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6 Easy Ways Your Business Can Give Back Right Now

Posted by Celene Robert to Business Advice, Startup Tips, Coronavirus

 

Giving back—it’s good for the world and it’s good for business. And there’s never been a more important time to do it.


The COVID-19 pandemic has affected all of us. Right now, millions of people are grieving loved ones while living in fear and struggling to stay afloat—physically, mentally, emotionally, financially. They’ve lost jobs, homes, businesses, and savings. Between food shortages, long periods of isolation, and a burgeoning global economic catastrophe, the present is dismal and the future looks bleak. It’s safe to say that this is the worst crisis of our lifetimes—and it could be months or even years before things get better.

6 Tips For Entrepreneurs To Save Money During Coronavirus

Posted by Rae Steinbach to Business Advice, Startup Tips, Coronavirus

 

Ensuring your business thrives financially doesn’t merely involve taking steps to boost revenue. It’s also important that you reduce costs whenever possible. This is particularly important during the COVID-19 pandemic. Many businesses are under significant financial strain right now. Yours will be more likely to weather the storm if you optimize your budget accordingly.


You probably know this. However, you might not know how to cut costs more than you already have.


The following simple ways to cut costs will help. Consider them if you’re trying to think of new ways to reduce spending.

Watch Out for 4 Financial Challenges Businesses Face When Going Virtual

Posted by Celene Robert to Business Advice, Startup Tips, Coronavirus

 

If you’re reading this article in 2020, there’s a good chance you’re reading it at home.


We’re witnessing a radical shift in what “the office” means. Practically every non-essential business that has survived into April has gone virtual. Rather than working in shared physical locations, millions of people are doing their jobs remotely. They’re still communicating, collaborating, planning, strategizing, inventing, researching, developing, designing, selling, servicing customers, and more—but they’re doing it from their personal desks, dining tables, basements, garages, and bedrooms.

[Webinar] Tips & Advice for Businesses During Coronavirus Outbreak

Posted by Celene Robert to Business Advice, Business, Startup Tips

 



With the CARES Act on everyone’s mind, inDinero hosted a webinar 100% focused on loans, grants, and tax relief available from the CARES Act. Our panel of experts, including a CFO, SMB specialist from Huntington bank, and a senior tax director, broke down each element of the CARES Act loans and how your business can benefit from them.

What A (Tax) Relief! Coronavirus Tax Updates

Posted by Celene Robert to Business Advice, Business, Startup Tips

 

It’s important to take a moment and say that during this volatile economic time, inDinero is here to provide you, our fellow entrepreneurs, with relevant news and updates for your business. 

COVID-19 Updates & Resources

 

We are experiencing the stress that all this uncertainty brings right along with you. We are more than a bunch of number-crunching accountants and financial experts. We are entrepreneurs, employers, employees, coworkers, family members, members of communities, and fellow citizens—just like you. We thought that pointing out where there is relief would be as welcome to you as it is to us. Here goes.


Remote Work: How to Switch to Virtual Accounting Quickly and Easily

Posted by Celene Robert to Business Advice, Business, Startup Tips

 

Global panic, markets crashing, entire cities and states on lockdown, hundreds of millions of people isolated or in quarantine…


I bet you didn’t expect 2020 would be like this.


But here we are, in the midst of the COVID-19 (coronavirus) pandemic, figuring out how to navigate this strange new reality and keep business going. By now, countless organizations have implemented remote work arrangements for their team members. People are developing, delivering, training, collaborating, and engaging with clients and customers from their home offices. Some companies are better equipped for it than others, but we’re all experiencing significant disruptions, and it’ll probably be a while until life returns to normal—whatever “normal” looks like a few months from now.


Small Business Resources During COVID-19

Posted by Celene Robert to Business Advice, Business, Startup Tips

 

The COVID-19 virus has been the focus of news across the U.S. for the past several weeks and across the world even longer. The impact it is having on daily life is profound and will be felt well beyond the initial shock value. One of the biggest sectors of the market this will hit is small businesses. Luckily there are several resources and steps business owners can take to seek out relief during this time and help themselves weather the storm.


Breaking Down The Families First Coronavirus Response Act

Posted by Doug Carpenter to Taxes, Business, Startup Tips

 

Today, the Treasury issued new guidance for the Families First Coronavirus Response Act regarding COVID-related paid leave for workers’ health or to care for their families, as well as tax credits for businesses with 500 or fewer employees. With updates and new guidelines coming down every day, we wanted to breakdown what this new Act means for your small business. Reading the IRS website can sometimes feel like reading a foreign language. We’re here to make sense of it for you, so let’s dive in.


7 Steps to Prepare Your Company for an Economic Downturn

Posted by Tom Gabbert, CPA to Business Advice, Business, Startup Tips

 

During times of great economic uncertainty, it is wise to prepare your company for potential hard times, such as those we are facing now with the coronavirus pandemic. If you believe your company is vulnerable to the effects of an economic downturn, here are 7 steps you should take to prepare.


ASC 606: What You Need to Know

Posted by Celene Robert to Business Advice, Business, Startup Tips

 

Most executives and business owners have better things to do than think about accounting standards. But there’s a new one that demands your attention, for two reasons:


1. It significantly changes how companies recognize and report their revenue.

2. It’s mandatory for any organization that uses Generally Accepted Accounting Principles (GAAP).


I’m referring to ASC 606. Developed by the International Accounting Standards Board (IASB), the global authority for accounting principles, ASC 606 establishes new rules for recognizing revenue in contracts with customers. Essentially, it changes how and when your company can count customer payments.