COVID-19 Resources

We’re keeping an eye on all the COVID-19 updates affecting small businesses and connecting you to the resources you need.

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PPP Loan Forgiveness: Step-by-Step Accounting Instructions

Getting the numbers you need to apply for the Paycheck Protection Plan (PPP) or Economic Injury Disaster Loans (EILD) can be a challenge. We’re making it easy with our Free COVID-19 Loan Calculator. Connect your QuickBooks or Xero account and get the information you need in minutes.

Webinars

RECORDING: How to Track PPP Funds for Loan Forgiveness in Accounting

Learn some best practices for tracking Paycheck Protection Program funds in your accounting file and set yourself for the loan forgiveness process.

RECORDING: How to Pay Yourself as a Business Owner

A ScaleFactor accounting expert breaks down two schools of thought about how to pay yourself as a business owner and how business owners can think about their compensation in uncertain times.

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RECORDING: Understanding Your COVID-19 SBA Loan Options

It’s anything but business as usual right now. With so much information out there about the new CARES Act, we’re here to help you make sense of it as a small business owner. 


Blog Posts

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Podcast: Ben Greenzweig of Momentum Events on Pivoting During a Pandemic

Ben Greenzweig discusses a few of the lessons you can’t learn in business school—everything from how to start a business to what running it during a global crisis looks like.

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How to Plan for Reopening Your Storefront Based on Your Finances

When and how to reopen your business is something every business owner will need to face individually. Here are some financial metrics to help you decide.

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I Received a PPP Loan: Do I Have to Pay Taxes on It?

Many expected to pay no taxes on these funds, while also being able to take their regular deductions for things like payroll and rent. Here’s what the IRS says.

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PPP Loan Audits: Which Businesses Are Affected?

The word “audit” tends to induce fear among many small business owners. But if you’ve received a PPP loan and followed the SBA’s guidelines, you’re likely in the clear.

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New PPP Funds Released: Our Top Advice for Small Businesses Still Waiting

It’s unclear how long this second round of PPP loan funds will last. If you’re still waiting, here’s what we recommend doing in the coming days.

Empty office space after layoffs

What Business Owners Need To Know About Unemployment & COVID-19

What happens to your employees after a layoff? And is that different now because of COVID-19? We’re answering your questions about unemployment benefits.

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Paycheck Protection Plan vs. Economic Injury Disaster Loans

Ready to learn if you qualify for an SBA loan? Check out this blog post for the key differences between these two loan types and find out if you qualify for one (or both).

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4 Things Small Business Owners Should Know About the CARES Act

All the information small business owners need to know about the CARES Act, including details on how to apply for SBA Disaster Loans and deferred payroll tax details.

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How to Handle Gift Cards in Your Accounting

Due to the COVID-19 crisis, many consumers are purchasing gift cards to support local businesses. Learn what to do with those gift cards in your accounting.

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COVID-19 Updates for SMBs (Updated Daily)

Get the latest updates on the COVID-19 pandemic and its effect on small businesses in the U.S. Updated daily with the information you should know.

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