Tech Trends for Small Business to Watch in 2021

Tech devices and icons connected to digital planet earth

This article discusses and outlines seven different technology trends to watch within the small business industry. Specifically, these trends are designed to improve software, automation, and machinery functionality. Artificial intelligence-powered chatbots and CRM, streamlining HR work, 5G, and voice-activated payments are all expected to have a significant impact. Be sure to check out this link […]

Credit and Debt Collection Strategies Your Business Can Implement

Set of color credit cards on wooden table

This article discusses and emphasizes the importance of having and implementing the most efficient debt collection process possible. Providing services to your client before payment is often a risky but necessary part of doing business. Implementing strategies such as invoice date, contact information, and obvious total invoice values can help ensure that your business gets […]

Estate Planning Techniques During COVID

Senior couple planning their investments with financial advisor in living room at home

This article discusses how the COVID-19 pandemic has resulted in low interest rates and depressed asset values, creating a very unique opportunity for estate planners. Specifically, this article outlines five different strategies to consider utilizing during this time. For example, annual gift tax exclusion, gifting interest, annuity trusts, and intra-family loans are all topics that […]

Keeping Your Company Grounded During a Crisis

Businesswoman stops a chain fall like domino game. Concept of preventing crisis and failure in business.

This article discusses and emphasizes the need for all businesses to be able to adapt and pivot in the right direction, especially during a crisis like the Coronavirus pandemic. Some tips that are outlined are the ability to strategize quickly, supporting company morale, staying grounded, and preparing for a future crisis through risk management. No […]

IRS Deadline Change

As you may have heard, the IRS is moving the April 15 deadline for this year to May 17 giving taxpayers a few extra weeks to complete their returns. This extension only applies to individuals filing Form 1040. This automatic extension does NOT apply to 2021 Q1 estimated tax payments that are due April 15, […]

American Rescue Plan Act

The American Rescue Plan Act (ARPA) was passed by the Senate on Saturday, March 6 and in the House on Wednesday, March 10. The $1.9 trillion relief bill was signed into law on Thursday, March 11. Read on for details on the provisions included in the ARPA. Individual Stimulus Checks Estimated portion of the stimulus […]

Changes in the PPP Program Working Better This Time Around

PPP Paycheck Protection Program as SBA loan written on the mask and money.

This article discusses how the Small Business Administration has made significant changes when comparing the first round of the Paycheck Protection Program (PPP) and the most recent program. Specifically, the SBA stated that “The changes aim to speed up the flow of funds to PPP applicants while maintaining the integrity of the program.” These changes […]

Changes to the New PPP Attempt to Aid Small Businesses

LOAN AGREEMENT CONCEPT

This article discusses some of the key changes the Biden administration is making to the application process of the paycheck protection program. Specifically, Monday started a two-week period in which only businesses that have less than 20 employees are able to apply for the loan. Additionally, changes to the loan calculation formula are going to […]

Keys to Successful Change Management in Family Business

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This article discusses how important family businesses are to the economy of the United States. However, “70% of family businesses last just one generation before they either fail or are sold.” Succession planning can be difficult at times, but implementing strategies such as narrowing your target, taking a step back, and measuring everything can prove […]

What is Business Identity Theft and How to Avoid It

Button locked shield security virus business online

This article dives deep into the concept of business identity theft, as well as preventive measures that you can take in order to reduce the potential fallout. For example, one piece of advice is to “hire forensic accountants to look at your books…and frequently.” Along with bringing on a forensic accountant, investing in security can […]