The EIDL v. PPP Showdown

“Hey, I’m on this website …….”, “How do I get some of this 350B?”, “If we borrow the money do, we really have 30 years to repay?” “Can I really get money for my business and not pay it back?”, “What do you mean there are two programs? Which one should I take? Why not both?” This is the first in a series of posts about how small businesses can survive and thrive in the age of COVID-19. The Economic Injury Disaster Loan Program (EIDL)/Payroll Protection Program (PPP) comparison was going to be the 2nd or 3rd one. Due to […]

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Year-End Tax Savings Strategies for Business Owners

There are common complaints I hear from business owners. “Why am I paying so much #$*&!@ taxes!” is one of them. “Because you made so much #$*&!@ money!”, is my usual retort. My cracks at humor and the glass half full thing always fail. It makes me chuckle but doesn’t give them what they want. Here are 5 strategies that can help them (and us) pay less in taxes. Strategy 1: Buy things our businesses are going to need anyway, now. Strategy 2: Pay bills that aren’t due until next month, before the end of the year. Strategy 3: Prepay […]

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