Blog

The U.S Chamber of Commerce’s launches the “Save Small Business Fund”

by Tracey Hrica, EA Apr 20, 2020

Good morning! I just came across this information this morning. I wanted to share it right away, as it goes live today, April 20th,  at 3:00 PM ET. The U.S. Chamber of Commerce launches a nationwide “Save Small Business Initiative” today.  The program has been created to address small businesses' immediate needs and includes supplemental financial assistance in the form of a $5000 grant from the Save Small Business Fund. To qualif...

Show Me the Money

by Tracey Hrica, EA Apr 08, 2020

Most of our small business clients have put in the time and effort, as well as stress, and have submitted applications for the SBA Disaster Loan (EIDL), and most recently the Payroll Protection Program loan (PPP).  Now the question is – Where’s the money? Let’s start with the Small Business Association (SBA). The SBA’s “E-Tram” system, which banks must use to authorize loans, has had nothing but technical problems since Fri...

To Congress, From The Trenches

by Tracey Hrica, EA Apr 03, 2020

We received the following in a newsletter from TaxSpeaker this morning.  We asked them for permission to share this with you as it really sums up the current situation our clients are finding themselves in.  Bob Jennings has been educating tax professionals who service small businesses for over 40 years, and we go to him for most of our continuing education, including live seminars and webinars. We would love to hear your feedback. He...

The CARES Act: Comparing SBA Loan Programs – EIDL and PPP

by Kenneth Hrica, CPA Mar 30, 2020

By now, any business in Maryland, who is in need of funds to get through the COVID-19 crisis, should have already applied for the $10,000 Maryland Small Business COVID-19 Emergency Relief Grant Fund. In an update to their FAQ’s, the grant program states that the business or nonprofit seeking grant funds must also seek longer term funding through its bank, SBA, or other source.  To expedite the application process, we suggest you an...

COVID-19 Emergency Relief Funds in Maryland

by Tracey Hrica, EA Mar 25, 2020

We wanted to update everyone on additional information we have received over the last couple of days concerning emergency relief funds.  We thank all of you who have shared information and resources that you have accessed on your own. First, we want to share some steps you should take prior to applying for relief funds, which we will go into more detail below: Compile a detailed list of ALL of your creditors Rent (Landlord) or Mortg...

Latest Articles

3 Simple Shifts to Make Tax Planning Stress-Free and Effortless

Imagine walking into April, calm and collected, wi...


Are You Busy or Truly Productive?

The Busy Trap: Rethinking Productivity Beyond Busy...


Boost Profits with Smart Pricing Strategies

Smart Brevity Count:554 Words | 2 Minutes "Qualit...


Stress Over Your Small Business Finances Keeping You Awake? Try These Tips

Are you tossing and turning at night, unable to sh...


Five Important Post-Tax Season Actions for Small Business Owners

Just submitted your taxes? A sigh of relief, isn't...