In this article we dive into all the specifics regarding PPP Loan forgiveness and we will continue to advocate on your behalf for forgiveness applications. As the economic consequences from the pandemic continue, we are pressing for more aid at every level of government, especially during this stage when businesses are required to restrict activities. […]
Closing your books every month is an essential part of running a business. Why? It regularly shows you your business’s financial information, explains what areas need to be improved upon, and is all around a great practice to stay in line with financial honesty and accountability. It can also help you make decisions about future […]
After months of logjam from Congress on a possible stimulus deal to prevent Americans from experiencing a potentially catastrophic and prolonged recession, it appears there may be some light at the of the tunnel. Earlier this week, a proposal was put forth by centrist members of Congress for a $908 billion dollar stimulus package. I […]
While Chattanooga has plenty of payroll and benefits companies, many of those have focused on providing services for larger organizations—until now. Southern Payroll & Benefits arose to fill the essential need of human resources services for companies with one to 99 employees, focusing tightly on companies in any line of work with 49 or fewer […]
Successful businesses often rely on time tracking software to help stay in compliance with their employees and the law. Far too often, businesses not accurately tracking employee time are forced to deal with devastating repercussions. In June of 2020, a local plumbing company in Tennessee violated Federal Wage and Child Labor laws. The owners did […]
For growing companies, payroll services are among the most stressful HR responsibilities. As the source of your employees’ livelihood, payroll must be inputted accurately, but the time-consuming process can eat into other tasks necessary for a business to run successfully. Third-party providers for payroll offer a convenient and cost-effective solution. Here’s how their experts can […]
The Paycheck Protection Program (PPP) recently received an extension bill July 4th, offering business owners and self-employed individuals an additional 5 weeks to apply for a PPP forgivable loan (ending August 8th). Roughly 5 million businesses have already received funding; however, there are a large number of people who have still not applied. To date, […]
Every small business owner needs accounting software for his or her company. QuickBooks has remained as one of the most popular accounting platforms for business owners to use today. Product-based businesses with inventory to sell typically use the Desktop version, while service-based businesses and businesses with multiple locations will typically pick the Online Version.
Well, it has certainly been quite the last couple of weeks with the rollout of the EIDL and PPP loan programs. Hopefully, your business has had the opportunity to apply for one or both of these options, and while funding has not yet been disbursed, I know that we are all hopeful that it will […]
Last night, President Trump signed the Families First Coronavirus Response Act into legislation. The Act will require certain employers with under 500 employees to provide emergency paid sick leave for their employees. Our team has gone through this new legislation, and our general findings are below. It is important to note that this is not […]
