PPP Loan Forgiveness was supposed to be in full swing by now except the SBA has yet to process any applications (https://www.washingtonpost.com/business/2020/10/01/ppp-sba-loans/). Over four million loans were given and processing the forgiveness of those loans could take a long time.…
Today is the first day you can offer your employees a FICA (Social Security, 6.2% of wages) tax deferral. Please note, this is a deferral, not an exemption. The tax will still have to be paid unless a law is…
If you received a Paycheck Protection Program (PPP) loan to help your business survive the coronavirus pandemic, hold your loan forgiveness applications. The Small Business Administration (SBA), the group coordinating the program, has told lenders that they will not be…
Good news for New Mexico businesses: New pandemic recovery funding is available! This morning the New Mexico Alternative Funders hosted a timely program, Small Business Recovery Loan Fund: Eligibility and How to Apply, with speakers Daniel Schlegel, Small Business and…
Two ways to make and preserve cash in the new normal My cousin tells the story about our grandpa saying, “I was drafted for WWI, was to report for duty and then received a letter of cancellation...due to the flu.”…
The Four Phases of Negotiation – Part 1 All of us find ourselves in difficult situations from time to time. We need to mitigate the consequences of some sort of trouble or we need someone else to do something for…
The Four Phases of Negotiation – Part 2 In my previous post, I walked you through the first two phases of negotiation: ask and convince. If your actions in those two phases hasn’t gotten you the results you want. It’s…