Our team has been busy diving into the Paycheck Protection Program (PPP), SBA 504 loan and Employee Retention Credit. Here are our answers to the most frequently asked questions and a free download on which programs you may quality for right now!
The U.S. Small Business Administration (SBA) 504 loan program has been around for a while. However, recently it’s been making the news again because its benefits were significantly enhanced with the Consolidated Appropriations Act, 2021, that was signed into law on Dec. 27, 2020. You may be wondering, who is the program for? What should you be thinking about? What are the benefits? Let’s find out!
The SBA recently released guidance relating to PPP Funding in the 2021 Consolidated Appropriations Act. Watch as one of TGG’s CFOs, Janine Smith simplifies the main points so you can take advantage of this new round of funding and make the best decisions for your business right now.
TGG Founder & CEO, Matt Garrett recently sat down with with Vistage to deliver 8 things that small businesses need to know about the latest Coronavirus Relief Bill. Watch now!
The IRS recently issued a ruling denying Paycheck Protection Program (PPP) tax deductions even if your loan might be forgiven in the future. TGG Founder & CEO, Matt Garrett and one of TGG’s CFOs, Bonnie Howard led a TGG Bonfire Chat webinar where they broke down what this means for your business. Here are the top 10 takeaways.
Most business owners know that keeping up with the financial health of your business will help you succeed. What some business owners don’t always consider is that financial planning, forecasting, and modeling are essential to the growth of all businesses. In order to do all of those things effectively, you need a CFO, but it doesn’t always have to be a full-time CFO!
Millions of small businesses received funding from the Small Business Association (SBA) Paycheck Protection Program (PPP) which has generated even more questions regarding how and when loans will be forgiven. Here is the latest on guidance issued from the SBA.
If you are a small business owner you have likely contemplated whether or not you need an in-house CFO or you would like to outsource your CFO services. This can be a challenging decision, as both options can be beneficial to your business. We’ve put together a list of a few advantages and disadvantages for both to help you decide:
In order for a business to run effectively, it must have structures in place that support financial reporting excellence. At TGG, we have created the TGG Way™ to help small businesses receive the expertise they need to succeed. Every TGG client is assigned a team of four accounting professionals to support their financial needs. Here are the roles we believe contribute to the success of your accounting team:
Leadership is vital to a companies success, especially during times of crisis. Therefore, your leadership team needs to be prepared to make educated, quick decisions for the well being of your business. CFOs have a huge role in the decision-making as they understand your business’ numbers best. How can you CFO help your business move the needle post-COVID and beyond?
Here are a few ways:
Managing a company’s resources can feel like a daunting task for some business owners. The challenge becomes even greater for company’s with a high level of annual revenue and a large customer base to account for — without proper financial management, you could be leaving millions of dollars in value on the table.
When it comes to accounting, a multi-layer structure is critical to provide appropriate internal controls and to produce accurate and timely financials to manage your business. Check out our infographic and click here to read our blog to learn more about each accounting level.