by Pedro Gonzalez, CPA | Jan 8, 2021 | Business Consulting, CARES Act
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pockets if you have or had PPP money. Before we go further, please note the PPP money comes to you in what appears to be a loan. We say “appears” because you...
by Pedro Gonzalez, CPA | Nov 19, 2020 | Business Consulting, CARES Act, Tax Planning & Preparation
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing desperately needed guidance on the timing issues related to Paycheck Protection Program (PPP) loan forgiveness and the deductibility of the related PPP expenses. Since May 2020...
by Pedro Gonzalez, CPA | Nov 17, 2020 | Business Consulting, Business Planning, Cash Flow
Financial forecasting is the process of predicting the future outcome of economic, marketing, and financial trends. It is the process of estimating or predicting a business’s future performance. The financial prognosis obtained through the financial forecasting...
by Pedro Gonzalez, CPA | Nov 6, 2020 | Business Consulting, CARES Act, Cash Flow
Are you one of the millions of businesses that have an outstanding non-disaster Small Business Administration (SBA) loan? These include: 7(a) loans: general small business loans of up to $5 million, 504 loans: loans of up to $5.5 million to provide financing for major...
by Pedro Gonzalez, CPA | Jul 12, 2017 | Business Consulting, Entrepreneurship, General Business
During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral....
by Pedro Gonzalez, CPA | Jul 6, 2017 | Business Consulting, Entrepreneurship
Summer is a good time to do some pruning on your business. Now is the time to recharge some of the areas of your business that may have been neglected recently. While you have been able to get away with a few loose ends and haphazard processes, to stay competitive...
