You’ve certainly heard of business culture before. You’re savvy enough to know that corporate cultures like you’d find at Apple or Trader Joes play a significant role in those companies’ success.
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Small Business (2)
According to Merriam and Webster, Ignorant and Ignore share a root Latin word which meant “to ignore, be ignorant of”. So the Latin word really included both definitions of our words Ignorant and Ignore. Why the etymological lesson? Let me tell you a story.
Have you ever played tennis by hitting a ball against the garage door? It’s not the worst way to practice. If you focus on the right parts of your technique you might actually get somewhere, but playing with a real, live partner who’s engaged in the game is going to take your skills to the next level. This is not too dissimilar from the accounting function in your small business.
If you’re like me, you’ve heard the phrase a thousand times, this isn’t a sprint, it’s a marathon. I didn’t really understand the depth of that phrase until I ran a marathon. For most of us who haven’t ever run a marathon, we interpret the phrase as something like, don’t go too fast, this is going to take a while. Or we think, we’re not going to achieve this overnight. While both of these things are true, they are only partial truths.
Previously I’ve written on 6 Keys to Hire an Accountant, now let’s discuss the different ways you can work with an accountant. There are many things an accountant or CPA can do for you, but we will focus on the ones that pertain to small business owners. Here is a list of services generally offered by tax and accounting services:
Remember February 2020 Pre-Covid? Those good times feel like ancient history.
I will save my commentary until the end about this whole fiasco. The SBA announced yesterday that they are out of funding for the Paycheck Protection Program (PPP) and the advances on the Economic Injury Disaster Loans (EIDL). You did not get your application in, or you did, and you didn’t get any money. Now what?
Paycheck Protection Program or Tax Credits: Which Is Best for Your Small Business in the Time of Covid-19?
Wow! What a whirlwind the last week has been. Congress passed the CARES Act last Friday, and there is a ton in there to digest. For a current summary of all of the provisions, check out our COVD-19 Page. A lot of changes for all business owners, but let’s dig into one that is probably most urgent.