News & Resources

Accounting Methods: Private Companies Have Options

  Businesses need financial information that’s accurate, relevant and timely. The Securities and Exchange Commission requires publicly traded companies to follow U.S. Generally Accepted Accounting Principles (GAAP), often considered the “gold standard” in financial reporting in the United States. But

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The Long and Short Of Succession Planning

  For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But if the

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The Green Book

  On March 31, 2021, the White House released The American Jobs Plan, a blueprint of the administration’s intent to invest in rebuilding the country’s infrastructure and target job creation. The Made in America Tax Plan was released simultaneously as

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SBA Announces Closure of the Paycheck Protection Program

  On June 1, 2021, Small Business Administrator Isabella Casillas Guzman announced the closure of the Paycheck Protection Program (PPP). Since the program was first introduced through the  “Coronavirus Aid, Relief, and Economic Security Act” it has dispersed $798 billion

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Reporting Profits Interest Awards

  During the pandemic, cash has been tight for many small businesses, which may make it hard to attract and retain skilled workers. In lieu of providing cash bonuses or annual raises, some companies may decide to give valued employees

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Small Business Restart Grant

  In April 2021, Indiana announced an expansion of the Small Business Restart Fund (“Grant”) to help accelerate economic recovery activity by supporting Hoosier entrepreneurs and small businesses. The program provides working capital to eligible companies by reimbursing certain expenses

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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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