Month: June 2022

Understanding your EIDL Repayment

Many of our clients were the recipients of Economic Injury Disaster Loans (EIDL) related to the COVID pandemic.  Unlike the smaller EIDG (grants) and forgivable PPP Loans, these loans accumulate interest at 3.75% per year and must be repaid over a 30-year term.  There is an initial deferment period during which payments are not required, …

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Summer Series Tools for Understanding Your Firm’s Profitability: Part II- Your Reports

Now that we have gotten your Chart of Accounts organized with Part I of our Summer Series, it’s time to dig into Tools for Understanding your Firm’s Profitability. Using information you already have, you can easily understand your profitability and all the pieces that go with it. All the reports we review in this post …

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