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Paycheck Protection Program: Round 2

 
 
Updated 1/12/2021
If you haven't heard, Sunday night President Trump signed into law the $900 billion COVID-19 relief bill "Consolidated Appropriations Act" which provides $300 billion in support for small businesses and an opportunity to apply for a second PPP loan (or first loan if you missed the first round of PPP loans). This also includes Sec. 501(c)(6) not-for-profit organizations that were not able to apply previously.
 
According to a report by the SBA , accountants played a significant role in assisting small businesses with securing $525 billion in forgivable loans over 5 months the application was open for PPP1. Our companion business BRW Tax & Accounting is thrilled to have been a part of that and helped so many of you! Now is our opportunity to support the small business community again with the "PPP2".
 
Guidance and regulations have not been issued yet, but the SBA must provide regulations within 10 days of the...
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Fighting Evils with Crisis Management

How HR Superheroes Save the Day!  

Have you ever heard of the term “superheroes?” I bet you have, and they are all around us. Our favorite superhero is the HR superhero.  HR superheroes may not have a cheesy costume suffocated in tights, profoundly hidden talents to ward off bad guys, or amazingly untouched hair after a long battle, but what they do have are their fair share of small business issues that they take on head first.

One issue that has been heavy on the minds of many small business owners is crisis management, such as the COVID-19 pandemic. The pandemic has hindered millions of employers and their employees around the world, carving its path and making its mark as it goes down in history. However, HR advisors combat many crisis situations, such as this one, making them a vital resource for all companies big and small. Crisis management is often associated with risk and safety, but HR is also the hub for managing uncertainty. They understand the...

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