Congress passes Paycheck Protection Flexibility Act

Changes are now underway for the Paycheck Protection Program, altering criteria for business owners to be eligible for loan forgiveness. The Paycheck Protection Flexibility Act makes a number of retroactive improvements to the PPP forgiveness criteria, including extending the time borrowers have to spend the funds, increasing the percentage of loan funds allowed to be […]
‘Think’ about making an estate plan now to protect your heirs later
“You better think.” The unmistakable lyrics sung by Aretha Franklin are words to the wise, but sadly, Franklin herself did not take this advice when planning her estate. Consequently, her heirs may be on the hook for a significant tax bill, not to mention the possibility of years of very public legal battles. While most […]
You’ve frozen your credit but you need a loan. Now what?

There’s bad news about the Equifax security breach, and then there’s more bad news, particularly for those looking at pursuing financing loans in the near future. The bad news is the most obvious: As a result of a security breach at Equifax, one of the big three credit bureaus, personal information of 143 million Americans […]
The cost of convenience: Audits required for high-volume credit card transactions

As more customers pay with credit cards, restaurant owner/operators will face tighter scrutiny – and higher costs each year. Ownership entities that have more than 1 million credit card transactions a year must comply with the Payment Card Industry Data Security Standard (PCI DDS) that, among other things, requires an annual audit. The purpose of […]