include stimulus checks. Some Democrats threatened Friday to oppose the legislation, arguing it’s “wrong morally” not to provide $1,200 payments to working-class families at a time when hunger in America is exploding. “The

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