Category: Business

PPP Plan Update

Written by June 4, 2020

Congress has just passed the Paycheck Program Flexibility Act of 2020. This new Act eases some restrictions on PPP loan funds: Specifically, the timeline has been extended from eight to twenty four weeks. The portion of the loan that must be used on payroll has been reduced to 60% from 75%. The unforgiven portion of the loan has been extended from...

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Take It To The Bank

Written by May 15, 2020

Make the most of your banking relationships When the Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) rolled out this spring, many small business owners who didn’t have an existing relationship with a bank or other lender found themselves unable to apply for these federal loan programs. The COVID-19 pandemic has highlighted the importance of having an established...

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The Second Round of PPP loans are here

Written by May 4, 2020

If your business was open on or before February 15, 2020 and has 500 or fewer employees or independent contractors for whom the business paid salaries, compensation and payroll taxes, you qualify. Businesses with more than 500 employees are eligible in certain industries. One such example is the hospitality and food sectors that have multiple locations. These companies can have...

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The Rumors of my Retirement are untrue

Written by July 12, 2018

Recently, it has come to my attention that many folks feel that I have merged D.E. Rodrigues and Company with Jardim and Marotta in order to retire. This could not be further from the truth! Neither myself, Rose Jardim , nor Christie Marotta plan to retire or sell our practices in the future. The offices are also not being moved...

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Want a successful business? Delegate

Written by April 11, 2018

It’s easy to get in the mindset that if you want things done the right way you have to do them yourself. But that isn’t always the best approach at work, even if you firmly believe you’re the best person for the job. There simply isn’t enough time in the day, especially if you have a business to run. Limke...

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Is your business susceptible to payroll fraud?

Written by January 5, 2018

Unless a small business owner handles all aspects of computing and paying payroll, there is room for fraud. Even if your company has only a few employees — it does not guarantee your funds will be safe.   How payroll fraud happens Perhaps one of the easiest payroll fraud techniques is the overpayment of withholding or payroll taxes. Your bookkeeper...

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Remember, local is not always local-Know the difference

Written by December 26, 2017

Not all CPA firms are alike! Pay attention to the details when deciding. One firm in our area claims to be the largest firm in the area. That firm is part of a national firm whose headquarters are in the Midwest,  whose partners are local. Therefore, their structure is nothing more than a satellite office of a much larger firm; whose operations...

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Why do I need a business valuation?

Written by August 3, 2017

This is a question I am often asked. The basic reason why you would want to value your company would be for two good reasons; you either are in a multiple partner business and it is part of a buy-sell agreement or if you are in fact ready to sell your business. In either case, you will need to determine...

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