On January 11, 2021, the federal government rolled out the new version of the Paycheck Protection Program to further help small businesses survive the COVID-19 crisis. If you’re a small business owner in Nashville looking for funding to support your business, consult your accounting firm immediately to find out if you’re eligible for the program
Consult Your Accounting Firm About the New Round of PPP Funding Read More »
In applying for a loan for your business, lenders, and creditors will ask for your financial documents, such as a profit and loss statement, cash flow statement, balance sheet, and so on. These help lenders assess your creditworthiness and your ability to pay back a loan. Most lenders in Nashville require financial statements to be
Why You Need to Have Your Financial Statements Audited by a CPA Firm Read More »
If you’re a small retail business owner in Nashville and have experienced difficulty due to the coronavirus pandemic, you’ll be happy to know that you can expect business to pick up leading to the holidays. According to a study made by Visa, around 86% of Americans plan to do their holiday shopping this year, and
CPA Advice to Retailers On Bouncing Back This Holiday Shopping Season Read More »
Businesses in Nashville can greatly benefit from using QuickBooks. It’s the most widely used accounting software in the world today, and is especially popular among small to midsize companies without an inhouse accounting staff. Training and support on its use may be provided by a highly qualified accounting firm with a Certified ProAdvisor designation. What
QuickBooks: A Useful Tool that Complements Accounting Firm Services Read More »
Many small business owners in Nashville are struggling to keep up with their rental payments as a result of business slowdowns during the pandemic. If you’re in the same predicament, consult your CPA firm about the actions you can take and explore all options that may be available to you. In September 2020, the Center
Nashville CPA Firm Advice: Negotiate Your Lease with Your Landlord Read More »
Small businesses in Nashville who need funding as a result of the coronavirus pandemic may find assistance in the Tennessee Small Business Relief Program. Funded by the federal Coronavirus Relief Fund, the program is open to distributing around $83 million to qualified enterprises. This amount is added to the original $200 million fund earmarked to
Ask a Nashville CPA About the Tennessee Small Business Relief Program Read More »
In July 2020, just a few weeks after Nashville started reopening the economy, the White House recommended that the city and other COVID-19 “red zones” in Tennessee adopt tighter restrictions, including closing businesses. For small entrepreneurs in the city, this means the road to recovery may take even longer than expected. With this new development,
As COVID-19 Crisis Rages, Ask Your Accounting Firm About Your Options Read More »
Undoubtedly, nonprofits play an important role in Nashville’s economy. In the wake of the COVID-19 pandemic, however, they’re more likely to get left by the wayside due to a number of factors. In addition to being a health crisis, the pandemic has also resulted in a financial crisis, limiting many donors’ ability to give to
Nonprofits: Finding the Way Forward from the Pandemic With a CPA Firm Read More »
If you’re one of the small business owners in Nashville who received a Paycheck Protection Program (PPP) loan under the government’s CARES program, it’s important to make sure you fully understand what you signed up for to avoid unpleasant surprises down the road. Don’t hesitate to consult your CPA if you’re unsure about anything related
Be Guided by Your CPA in Thoroughly Understanding Your PPP Loan Read More »
On April 16, 2020, Tennessee Governor Bill Lee announced plans to reopen the state sometime in May, more than a month after he issued stay-at-home orders to mitigate the spread of the COVID-19 virus. Although the guidelines for the reopening are still being planned, it would be wise for business owners to start preparing for
Tips from a Nashville Accounting Firm on Rebooting Your Business Read More »
