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CPA Firm that hopes to use our financial, tax and accounting skills to help clients make the best economic decisions. see www.pellinigold.com.
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PPP was (I think) an attempt to enable employers to maintain relationships with employees so they’d be available upon a reopen. That is, it was meant to pay people who did not work. It was a very good idea. Tye idea of certain non payroll costs being able to be paid with PPP based on a %...
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PPP was (I think) an attempt to enable employers to maintain relationships with employees so they’d be available upon a reopen. That is, it was meant to pay people who did not work. It was a very good idea. Tye idea of certain non payroll costs being able to be paid with PPP based on a % of wages still makes sense if the goal is to maintain the employee/ employer relationship. The non payroll costs should include all fixed costs (Not discretionary or variable) ... Though the treasury list was short, it did cover key fixed costs. The intended benefit has mostly been lost fir businesses that can’t reopen because the US has not been able to reopen and has, to a great extent, been overly helpful to hose who were able to stay open and qualify for the money. A second round of PPP is needed but should be ultra targeted and subject to stricter / easier to calculate conditions. Restaurants and gyms are dying. The ERC program was not available for those who chose PPP. It would make sense that ERC is enhanced and is now made available to businesses who previously had PPP. ERC is available to businesses whose sales were diminished ... full support is offered for those with sales at or below 50% of prior year sales and phased out at 80%. Just my thoughts that I could imagine many disagree with.
Once an incident has occurred is a difficult time to plan and each circumstance is unique.
The key is to recognize that this can happen to any of us and a plan should be in place. Each businesses’ plan can be unique to the business and personality(s) of the owner(s).
One could writers /...
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Once an incident has occurred is a difficult time to plan and each circumstance is unique.
The key is to recognize that this can happen to any of us and a plan should be in place. Each businesses’ plan can be unique to the business and personality(s) of the owner(s).
One could writers / probably has writen a book on this. I am sure you can find more than one. Good financial advisers should be able to help you thorough the development of a plan; which can be less complicated than you may think ... though may take quite some time to develop as it will become part of your core business functionality
Sorry I don’t have time to write the book
Politely discuss payment terms before the sale. Establish the terms including late payment penalties up front ... and confirm in writing in a way consistent with your industry practices.
Enforce it with respect
Don’t sell when a customer / client is in default
You will find those who...
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Politely discuss payment terms before the sale. Establish the terms including late payment penalties up front ... and confirm in writing in a way consistent with your industry practices.
Enforce it with respect
Don’t sell when a customer / client is in default
You will find those who respect you will pay or establish acceptable payment terms
In the long run, those that don’t will break you No sale is better than sales that don’t pay
Time based on rates applicable to appropriate staff. Most clients provide data in different levels of completeness. First year requires a reasonable effort to teach clients their role in keeping fees down.
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Time based on rates applicable to appropriate staff. Most clients provide data in different levels of completeness. First year requires a reasonable effort to teach clients their role in keeping fees down.
Beauty is in the eyes of the beholder. It will affect many in many different ways. It's not fair to generalize. It's no windfall to anyone. The "rich" in California will pay more tax ... those in Florida, Washington state, WY and other "no tax" states should be better off. At least they...
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Beauty is in the eyes of the beholder. It will affect many in many different ways. It's not fair to generalize. It's no windfall to anyone. The "rich" in California will pay more tax ... those in Florida, Washington state, WY and other "no tax" states should be better off. At least they preserved charitable deductions.
I've tried to attaché a multipage summary. If it did not attach, I'd be happy to email it to those who'd like to read it.
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