Whether you like it or not, you’ve most likely found yourself in a fight against inflation. Somebody hikes prices on your supplier and suddenly your supplier has no choice but to increase the price on you. Then you have no choice but to raise the price on your customer – who (even if they don’t…
Re: 1099-MISC late filing Business owners and Rental Property Clients, please be aware that a form 1099-MISC must be filed with the IRS and given to any non-employees to whom you paid at least $600 or more during the tax year. The only exception applies to Corporations. Please understand that an LLC is not necessarily…
A week past the election, and still plenty of disagreement about the results. That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games … while you go about quietly building your Hampton Roads business, your team, and your financial…
These days are moving VERY quickly, and we are working VERY hard to get communication out to our Hampton Roads clients and friends. You probably already heard that the CARES Act (the mammoth 880+ page disaster relief bill) was signed over the weekend, and help IS indeed on the way. But there are so. many.…
2021 is hurtling at us, isn’t it? May it ever come sooner. Well, except for this part: I’m here to remind you that while we can (and, often, do) do wonders with “after the fact” tax return information, the best work we can do for you and your Hampton Roads business is to help you…
Some huge news is happening for Hampton Roads business owners, that I’m sure you’ve heard rumors about, so I wanted to reach out to you quickly with some first-blush details. I also wanted to offer this: If you have business associates or friends who need help ensuring that they receive ALL of the benefits available…
From making sure that nobody is doing Zoom calls in their bathrobe to ensuring that work actually gets done on time, you’ve got a few extra things to worry about as a Hampton Roads business owner these days. Chief among those new concerns, however, should be cybersecurity. Cybersecurity steps are one of those painful, annoying topics…
And the books turn over. As we step over the threshold into 2022, we’re all staring at much lower numbers in our P/L’s. It’s a new slate, and the possibilities are endless. What will you do in 2022? That’s the question of the hour … and it has much less to do with outside circumstances than…
Doing business in the summer of 2020 sure ain’t easy. I have Hampton Roads clients all over the spectrum — some whose businesses are on their last legs because of social restrictions and lockdowns, some who are hanging steady, and some who have found ways to grow. Many have taken advantage of the Paycheck Protection…
At the end of last week, the House approved the Senate’s action of extending the PPP loan availability for 5 more weeks, and the President signed it shortly thereafter. This means that approximately $129 billion in remaining PPP funds can be tapped by Hampton Roads businesses who have failed to do so yet. This program…