Posts Tagged ‘SBO’
Jennifer Eubanks Contribution to Forbes Expert Panel: 15 Expert Tips To Help Small-Business Owners Better Manage Financial Risk
Summary of Keypoints Jennifer Eubanks contributed expert insight to a Forbes Finance Council article titled “15 Expert Tips To Help Small-Business Owners Better Manage Financial Risk,” alongside other finance leaders. The article focuses on financial risk management for small businesses, addressing challenges such as tax obligations, overhead costs, economic uncertainty, natural disasters, inflation, and limited…
Read MoreAccounting Outsourcing… Leading the New Normal
Summary of Keypoints Shift in work environment: COVID-19 and widespread work-from-home adoption demonstrated that productivity and business continuity can be maintained without full-time, in-office staff, prompting companies to rethink traditional operating models. Case for accounting outsourcing: As leadership increasingly relies on timely, accurate financial data, outsourcing accounting and finance functions offers access to professional financial…
Read MoreJennifer Eubanks Moderated – Presidential Forum Discussion
Summary of Keypoints Event role: Jennifer Eubanks served as moderator for a Presidential Forum discussion. Discussion topic: The forum focused on top financial considerations for associations in the post-pandemic environment and during periods of rapid or “hyper” change. Audience relevance: The discussion addressed financial leadership concerns specific to associations navigating uncertainty and evolving economic conditions.…
Read MoreEubanks Accounting & Advisory’s Jennifer Eubanks attending Capitol Hill Week to Promote PPP Legislation on June 11
We’re excited to have a direct line of communication with the Members of Congress that represent us. Now more than ever, our small business voices need to be heard!
Read MoreSmall Businesses Suffer with SBA Out of Funds
Summary of Keywords PPP funding exhaustion: On April 16, the U.S. Small Business Administration announced that the $349 billion Paycheck Protection Program (PPP) funds authorized under the CARES Act were fully exhausted, halting acceptance of new applications after just 14 days. Application timing challenges: Several major banks, including Capital One and Wells Fargo, opened application…
Read MoreSBA Issues New Interim Rule – Temporary Changes Impacting Self-Employed and Partnership Access to PPP Loans
Summary of Keypoints New SBA interim rule: The SBA issued temporary changes clarifying PPP loan eligibility and calculation methods for self-employed individuals, sole proprietors filing Schedule C, and partnerships. Self-employed with no employees: PPP loan amounts are based on 2019 Schedule C net profit (line 31), capped at $100,000, averaged monthly, multiplied by 2.5, with…
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 MoreBREAKING UPDATE – Paycheck Protection Act: Where to find a loan, and how much am I eligible to receive?
Summary of Keypoints Purpose of update: The article addresses common questions from small business owners about the Paycheck Protection Program (PPP), including how to calculate eligible loan amounts and where to apply as guidance continues to evolve. Payroll calculation guidance: The American Institute of Advisors (AIaccountant) advised that average monthly payroll costs for PPP applications…
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…
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