April 24, 2020
Charles Lutwidge
Coronavirus Aid, Relief, and Economic Security (CARES) Act promises to help small businesses
Here are relief options of CARES Act (S. 3548) that businesses can apply for right now. With the global pandemic wreaking havoc on the economy, few businesses are unaffected or will remain so. And as is generally the case in...
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April 24, 2020
Charles Lutwidge
CARES Act: Guide for Small Businesses
There are a few programs that small businesses can apply for that were authorized by the CARES Act. In most cases, a business can apply for more than one. Below are the steps for some of the main programs. You...
April 10, 2020
Charles Lutwidge
Pandemic Relief Loans
Pandemic Relief Loans: A Quick Overview What’s going on? In response to the pandemic, the government is providing many types of financial assistance, including low-interest loans for businesses and non-profits. What are my loan options? The two main relevant options...
April 10, 2020
Charles Lutwidge
What is a Bookkeeper?
Bookkeeper Definition A bookkeeper is an individual who maintains company books and makes them correct and accurate. This person helps to protect a business from costly filing errors and helps to keep it compliant with the tax laws and regulations....
April 10, 2020
Charles Lutwidge
What is QuickBooks Payroll Service?
Payroll can be complicated and time-consuming. There is also a possibility of making mistakes that can result in an employee being under or overpaid. Luckily, there is a number of online and desktop software solutions that can simplify the process....
April 10, 2020
Charles Lutwidge
Deductible Expenses
Expenses have a direct effect on how much tax you end up paying, so you want to track all company’s eligible expenses. If there is not adequate support from business records, you cannot deduct even allowable tax deductions. For an...
April 10, 2020
Charles Lutwidge
What is Gross Profit?
Gross profit is the amount of revenue after you deduct the cost of goods. In other words, it is the difference between the Sales Revenue and Cost of Goods Sold. It is important to note that you do not subtract the...
April 10, 2020
Charles Lutwidge
What is Deferred Revenue?
Deferred revenue is revenue that a company received but has not yet been earned. It normally arises when not all the risks and rewards of the sale have been transferred to a customer. Therefore, we classify deferred revenue as a...
