Blog

Are you tired of talking and thinking about the PPP? Because I'm tired of talking and thinking about the PPP.That said -- this program has been a lifesaver for a variety of my Tri-State clients, and it has provided a great shot in the arm for others.And, well ... we...

There has been a lot of recent chatter about the PPP money, who got it, who didn't, and even if some Tri-State companies should pay it back.Well, I have some thoughts on this for you today, but ultimately, you will have to be the one who makes this decision.It's an...

Well, if you were wise, you probably saw this coming.Turns out ... if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible for Tri-State businesses.Ouch.The IRS just released new guidance to this end...

The second round of PPP funding began this Monday at 9:30AM Eastern.This funding was $322B (as opposed to the first at around $349B). The first round of $349B funded 1.6MM business.As for those who were waiting on that first round, the SBA hasn't shared recent...

I promise that one day I'll write to you and my Tri-State area readers about matters other than government aid, the CARES Act, PPP/EIDL, and whatnot.But as we all keep saying: these are extraordinary times. Pick your cliche -- it all fits right now.But here is a piece...

I'd like to simplify things for you today.There is so. much. noise. right now about how to survive (even thrive) in the midst of this very difficult season."Pivot" they say.And yes, if you are running a business, these times call for a bit of a shift. Only a very...

Before I get into some of what we have learned over the weekend about the SBA payroll program, I want to speak to you -- business owner to business owner.To survive in this hour, you will NEED two major qualities: Clarity and Patience.The SBA payroll program offers a...

This is a very important message, and I'd like you to read it carefully.Here at Team Tri State CPAs, we have been walking closely with our Tri-State business owner clients (and many, many new business owners who have been reaching out) to cut through the noise and...

These days are moving VERY quickly, and we are working VERY hard to get communication out to our Tri-State clients and friends.You probably already heard that the CARES Act (the mammoth 880+ page disaster relief bill) was signed over the weekend, and help IS indeed on...

Some huge news is happening for Tri-State business owners, that I'm sure you've heard rumors about, so I wanted to reach out to you quickly with some first-blush details.I also wanted to offer this:If you have business associates or friends who need help ensuring that...

How are you holding up? If you haven't yet done so, please do shoot me a quick note to let me know how your Tri-State business is managing.Depending on the situation, I have lots of ways to help ... some of which I'll give you details about today.I will continue to be...

Congress passed the CARES Act to provide emergency assistance and health response for individuals, families and businesses. The CARES Act is providing 2 Trillion dollars in assistance. I am going to cover two ways you can get money for your business as fast as...