Budgets for Non-profit Organizations
BUDGETS FOR NON-PROFIT ORGANIZATION: WHY AND WHEN To achieve financial sustainability in your non-profit organization, it is essential to understand the role of budgeting. This is when you attach numbers to your goals and build a tool to help monitor your spending. In this article, we will discuss the budget for non-profit organizations and provide […]
Payroll Management
PAYROLL MANAGEMENT Managing Payroll is all about paying your employees and keeping tax revenue agencies happy. Whether you decide to process payroll on your own or to use a payroll service, there are certain issues that you need to decide upon prior to processing payroll. Who will be on the payroll? You interviewed and […]
Payroll Terms
PAYROLL TERMS When you are running your business and focusing on delivering the products and services you set out to deliver, the last thing you need is to deal with all the jargon associated with payroll. Yet having that understanding helps you to know not only what is needed from your employees but also how […]
PPP Loans
PPP LOANS What you ought to know about PPP Loans round 2 The second round of PPP loans is here. $284 billion are approved for distribution. The requirements vary if this is your first time as a small business owner to receive a PPP loan or your second. Here are the requirements you need […]
Profit vs Cash Flow
pROFIT VS CASH FLOW Making profits but cannot see it in the bank account? Clients often ask why I am making $50k in profit but only see $20k in the bank. Where did the other $30k go? To answer this question, it is important to know the difference between cash flow and profit. […]
Why is Cash Flow Important
WHY IS CASH FLOW IMPORTANT When you manage your small business without a cash flow understanding and forecast, it will feel like you are on the right path but not for long. You might not see those dangerous hidden cash flow issues that come creeping on you when least expected.So, do you want to make […]
Impact of Covid-19 on Payroll Services [2020 & Beyond]
IMPACT OF COVID-19 0N PAYROLL SERVICES (2020 & BEYOND) The COVID-19 pandemic has made a huge impact on businesses. And, especially the small ones. It has made many business trends accelerate, which were running at a steady pace before the pandemic started. This has made business owners embrace certain transformations in their internal functions in […]
Child Tax Credit
CHILD TAX CREDIT As part of the administration’s relief efforts to combat Covid19 effect on American families, the administration has provisioned a Child Tax Credit for 2021 that can be received in advance. Nearly 60 million children will receive funds either by direct deposit or by check. How much each household will receive depends on […]
