Major Plan Comparisons

My Communications Staff asked me to put together the following to help them answer questions. We are probably the only Accounting Firm in Chicago that has an actual Communications Staff. I’ve always understood that communication in our business is as, or at...

Illinois Unemployment and The New Tax Deadlines

There is one inescapable fact in the middle of this mess. It is the fact that in order to take advantage of The Payroll Protection Program Loan or The Employee Retention Credit, you need to have some money to work with in the first place.   What if you are...

Employee Retention Credit under The CARES Act – Part 2

Employee Retention Credit under The CARES Act – Part 2   This is a continuation of yesterday’s message, to finish our research on the Employee Retention Credit. If you were unable to read it or want to use it as a reference as you go through this new...

The Employee Retention Credit under The CARES Act

The Employee Retention Credit under The CARES Act   I’m sure that many of you have already begun the process of applying for The Payroll Protection Program (PPP) Loan with the Lender of your choice. If anything that I have heard is reasonable, this process...

A Word on Entrepreneuring

I could talk about Paid Sick Leave, Forgivable Loans under The CARES Act, or any of the myriad of details which are so important. But this is Friday, and I think that I will talk about something that is really important.   Today, I am going to talk about you....

Payroll Protection Program

Additional information came out overnight about the Payroll Protection Program.   A fact sheet was posted on The Department of the Treasury website. I have included some of the highlights.   What will you need to apply?   Yesterday’s communication...

The SBA Lending Programs

Today I offer more information on The SBA Lending Programs   The $2 Trillion CARES Act is fine and wonderful, but in most instances, it only scratches the surface of what Entrepreneurs actually need. What if you aren’t looking for something that will...

More on the $2 Trillion Stimulus Act

As you may have heard, The $2 Trillion Stimulus Act was passed by Congress and signed into law by our President over the weekend.   Information about this unprecedented action by the Federal Government to keep our economy moving is still rather sketchy. It is an...