Patriot’s Picks: The Best Small Business Articles

Read the best small business articles from April 2017.

In light of the coronavirus pandemic, this roundup heavily features the best small business articles relating to COVID-19 we read in April.

Small business tips

3 Steps to Prepare for the Post-COVID-19 Business World | Chief Outsiders

Although it may not seem like it now, the coronavirus pandemic won’t last forever. And one day in the future, we will be living in a post-COVID-19 world. When that finally happens, will your business be ready? This article details the steps you need to take to prepare your business and team for life after the coronavirus. (Read)

Scenario planning: A tool for uncertain times | Vistage

When it comes to your business, it always pays off to be prepared. You never know when the next emergency will strike, so it’s important to ensure your business has a plan and prepares for the worst. To create a solid plan for your company, use scenario planning. Read this article to learn the ins and outs of scenario planning and how it can benefit your business in the long run. (Read)

In the workplace

Employee development while sheltering in place | SmartBrief

The majority of states have established a stay-at-home order for residents to help combat the coronavirus outbreak. Because of shelter-in-place orders, many businesses began having their employees work from home. If your workforce is working remotely due to the coronavirus, learn how you can continue to help employees grow and develop during this trying time. (Read)

Advice for business owners

Five Things Every Paycheck Protection Program Borrower Should Do After Receiving A Loan | Forbes

After you receive a PPP loan, your work isn’t done yet. You still need to record eligible expenses and retain (or rehire) all of your employees to ensure you receive loan forgiveness. This article lists out everything you should do after you receive your PPP loan, including maintaining proper documentation and monitoring what funds are used for. (Read)

Marketing your business

The Upside of Being Down: How to Market Your Small Business During Coronavirus | Street Fight

Marketing during a global pandemic can be challenging. But, it’s also necessary if you want your business to stay afloat. And the truth is, now is the best time for small business owners to reach out to customers and strengthen business relationships by showing that they care and are here to help. Use this article to learn strategies for marketing your business during the coronavirus. (Read)

Small business articles from Patriot

Here are some of the top accounting and payroll articles published by Patriot Software.

Accounting

I’m Self-employed With No Employees. What COVID-19 Help Can I Get?

The CARES Act and FFCRA provide a number of relief measures for businesses and employees alike. But, what about self-employed individuals? Can they reap the benefits of these coronavirus relief options, too? The short answer: yes. This article goes over what kinds of coronavirus-related relief the self-employed may be eligible to receive. (Read)

PPP Loan Accounting: Creating Journal Entries

So, you’ve received a forgivable Paycheck Protection Program loan, eh? Now what do you do? If you want to receive loan forgiveness, you have to track eligible expenses and keep detailed accounting records. Check out this article to learn how to account for PPP loans in your books. (Read)

Payroll

Paycheck Protection Program: How to Apply for a Forgivable Loan During COVID-19

Small business owners nationwide have been negatively impacted by the coronavirus pandemic, causing many to need financial assistance. If your business is struggling financially due to the coronavirus, consider applying for a Paycheck Protection Program loan. This article goes over everything you need to know about the PPP, including eligibility and the application process. (Read)

Should I Take Out a PPP Loan or Claim the Employee Retention Credit?

Two of the most popular coronavirus relief options for businesses are the PPP and Employee Retention Credit (ERC). Because you can’t take advantage of both, you have to choose between the two relief measures. This article compares the PPP loan vs. Employee Retention Credit to help you determine which one will better benefit your small business. (Read)

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