News & Resources

Restaurant Revitalization Fund

  The U.S. Small Business Administration (SBA) is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund (RRF), a senior SBA official testified during a Senate Small Business Committee hearing. The American Rescue Plan

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Financial Keys to Securing a Commercial Loan

  Does your business need a loan? Before contacting your bank, it’s important to gather all relevant financial information to prove your business is creditworthy. By anticipating information requests, you can expedite the application process and improve your chances of

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Assessing and Mitigating Key Person Risks

  Auditing standards require a year-end risk assessment. One potential source of risk may be a small business’s reliance on the owner and other critical members of its management team. If a so-called “key person” unexpectedly becomes incapacitated or dies,

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Earn Tax Credits While Growing Your Business

  State and local municipalities are offering valuable tax credits and incentives to companies dedicated to growth. When you are managing a growing business, it can be difficult to find the time to research, apply for and comply with the

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Governor Holcomb Announces New Strategic Alignment

  Indiana Governor Eric J. Holcomb announced a new strategic alignment that will create a tool to bolster the state’s business attraction and expansion efforts. The Indiana Office of Career Connections and Talent (CCT) will integrate with the Indiana Economic

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Forecasting for 2021

  Planning for what lies ahead is an important part of running a healthy business. Forecasting your company’s financial statements can help you manage inventory and other working capital accounts, offer competitive prices, identify impending cash flow shortages and keep

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Indiana Tax Reporting of PPP Funds and Expenses

  As mentioned in our January 18, 2021 blog posting titled, “State Conformity to CARES Act,” many states have not yet conformed or adopted the changes under the CARES Act or the Consolidated Appropriations Act 2021 (CAA). Indiana has “static”

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State Conformity to CARES ACT

  While more than 20 states automatically conform (also known as “rolling conformity”) to federal law changes, the remaining states have either “selective” conformity or “static” conformity where legislation is required to conform to Federal law changes. While the CARES

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State Funding Available for Small Businesses

The Indiana Small Business Development Center (SBDC) announced applications are open for the Indiana Technical Assistance Program (INTAP) through Feb. 15, 2021. This statewide initiative connects small businesses with critical professional assistance to complete growth and improvement projects. Through INTAP,

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Put Your Company’s Financial Statements to Work for You

It’s almost time for calendar-year businesses to prepare their year-end financial statements. If used correctly, these reports can be a valuable management tool. Use them in benchmarking and forecasting to be proactive, not reactive, to market changes. 1. Benchmarking Historical

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