Business planning is at least in part about risk management and risk mitigation. As businesses of all sizes continue to navigate the unique challenges this year has thrown at them, many business owners are dealing with concerns about civil unrest and how such disturbances might affect their operations both immediately…
As we navigate the ever-evolving situation that is 2020, we must not lose focus on the important things. Charitable giving is an important consideration for any business, and for a number of different reasons. Charitable giving can be an important tool financially, socially, and as a component of your company…
Whether man-made or natural, disasters are an unwelcome but inevitable part of life for both individuals and businesses. While a plethora of guides and informative articles exist regarding individual and household preparedness, there are relatively few resources available for disaster preparedness for businesses of any size. As such we’d like…
For many of us, this is the time of year when disaster preparedness moves to the forefront. An active Atlantic hurricane season, wildfire season moving into full swing in California and the Southwest, and a recent earthquake in LA are all indicators that it’s time to start taking disaster preparedness…
Budgeting is a necessary exercise for businesses of all sizes, so whether you’re a gig-economy sole proprietor or a regional business with multiple offices, you’ll want to take the time to ensure your budget practices are good to go. In order to accomplish this, it’s vital to first understand what…
There’s a Zen to budgeting. Budgets are all about balance, finding the right combination of spending and saving to keep your financial house in order, enabling you to do the things you want to do, and save for the future. Keeping a budget may sound boring—OK, we know it is…
With everything going on in the world, it’s easy to forget some of the mundane yet vital tasks most individuals and businesses face. 2020 Taxes are among these; a routine part of life that may get lost in the shuffle. However, even with more dramatic news breaking daily, it’s important…
Risk management is a critical function of any business plan or business practice, and including risk management in both your daily routines/procedures and long term strategy should be part of your mindset. However, as with so many aspects of business ownership and management, many questions may remain. Here we’ll explore…
Retirement planning is a topic of much discussion right now—as it should be. Looking ahead and providing for the years to come should be part of everyone’s financial strategy regardless of the path they choose to do so. In part, this stems from the ever-changing regulations and options around retirement…
Social security is a complex issue, one that for obvious reasons grows more important as we approach retirement age. While all working people are aware social security exists and they pay into it in various ways, there are a great many of us who don’t fully understand how it works….
As the world moves through the uncertainties, challenges, and ultimately the opportunities of the coronavirus pandemic, small businesses everywhere are having to adapt to evolving circumstances. One of the largest pieces of uncertainty is the possibility of a second wave of coronavirus sweeping through. Such a resurgence in infections could…
On June 3, 2020, the Senate passed with bipartisan approval H.R. 7010 Paycheck Protection Program Flexibility Act of 2020. The bill revises provisions associated with the forgiveness of small business loans. The bill establishes a new minimum maturity of five years for the remaining balance of the loan after forgiveness…
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