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What Is MOQ & Why Does It Matter For Your Business?

MOQ involves a cost of doing business that’s not always obvious: the cost of making and shipping products. MOQ, or minimum order quantity, is an important part of buying and selling online supplies. Learn what MOQ is, why it matters, and how to calculate it.

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Jan 19, 2021 Filed under: eCommerce 0
employee retention tax credit

What Is The Employee Retention Tax Credit?

One form of relief offered to small businesses is the Employee Retention Tax Credit. First introduced in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, this tax credit could be claimed by eligible employers on quarterly tax returns. This program was expanded by the Consolidated Appropriations Act signed into law in December 2020, making the credit accessible to more employers.

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Jan 19, 2021 Filed under: Accounting, Bookkeeping, Invoicing, Small Business 0
EIDL low income

New EIDL Grants: How To Tell If Your Business Is In A Low Income Community

Community is one of those words that sounds like it has an obvious meaning, but in practice can mean a lot of different things. In the case of qualifying for an EIDL grant, what the SBA is talking about is your census tract. Depending on how populated your area is, there may be many census tracts within your municipality or very few. As it turns out, there are slightly different measures for businesses that are located in rural areas as opposed to metropolitan ones.

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Jan 15, 2021 Filed under: Business Loans, Small Business 0

Your Complete Guide To Restaurant Inventory Management: How To Control Costs, Reduce Waste, & More

Tired of nightly 86’ed items? Losing fresh veggies to spoilage? Learn how to manage your restaurant inventory effectively and efficiently. Whether you are new to running a restaurant or have reached a point where any inventory processes you have are not working, this article is a great starting point to help you develop or improve your restaurant inventory management. Β 

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Jan 14, 2021 Filed under: Restaurant POS 0
PPP Faqs round 2

FAQs About Round 2 Of The Paycheck Protection Program (PPP)

Whether you’ve already been through the PPP application process or you’re searching for funding for the first time, this post is for you. We’re going to cover the most frequently asked questions surrounding the second round of PPP funding. We’ll cover topics such as the requirements you must meet to receive a loan, how funds can be used, and whether you can receive another PPP loan if you already received one (spoiler alert: you can!)

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Jan 14, 2021 Filed under: Business Loans, Small Business 0

5 Banks That Are Currently Accepting Round 2 PPP Loan Applications

With Round 2 of the Paycheck Protection Program (PPP) ready to kick-off the second week of January for community-based lenders, businesses may be wondering where they should go to apply for a first or second draw PPP loan. For many businesses, the most natural place to apply will be their bank. Read on for a list of the top banks with which to apply for a second round PPP loan.

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Jan 12, 2021 Filed under: Business Loans 0
sba covid relief

COVID Relief: You Could Get Partial Forgiveness, Increased SBA Guarantee, & More On 7(a) Loans & Microloans

In order to get the full eight months’ worth of forgiveness of principal and interest payments for these loans, your business will need to be in one of the industries identified by the SBA as particularly impacted by the coronavirus pandemic, such as food service, accommodation, education, arts & entertainment, and personal care services.

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Jan 11, 2021 Filed under: Business Loans, Small Business 0

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