The Senate passed H.R. 7010: “PPP” Flexibility Act of 2020

HR 7010 which passed the house last week, passed the senate unanimously and now its on to the president to sign it into law. You may have missed last week’s blog which I posted after this bill passed in the house with some “notes” based upon the House and Senate versions that blog post can be viewed here. This updated version now goes to President Trump to be signed into…  Read more

COVID-19 Business Update – 3 June 2020

Resources to Help You Survive – and Thrive – During the COVID-19 Pandemic Now that some states are lifting lockdown restrictions, retailers whose offerings differ by the season are having an especially challenging time with reopening. Many were not able to fully restock their stores with spring items before they had to shut down, and have warehouses and stores full of items that no one wants now. Restaurants are also…  Read more

“I Got an Offer for a SBA Loan Now What Should I Do?” …

I clicked on the email from disastercustomerservice@sba.gov and was a bit surprised that they were inviting me to set up my portal so I could continue my SBA Economic Injury Disaster Loan Application. I said to myself “I got an Offer for a SBA Loan Now What Should I Do?” then I said to myself this is an opportunity and I should approach this as I would any other opportunity…  Read more

H.R. 7010, Paycheck Protection Program Flexibility Act of 2020 Passes in the House

On May 28th The House passed the Paycheck Protection Program Flexibility Act of 2020 with nearly a unanimous vote of 417-1.  The official text of the Bill H.R. 7010 is posted here The bill is intended to make the terms of use for the PPP funds more flexible, as many businesses are still prohibited from opening and many employees are reluctant to return to their workplace.  This expansion is NOT…  Read more

Friday Morning Briefing, Consider a Different Way of Funding Small Business…

At the onset of the debates and proposals for the stimulus packages, the C.A.R.E.S. Act, PPP & EIDL Loans one of my friends told me about the system some European countries use to support business in times of mandatory shutdowns. It sounded pretty straight forward and she said it accomplished what most economists were saying we needed; a way for employees and businesses to continue paying their bills during the…  Read more

COVID-19 Business Update – 20 May 2020

Resources to Help You Survive – and Thrive – During the COVID-19 Pandemic The COVID-19 pandemic has impacted nearly every part of the economy. According to a survey by the Census Bureau, 75% of all small businesses in the U.S. have applied for a loan through the Paycheck Protection Program, but as of May 2, only 38% had received funding. For unknown reasons, businesses in some parts of the country…  Read more

The Morning Briefing and Sharing Today’s Beautiful Sunrise

Every country around the world has its own strategy for dealing with the COVID-19 pandemic. Some countries, like Sweden, are relying on the development of “herd immunity.” However, that approach is not without risks, and shouldn’t be adopted by other countries without consideration of those risks. On the other end of the spectrum, New Zealand effectively eliminated coronavirus. Like Sweden’s approach, New Zealand’s won’t work everywhere. Here in the U.S.,…  Read more

A New Normal Mother’s Day, Office Safety Protocol & Your Morning Briefing…

I spent my mother’s day morning with a friend on a plant buying expedition Mother’s Day Greenhouse Plants garbed in gloves hats, masks and glasses and as we practiced social distancing while meeting other gardening enthusiasts at the Brooklyn Terminal Market. I know others who hosted mother’s day dinners via video chat software or FaceTime. It was not quite “business as usual” but it was good to be out among…  Read more

Bank PPP Loan Emails, Open at Your Own Risk…

Posting this a bit later in the day, I wanted to make sure that I had the most up to date information to share. I have attended 3 webinars today, including a U.S. Chamber of Commerce Town Hall meeting where the discussion was focused on potential additional funding for both the Paycheck Protection Program (PPP) and EIDL, other small business grants. “The PPP is out of money:  On Thursday morning,…  Read more

The Morning Briefing and New News on the PPP Loan Calculations…

In this video, I talk about how the Economic Injury Disaster Loans & Emergency Economic Injury Grants can help your business. I remember the joke that “Ask an accountant how much is 1+1”, and they say “what would you like it to be”.  It sounds like the new Non-Joke “what is my average monthly payroll cost” and we say “what day is it” … Please watch my video, which I…  Read more

COVID-19 Weekly Update – January 13th 2021

The COVID-19 pandemic may have an economic impact far beyond last year and the next two or three. A recent report by the World Bank projects global economic growth to slow to 1.9% per year from 2020-2029. Prior to the pandemic, growth was projected to be 2.1%, down from 2.5% over the previous decade. Investments in infrastructure, diversifying economies and supporting the employment of women may help to mitigate or reverse that…  Read more

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