What is a Profit and Loss Statement? (And why is it important?)
Download your FREE Profit and Loss Template and Guide here. The Profit and Loss Statement (aka the P&L) is one of the most important financial reports you’ll need to generate for your business. It’s important to note that accountants and other financial...
The Difference Between an Accountant and a Bookkeeper
Accountants and bookkeepers are not the same thing! Read below. It’s very common for new business owners to confuse the difference between an accountant and a bookkeeper. In fact, many people use “accountant” and “bookkeeper” interchangeably, even though they actually...
The PPP and Taxes
Confused by this spreadsheet? Keep reading. It was only a matter of time before the IRS came forward with guidelines for the PPP and taxes. On Thursday of last week, the IRS issued Notice 2020-32, which presents new challenges for business owners as they move forward...
Why You Need a Separate Bank Account for Your PPP Funds
Review, Reexamine, Reconsider Deciding whether or not to open a separate bank account for your PPP funds is something I’ve been asked a lot about. Here is what I have learned in the past month navigating eleventy bajillion PPP applications and sitting in on...
READY TO TAKE THE NEXT STEP IN YOUR BUSINESS?
Download our free Profit + Loss Guide and Template to understand your numbers & dedicate yourself to ongoing financial success.