No frantic notifications here today—just an update and a few items that are on our radar. As always, our standard disclaimer exists: seek counsel for your specific situation. In the words of our partner Eric Swenson,…
The government finally issued a bit more guidance on PPP loans for owners who report business income on their Schedule C or on LLC tax returns. This update contains some highlights. Note that these are not…
As we look to the fourth week of our safer-at-home shutdown, the professional community continues to discuss new information regarding the Families First Coronavirus Recovery Act (FFCRA) and the CARES Act. Though our firm has primarily…
Here is a brief fact sheet, released from the government. CLICK HERE to read for yourself.
Just when you think you have it all understood, the SBA issues an update with answers to frequently asked questions … and things change. In the SBA’s set of FAQs dated April 6, Q&A #7 clarifies…
A lot is changing fast. Here are a few updates from Jim and Tony since their podcast with Joe. Some banks are accepting applications for PPP loans, but independent contractors will have to wait until April…
NEW INFORMATION - JUST RELEASED The PPP loan process for small businesses and sole proprietors is set to open tomorrow, April 3, but very few banks are actually ready to process applications at this time (and…
Tony Rose was honored to be a guest on the Genius Network podcast with Joe Polish and Jim Dew discussing the CARES Act and how it applies to businesses. Listen here: Genius Network Podcast This podcast…
Among the many relief provisions passed by Congress in recent days, are loans focusing on small business.
We spent the weekend getting our arms around H.R. 748, the CARES Act. Our summaries and conclusions are included herein. You might need to contact us, or whomever your advisors are, for more particulars and specifics…
The CARES Act was signed into law on March 27. Though not exhaustive, there are things that strike us as worthy of mentioning. There is much more in the bill itself, so you might want to…
The new notice 2020-18 expanded who can take advantage of not paying until July 15. It seems everyone without limitation, even corps are able to delay payments of income tax until then. Note that the 1st quarter…
A friend of mine signed up for hockey lessons last week. She’s 45 and, by her own account, not much of an athlete. When she told me, I raised an eyebrow. “Hockey lessons? You?” She shrugged…
My birthday is next month. I’m not telling you this because I’m fishing for your birthday wishes, though I certainly wouldn’t be opposed to them! That said, what is on my mind more is this… When…
The ability to confront brutal facts can make or break a business. But how do we do that while still respecting the varying perspectives of different players, including partners? This came up for me because my…
Think back to the heroes in your life. I bet you can name a few. I know I can: Dan Sullivan inspired me to think in different ways using elegantly simple tools to approach complex issues…
In 1854 during the Crimean war, a British commander intended to send a light cavalry brigade to prevent Russians from removing guns from defeated Turkish positions. Called the “Light-Brigade,” this cavalry was well-prepared and suited to…
"Don’t let what your competition is doing influence your decisions. You can’t erect a fence to keep the competition out. Besides, they do stupid things sometimes too." This is a quote from a book I’m reading…
One of the most important pieces of advice that I offer as an accountant is this: the financial output of your company is dependent upon the richness of your structural, social, human, and intellectual capital. This…
"To all those who have taken the entrepreneurial leap. This book is a tribute to you.” This is the dedication in Gino Wickman’s forthcoming book, Leap, and it gives me the chills—in a good way. There…