What is a Business Valuation?

What is a Business Valuation?

A business valuation is a process of determining the fair value of a business for a range of reasons, including sale value, partner ownership, taxation, and is a normal part of owning or running a business.

Do You Need a Business Management Team?

Do You Need a Business Management Team?

There are many components to business management, but there are three primary components that are present in all of them. Those three components are a solid strategic planning function, long-term planning, and effective and efficient cash flow management. All three...

Employee Retention Credit: Qualified Wages

Employee Retention Credit: Qualified Wages

Did you know you can get a tax credit for retaining employees during the COVID-19 economic crisis? In the ERC guidance, the IRS mentions when “Qualified Wages”. Do you know which wages are considered "qualified wages" when calculating the “Employee Retention Credit”?...

IRS Tax Credit: Employee Retention Credit  (ERC)

IRS Tax Credit: Employee Retention Credit (ERC)

The Employee Retention Credit is a fully refundable tax credit for employers up to $5,000 for each full-time employee that the employers retained between March 13 and Dec. 31, 2020 and up to $28,000 for each retained employee between Jan.1 and Dec. 31, 2021 ($7,000...

Second Draw PPP Loan Approved by SBA

Second Draw PPP Loan Approved by SBA

On January 15th, the Small Business Administration (SBA) has begun accepting applications for the second round of Paycheck Protection Program (PPP) loans. To be eligible for a second PPP loan — which cannot exceed $2 million — a business must have 300 employees or...

PPP Update: Tax Implication for PPP Loan Proceeds

PPP Update: Tax Implication for PPP Loan Proceeds

As of December 20, 2020, Congress agreed on stimulus payments to combat the struggling economy in the wake of the Covid-19 pandemic. The Emergency COVID Relief Act of 2020. The new package approved by Congress provides an additional $900 billion to stimulate the...

RISE Miami-Dade Small Business Loan Deadline Approaching

RISE Miami-Dade Small Business Loan Deadline Approaching

In response to the current economic hardship created by the Covid-19 Pandemic, Miami-Dade County has created a new loan opportunity called RISE Miami-Dade. The county created the loan program to help small businesses in Miami-Dade County impacted by COVID-19. New...