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Payroll Process payroll, File and pay payroll taxes, File 1099 and W2 Reports annually Bookkeeping Actively monitor cash flow and notify of potential fund shortages, Reconcile balances against statements, Daily update of QuickBook, Xero, or other preferred platform...

Overhead Costs Exceeding 30% Spell Disaster For a Small Business

Pre-Covid Operating and Overhead costs should have maxed out at under 30%. Post – Covid Operating and Overhead costs should be reduced to 10% if not completely eliminated. Contactless and Virtual Assistance with every facet of business is the new modus operandi. If...

Change is Coming. Could that work be done from home?

Change is Coming Could that work be done from home?   Once the semblance of normalcy returns, the status quo can shift. In the coming weeks, the workforce will prove day to day operation can continue, regardless of where the employee is. With the freedom of...

Five Things Every PPP Borrower Should Do After Receiving A Loan

The Paycheck Protection Program (“PPP”) is the crown jewel of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act allocates $349 billion to the PPP loan initiative in an effort to stabilize small businesses during the COVID-19...

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