As a new business owner, you have plenty to keep you up at night. But nothing is more stressful than bookkeeping woes. One of the most common errors in a small business relates to how the owner takes money out of the business. Owners need to be careful about how they pay themselves because it…

By: Jennifer Babcock, CPA Cordell, Neher & Company, PLLC  Tax-exempt organizations recently received clarifying guidance and final regulations on statutory amendments and certain grants of reporting relief that were previously issued by the Treasury Department and the Internal Revenue Service (IRS) in 2019. The 2019 update was part of an effort to localize reporting requirements…

Kris Loomis, CPA, CVA, Managing Principal Cordell, Neher and Company, PLLC When asked if we would share how COVID-19 has affected Cordell, Neher & Co., PLLC, I took the opportunity to sit back and think a bit.  In reality, it would be easier to share how COVID-19 has not impacted us. It hasn’t changed our…

What you need to know about the executive orders signed by President Trump On August 8, 2020, President Trump signed an executive order extending certain aspects of COVID-19 relief in the absence of a new bill from Congress. The executive order includes several measures to protect individuals as provisions of the CARES Act expire or…

By Nathan Cacka, CPA Cordell, Neher & Company, PLLC Companies are being forced to pivot and adapt both internally in how they handle operations and externally in how they interact with customers and maybe even the products they sell as a result of the COVID-19 pandemic. Virtually no industry has gone untouched with either significant…

Managing cash flow during a crisis and beyond By Kyle Meissner, CPA Cordell, Neher & Company, PLLC   Your cash flow is the financial story of your business. It tells the story of your high points and low points, when and where the money comes in and goes out, and is the lifeline of your…

Nonprofit Impacts and Opportunities Amid COVID-19 By: Jennifer Babcock, CPA Cordell, Neher & Company, PLLC COVID-19 is challenging organizations in unprecedented ways. By looking at the following numbers, we can see just how fragile the current environment is for nonprofit organizations. Stay in place orders are affecting everyone, but not equally. Many locations are stranded…

Tips and Considerations for Small Businesses Applying for an SBA Disaster Loan   Small businesses are now eligible for up to $2 million in Economic Injury Disaster Loans from the Small Business Administration (SBA). President Trump has called for an additional $50 billion in funding to the SBA’s lending program from Congress. While the $50…

Financial Relief for Families Tax Credit – What to Expect With Your Check The distribution of economic impact payments is expected to begin in the next three weeks and be available throughout the rest of 2020. With so much news circulating, it can be difficult to keep tabs on the latest updates. We also recognize…

For immediate release: March 27, 2020 Paycheck Protection Program The CARES Act includes provision for SBA loans for small businesses and full loan forgiveness The CARES Act signed March 27, 2020 includes $349 Billion in funding for loans to help small businesses meet their overhead obligations in the face of COVID-19 related shutdowns and other…