Posts Tagged ‘COVID-19’
Jennifer Eubanks Featured Article: 15 Ways Businesses Can Survive A Recession
Summary of Keypoints Jennifer Eubanks authored a Forbes Finance Council article titled “15 Ways Businesses Can Survive A Recession,” contributing alongside other senior finance leaders. The article addresses how economic downturns impact even well-run businesses, noting that recessions are often driven by external, industry-wide or global forces beyond a company’s control. It highlights proactive financial…
Read MoreJennifer Eubanks Forbes Feature Article: Four Keys For Successful New Employee Onboarding In A Remote Environment
Summary of Keypoints Jennifer Eubanks authored a Forbes Council article titled “Four Keys For Successful New Employee Onboarding In A Remote Environment,” drawing on firsthand experience during the shift to remote work. The article addresses challenges created by the sudden move to virtual workplaces, particularly the difficulty many organizations faced when onboarding new employees remotely.…
Read MoreJennifer Eubanks Featured Article: Considering Full-Time Freelancing? 15 Important Financial Tips To Remember
Summary of Keypoints Jennifer Eubanks contributed to a Forbes Finance Council article titled “Considering Full-Time Freelancing? 15 Important Financial Tips To Remember,” offering guidance for professionals exploring the gig economy. The article highlights the appeal of full-time freelancing, including flexibility, autonomy, and control over projects, while emphasizing the added financial and administrative responsibilities freelancers must…
Read MoreCOVID-19 and Trade Associations: The Impact So Far
Summary of Keypoints COVID-19 has caused significant financial losses for trade associations, primarily due to cancellations of in-person conferences and events, which typically account for about 35% of annual association revenue. Membership dues revenue has also declined as member organizations reduce expenses, compounding the financial strain caused by event cancellations. Survey data from the American…
Read MoreTax Implications of the Cares Act
Summary of Keypoints The presentation titled “Tax Implications of the CARES Act” took place on December 29, 2020, focusing on tax-related provisions of the CARES Act. Jim Niblock, Senior Manager of Tax Services, and Jennifer Eubanks of Eubanks Accounting & Advisory served as presenters, providing professional insight into the topic. The session was designed as…
Read More4 Tax Provisions CARES Put Into Place You Should Pay Attention To
Summary of Keypoints CARES Act purpose: The CARES Act was enacted to support businesses affected by COVID-19, providing tax-related relief measures beyond stimulus checks and unemployment benefits to preserve jobs and improve cash flow. Net Operating Loss (NOL) changes: Businesses can carry back NOLs incurred between December 31, 2017 and January 1, 2021 to prior…
Read MoreCapital One still not accepting applications for the Paycheck Protection Program
Summary of Keypoints Capital One status: Capital One was not accepting Paycheck Protection Program (PPP) applications while many other banks had launched online application portals. Impact on customers: Businesses banking with Capital One were forced to seek alternative lenders to submit PPP applications. Alternative lenders listed: Forbes published a list of banks and fintech companies…
Read MoreGoogle Tells us Who is Moving Around
Summary of Keypoints Source of insights: Google’s COVID-19 Mobility Reports provide location-based data showing how movement patterns changed across communities during the pandemic. Behavioral trends: The data indicates that people are moving around less and staying home more, reflecting responses to stay-at-home and shelter-in-place orders, though compliance varies. Workplace reality: The report highlights that working…
Read MoreWhat’s the Status of Your Economic Injury Disaster Relief Loan (EIDL)?
Summary of Keypoints EIDL application status: Full EIDL applications with numbers starting with “2” that are marked in review are currently frozen, with no processing timeline provided by the SBA. $10,000 advance priority: The SBA is only processing EIDL $10,000 advances at this time; these applications generate numbers starting with “3” and do not receive…
Read MoreStep by Step Guidance and Application Forms – A Small Business Owner’s Guide to the CARES Act
Summary of Keypoints Primary resource provided: The post directs readers to a U.S. Chamber of Commerce CARES Act step-by-step guide for detailed instructions on how small business owners can access federal assistance. PPP application support materials: It includes downloadable documents to help business owners understand and complete the Paycheck Protection Program (PPP) process. Included PPP…
Read More