More than two months ago on LinkedIn I posed a summary of the problem that Wells Fargo small business clients were locked out of the PPP program. I don’t know why so many small nonprofits use Wells Fargo, but they do. As an agent who handles transactions for several of these, it was perplexing. An […]
I represented nine small businesses attempting for federal aid through the Paycheck Protection Program this past month. The circumstances and timing of applications vary. Some are for profit businesses and some are 501(c)(3) nonprofits. I am applying as an owner, authorized representative, controller for some of the businesses. Others I am acting as accountant assisting […]
Self-serve Options It seems that some of us were given inaccurate information about the ability to update personal bank accounts for the purpose of the Economic Impact Payment. As of today, this is what is posted on the IRS web page: “If we don’t have your direct deposit information from your 2018 or 2019 return […]
Almost nothing went right in the launch of the Payroll Protection Program over the past two business days. The best advice is to keep trying and don’t give up. Don’t forget what’s happening on a state level. The state programs quickly oversubscribed but today but more relief is likely. If you are sweating bullets to […]
Beginning next month, PayPal will no longer be available as a payment method when paying an invoice through QuickBooks Payments. This is significant to me (and many other small businesses) because I do most of my invoicing through QuickBooks Payments and make most of my payments through PayPal. Suggestions for other options? We will review […]
I see evidence that some electronic payment processors are charging small business service providers even when no tax is due.
I’d love to discuss how your business can pay bills more quickly, with better management control and at a lower overall cost. Please the chat box below or the scheduling link to make an introduction. Businesses routinely pay vendors as part of normal operations. We commonly refer to our requirement to “pay the bills”. There […]
Some of my primary client groups depend heavily on cash transactions. The seafood and farming industries in rural southwest New Jersey, for example, are almost entirely run on cash. There isn’t a bank branch in our rural township; the closest bank is a 20-30 minute drive each way. Also, parts of our are do not […]
I often hear comments that you can’t get a bank account or credit card processing for a marijuana related business (MRB). That is just not true. Peer CPAs on the west coast have reported success in building baking relationships for their clients and we are sure that this trend will expand eastward. What is true […]
Bill.com is a market-leading software that automates tedious tasks, gets you paid faster electronically, and integrates with your accounting software to fit your workflow. I started using it last year and passed the expert certification program today. For a demonstration of how this technology can save time and money for your firm throughout the year and […]