Perhaps the biggest legacy of the pandemic is the changes it has wrought on “the office.” The simple version of this is, “Back to the office or work from home?” Of course, it isn’t that simple. In fact, it isn’t simple at all but goes to the core many of our businesses. During the pandemic, […]
Archive | Covid-19
ERTC Redux
I want to revisit a topic from last year, including the subsequent results I’ve seen and the controversy that has been stirred up. On August 16th, my blog post touted the benefits of applying for the Employee Retention Tax Credit, which I urged business owners to pursue. It turns out that more that 90 percent […]
More Free Money!
During the pandemic, the CARES Act provided several programs to help businesses. The best known was the Payroll Protection Program (PPP), which had two phases, and was extremely popular. Another program under the CARES Act was the Employee Retention Credit (ERC), sometimes known as the Employee Retention Tax Credit (ERTC). The ERC was nowhere near […]
The Covid Hangover
In response to Covid, the federal government rolled out a number of programs to help stabilize the economy. The most well known was the PPP, or Payroll Protection Program of loans, most of which were forgiven, making them grants. PPP loans probably did protect payrolls and it certainly put a lot of money into business […]
Post Pandemic, Part 2
This is the second part of my thoughts on post-pandemic workplaces, management, company structures and company cultures. Last week I gave you my general thoughts, including my recommended approach to business owners trying to figure out the combination of going back to pre-pandemic norms while adopting new approaches learned over the last 15 months. Briefly, […]
Post Pandemic, Part 1
We’re coming out of the pandemic and it seems to be happening very fast. For business owners, what’s next? The consensus is that the pandemic acted as an accelerant to trends that were already underway. What the pandemic did was accelerate those trends about ten years in the space of about 15 months. To me, […]
This Time of Year
This time of year, we businesspeople are typically working on next year’s budget and year-end tax planning. During December 2020, most of us are adding Covid concerns and PPP Loan Forgiveness to our usual year-end list. Let’s briefly talk about each of these items. Budgets While Covid brought a whole new world for many, and […]
PPP Loan Extension and The Virus is Winning
PPP Loan Extension Most of the questions I’m getting about PPP loans relate to when can one apply for forgiveness. I’ve been telling everyone I don’t know, mostly because I didn’t know. The SBA hasn’t opened their portal to accept Loan Forgiveness Application Forms. But last Friday announced the portal will open August 10th. That’s […]
The Latest on PPP Loans
PPP Loan Forgiveness Update We are now past the point of the eight-week “covered period” for those who received PPP loans early in the process. Many will elect the 24-week period now available as an option, but for those who wish to stay with the eight-week period, it should be time to apply for loan […]
The Pandemic Express—Venturing Out
After months of mostly staying home and working from my home office, we took a family vacation during the last week of June and the first couple of days of July. The idea was to fly to Las Vegas and use that as our jumping off point to visit the national parks of Utah. The […]