Genesis 21

10/06/2021

SBA has launched a website to request forgiveness directly. Before using this website, you'll need to be sure your lender is participating in the direct forgiveness program.

This portal is made available by the US Small Business Administration to streamline forgiveness processing for PPP Borrowers. After registration, you may use this streamlined process to automatically submit your forgiveness request to your lender.

03/03/2021

Hot off the press!! Updated rules for sole proprietors. This means that sole proprietors can qualify for larger loans.

02/17/2021

It's that time of year. Here is some useful information on choosing the right tax preparer. Good Luck.

Protect yourself by choosing a paid tax preparer with a professional credential or other qualification. To get started, go to https://www.irs.gov/chooseata...

03/02/2019

Some good advice from sba gov

Calculate your business startup costs before you launch
The key to a successful business is preparation. Before your business opens its doors, you’ll have bills to pay. Understanding your expenses will help you launch successfully.

Calculating startup costs helps you:

Estimate profits
Do a breakeven analysis
Secure loans
Attract investors
Save money with tax deductions

02/26/2019

An in depth look at small business accounting and finance begins tonight at the EPCC SBDC, Small Business Management Institute.

02/20/2019

Good Small Business Stats from SCORE.

02/20/2019

Some helpful illustrations from SBA.gov to show the difference between hiring an employee or independent contractor.

Independent Contractors

02/16/2019

Disaster preparation is an important part of administration.

05/12/2017

Starting a new business takes can be exciting but also takes some skill and understanding.

05/12/2017

Summer SBMI is right around the corner. Starts May 23, at the EPCC ASC. 6:30 p.m. to 8:30 p.m. End August 10.

11/16/2016

This analytical tool can mean the difference between success or failure.

Breakeven analysis is used to determine when your business will be able to cover all its expenses and begin to make a profit. It is important to identify your startup costs, which will help you determine your sales revenue needed to pay ongoing business expenses.

11/16/2016

Financial Projections are critical to understanding the cost of your new business.

You should develop the Financial Projections section after you've analyzed the market and set clear objectives. That's when you can allocate resources efficiently. The following is a list of the critical financial statements to include in your business plan packet.