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8 Areas Where Small Businesses Should Anticipate Disruption

For more than six decades, the U.S. Small Business Administration (SBA) has been a resource for small business owners and entrepreneurs in the U.S. In response to the COVID-19 pandemic, the bureau created a resource page dedicated to helping small businesses learn to establish safe, secure, and healthy practices in the face of the outbreak. …..

Charting New Territory: Business Strategy During the COVID-19 Outbreak

As the COVID-19 pandemic continues to unfold, business owners are facing a lot of uncertainty. It is not possible to know with confidence how events will continue to evolve over the next days, weeks, and months. However, there are some key steps that business owners can take to strive to mitigate damages and put themselves …..

Coronavirus Disaster Assistance

The U.S. Small Business Administration (SBA), which has been a resource for small business owners and entrepreneurs in the U.S. since 1953, recently released a list of disaster-relief measures in response to the COVID-19 pandemic. Per the Coronavirus Preparedness and Response Supplemental Appropriations Act, which was enacted by the President on March 6th, the SBA …..

Do I Qualify for Paid Sick Leave Under the New Coronavirus Act?

On Wednesday, March 18, President Trump enacted a coronavirus emergency relief package, the Families First Coronavirus Response Act. The legislation includes relief for American workers required to take time off work because of the coronavirus, the Emergency Paid Leave Act of 2020. The act includes both paid leave benefits for American workers and tax credits …..

Resources for Small Businesses in Crisis

Many small businesses are reeling from the impact of the COVID-19 pandemic. Nathan Wechsler & Company is here to help. We have gathered a list of helpful resources for small businesses to turn to during this unprecedented time. Federal Health Resources The President’s Coronavirus Guidelines for America – A short PDF with information about how …..

What Does Paid Sick Leave Mean for My Organization?

On Wednesday, March 18, President Trump enacted a coronavirus emergency relief package, the Families First Coronavirus Response Act. The legislation includes relief for American workers required to take time off work because of the coronavirus, the Emergency Paid Leave Act of 2020. In order to help employers manage the cost of paid sick leave, the …..

Maintaining Your Mental Health During the Coronavirus Pandemic

There is a lot of scary stuff happening right now. Many are struggling to maintain good mental health in light of the Coronavirus pandemic. For some, the mental strain is exacerbated by the fact that so many are practicing social distancing. So how can you maintain or strengthen your mental health in the midst of …..

Federal Tax Filing and Tax Payment Deadline Delayed by 90 Days to July 15, 2020

Notice 2020-18:  The Internal Revenue Services (IRS) has extended the tax filing and tax payment deadline for 2019 income taxes and first quarter 2020 tax estimates for individuals, trusts, estates, and corporations. Eligible taxpayers can defer payment for up to 90 days without accruing interest or penalties from April 16, 2020 to July 15, 2020. …..

Insights on the Impact of COVID-19

At Nathan Wechsler & Company, the health and safety of our community, clients, and staff are always top of mind. We want to share this valuable source of information with you so you can stay well informed. Click here to access original content with valuable insights pertaining to COVID-19.

Choosing the Right Valuation Method for Your Company

This article discusses three different methods that one can use to value a business. For example, the asset approach, market approach, and income approach are all unique in their own way and could provide different benefits to meet what you are looking for. To view this article, click HERE to access the original content.

Improving Your Small Business’ Financial Health

This article discusses how the financial health of a small business is comprised of more than just the amount of sales. Taking a look at topics such as revenue, expenses, cash flow, and automation can be very beneficial in this competitive business market. Five key questions to ask yourself are also outlined in this article. …..

Making Smart Risk Management Decisions

This article discusses what it is like to be in charge of making important decisions when it comes to day-to-day operations in a business. Topics such as risk tolerance, risk appetite, and insurance programs are all outlined in great detail. No matter your business industry or current business position, these insights are worth taking a …..

Delivering Excellent Customer Service

In the business world, there is a bar that individuals must meet or exceed in terms of customer service. No matter how difficult the customer may be, claiming yourself as a professional implies that you hold yourself to a gold standard in the workplace. This article discusses some of the best ways to ensure great …..

The Rise and Fall of Family Business

This article highlights the work of Professor John Davis, who has been studying family enterprises and how they work since the 1970s. For example, he mentions how family businesses have natural strengths such as passion and persistence. However, he also discusses how fear of failure and change can be the downfall of these same businesses. …..

What Plan Sponsors Need to Know About DOL Enforcement And Red Flags

By Kim Flett, CPA, QPA, QKA, CHRA and Beth Garner, CPA Being selected for a Department of Labor (DOL) audit is not exactly a prize most plan sponsors want or intend to win. Often, plan sponsors think service providers will take the blame when compliance issues arise. But plan sponsors are ultimately responsible for plan …..

Accounting Mistakes that Cost Small Businesses Significant Growth

Although intended for small business owners, this article discusses accounting mistakes that can hinder growth in your business no matter the size. First and foremost, failing to hire the right CPA can immediately put a cap on the amount your business can grow. Additionally, topics such as mixing personal and business finances and ineffective billing …..

Test Your Cyber Systems In 7 Steps

By Jeff Ward, CPA, CGMA, CITP, CISA, CISSP, CEH Many nonprofits consider themselves unlikely targets for cybercrime, however this couldn’t be further from the truth. The reality is that your organization is a treasure trove of data and often has fewer resources and less cyber expertise to put protections in place. In short, you may …..

Helpful Tips for Family Business

This article discusses 30 family business truths that may be hard to swallow but can change the way your business operates on a day to day basis. For example, a high trust culture can be imperative when dealing with sticky situations in the workplace. In addition, focusing on what different members of the family have …..

Vet or Forget? The Case for Background Checks for Nonprofit Board Members

By Laurie De Armond, CPA A client who serves on the board of a nonprofit recently asked whether the organization’s policy on background checks should also apply to board members, or at least to those with the greatest influence over funding. Determining whether to pursue background checks on board members should take into consideration several …..

Nurturing Leads in Small Business

This article offers seven different tips that small business owners should be aware of as we enter the new year. From using data to shape your strategies to playing around with different content, these insights could be the difference between you and your competition. Little things can go a long way, and this small business …..