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.

COVID-19 Loan Calculator

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: 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. 

RECORDING: How to Pay Yourself as a Business Owner

In this webinar, 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.

Watch Recording >


Blog Posts

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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.

Woman stares at computer with skeptical look.

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.

Small business owner reads the news

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.

Small business with a closed sign in the window

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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