|Finance: Creating a Year-End Review
For small businesses, doing an end-of-year review is important to understand the impact of the pandemic on their businesses. Business.com explains how to create an end of year review, and how to use it to benefit your business. The review includes charitable giving, financial milestones, and major anniversaries. Include both your biggest accomplishments to inspire employees and customers alike, but also failures to increase accountability for the next year. Once created, the review can be disseminated to share with employees, customers, and social media.
PPP 2021: What Small businesses need to know
The new Covid-19 relief bill passed last week includes funding for revamps of the PPP program. First, the Act allows new PPP loan applications to be submitted by eligible applicants that never obtained a PPP loan. Second, the Act permits some businesses that have already obtained a PPP loan to obtain a second PPP loan, called a "PPP second draw." Third, the Act changes PPP rules—for existing PPP loans, new PPP loans, and PPP second draws—in the areas of eligibility, allowable expenses, forgiveness, and more. Read more about how these changes may impact your business from the National Law Review.