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
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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
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Hiring an accountant for a high growth business like a brewery is not as easy as just going to your local CPA and asking for help. Your local CPA probably only does tax returns and won’t provide the ongoing support a growing brewery needs. It’s not going to a big firm, either. A bigger firm