YOCFO's Financial Intelligence Blog

How Financial Clarity Improves Business Performance

Posted by Jeff Bruno, CEO on Sep 24, 2020 4:15:16 PM

 

 

You have probably realized that having clarity on your financials and metrics for growth is paramount. Business strategy is dependent on effective and rapid decision making. Without having a clear understanding of your monthly and yearly financials, you will not be able to make short- and long-term strategic growth decisions.

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Topics: Insider

“How to Increase Profit Margin” and Other Common Questions Answered by YOCFO

Posted by Jeff Bruno, CEO on Aug 12, 2020 11:09:18 AM

 

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Entrepreneuring in the Days of Covid-19

Posted by Brendan Walsh on Jul 27, 2020 9:37:19 AM

 

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Big Data, Small Data, & Trickle Down Metrics© for Small to Mid-size Businesses

Posted by Jeff Bruno, CEO on Jun 24, 2020 4:56:18 PM

 

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Smart Tactics to Resolve and Stay Out of Entrepreneurial Debt

Posted by Jeff Bruno, CEO on Jun 18, 2020 5:34:58 PM

 

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How Small Businesses Can Get Their SBA PPP Loans Forgiven During the COVID-19 Crisis

Posted by Jeff Bruno, CEO on May 28, 2020 1:46:39 PM

 

 

June 5th proved to be a crucial day for business owners as President Trump signed new regulations into law changing several key components of the SBA PPP loan. Changes include:

  • The extension of the 8-week period to 24-weeks
  • The rehiring of employees can now be done until December 31st
  • The 75/25 rule has now been changed to 60/40
  • The loan now has a 5-year maturity

If you are one of the millions of small business owners concerned about their business and its financial health through COVID-19, don’t worry, you are not alone. With unsteady revenue streams and bills to pay, business owners across the country are looking for a safety net to support them. With the recent release of the PPP Loan forgiveness application, the government has proven their commitment to preserving the many small businesses around the country, while business owners breathe sighs of relief knowing that they can have their PPP loans forgiven. These small business owners and their employees have had to make significant changes in order to mitigate damage during this unprecedented period. The government’s recent introduction of the CARES Act, and most notably the PPP Loan, has proven essential to small business around the country, but one question remains- How can businesses get their PPP loan forgiven?

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Payroll Protection Program (PPP) and Financial Planning: What happens now?

Posted by Jeff Bruno, CEO on Apr 22, 2020 3:38:53 PM

Unprecedented to say the least...

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