Small business

The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.

New opportunities and wise practices can maximize the value of your clients’ — or your own — company.

Educating clients with startup businesses on the new regulations can help them provide for employees without breaking the bank.

Startup Breakaway Bookkeeping & Advising is building a network of finance professionals to act as virtual CFOs for small-business clients.

Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.

The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.

The SBA’s form clarifies some issues, but still leaves questions to be answered.

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

Little-known provisions include the economic injury disaster loan program, the employee retention credit and even an option to defer some payroll taxes.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

As soon as the program was announced, I not only advised my small business clients to apply; I also tried to figure out how to take advantage of it myself.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

Can a home equity line of credit offer clients a bridge loan for troubled times? Says one, “I’m going to call those people and rehire them.”

Some clients can get an extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million.

Advisors may find it difficult to connect with the people who need financial help the most.

For years, I helped clients make choices that improved their happiness and work-life balance. Why wasn't I doing the same for myself?

This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.