Business Consulting
Paycheck Protection Program (PPP) Amended to Include Businesses with Less than 20 Employees
A new policy directive from the Biden administration qualifies a whole new set of businesses for Paycheck Protection Program (PPP) Loans. In the past, if you operated your business as a sole proprietorship, or employed less than 20 workers, then the old PPP standards left you out. Not anymore. For limited time only, the Small […]
Second-Draw PPP Loans – Who Qualifies & How to Apply
Update 3/31/2021: The application deadline for both first and second round PPP loans has been extended to May 31st, 2021, giving business owners two extra months to apply. The U.S. Small Business Administration (SBA) has officially opened its doors for the second round of Paycheck Protection Program (PPP) Loan applications. As we’ve covered previously, PPP loans […]
6 Essential Steps to Starting Your Own Business
The fallout from the COVID-19 pandemic has left millions of Americans unemployed, wondering what comes next. But what if you could turn this setback into an opportunity? That’s exactly what over three million Americans are doing by starting their own businesses. In 2020, Americans are starting their own businesses at the fastest rate in a […]
Boxelder Consulting’s Complete Guide to PPP Loan Forgiveness
What is the PPP The Paycheck Protection Program originated as part of the CARES Act, which was signed into law on March 27. The initial $350 billion was depleted within a month, after which Congress replenished the bill with an additional $310 billion under the “Paycheck Protection Program and Health Care Enhancement Act.” Here are […]
The Entrepreneur’s Guide to Taxes
Entrepreneurs: What You Need To Know About Taxes (Sports Edition) Being an entrepreneur is an inherently risky (high risk, high reward) and stressful professional path; the financial stakes are often very high and it can require longer than usual hours and effort to be successful. Add in a lack of familiarity with business taxes and […]
How to Budget for a Small Business
How to Effectively Budget for Your Small Business Congratulations! You have either started or taken over a small business, not a simple task in its own right. Now what? You want to ensure the future success of your new endeavor, and one of the key components is a well thought out and complete budget. Why […]
Choosing the Right Business Structure When Starting a Business
Estimated Reading Time: 5 Minutes So you have decided to start a new business. You have your business plan and have arranged for the necessary financing. The next critical step that a business owner needs to take is to select the type of entity to use to operate the business. Choosing Your Business Structure There are […]