The Paycheck Protection Program (PPP) was created as a result of the COVID-19 pandemic. It is a part of the Coronavirus, Aid, Relief, and Economic Security Act (CARES Act). Many business owners are wondering if they should apply for the PPP loan forgiveness or defer in 2020. PL Consulting has helped many employers apply […]
Should I Apply For the PPP Loan Forgiveness Right Now in 2020 or Defer? Read More »
Financial reviews evaluate your financial position. Since everyone’s tax planning needs are different, each review focuses on what is most important to you. Financial reviews help with future tax planning. This gives you structure in your transactions and minimizes the legitimate amount of tax you pay. Tax planning is a great tool to
January-October Financial Review for Tax Planning: Why It’s Beneficial Read More »
We are quickly approaching the end of 2020. This year many construction companies, small businesses, and restaurants lost money due to COVID-19. The upcoming year is a fresh start for everyone. With these bookkeeping tips, you can stay optimistic and improve your business after the pandemic. Now is the perfect time to sit
End of Year Bookkeeping Tips: Preparing for 2021 Read More »
Creating a budget is one of the most important parts of running your small business. Your budget should be realistic. Match expenses to your expected revenue. Budgeting should allow your small business to expand and grow. It is nearly impossible to run a successful business without a budget in place, so you must
Budgeting Basics for Small Business Owners Read More »