I’m sure you’ve heard the saying, “you get what you pay for.” Well, that’s true when it comes to choosing a CPA. Not all CPAs are created equal, and if you want the best possible service and advice, working with an accounting firm with deep experience is essential. At Lord CPAs, we pride ourselves on
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Starting a small business is no easy task. It takes hard work, determination, and most importantly, a sound business plan. Too often, small businesses fail because they are not profitable enough to stay afloat. To ensure the longevity of your small business, it is important to aim for a 10% profit margin. This number may
Now that the initial wave of PPP loans are being submitted and all the calculations of maximum loan amounts have been made we need to start looking at how these loan proceeds need to be used and how these loans can be forgiven as outlined in the CARES Act. This portion mainly applies to those
With all of the changes that are occurring for small business during these unprecedented times, it’s important to reflect on how you can improvise your business while adapting to and overcome the challenges posed by the COVID-19 outbreak and the disruption it has caused. Improvise Your Business (Internal factors to consider) Cash Flow Cash flow
Late on March 25th, 2020, the US Senate passed a bill to aid businesses and individuals who are all struggling with the economic and health effects of the COVID19 pandemic. The bill still needs to pass the house where some changes are likely to be made and will then be sent to the President for