If your S corporation applied for an Economic Injury Disaster Loan or Paycheck Protection Program relief through the Small Business Administration, it may have come with a surprise: a request for a board resolution OKing the loan application.

As business owners, we often want to be in control of every decision and every aspect of our businesses. But that’s not realistic – you simply can’t be everywhere, and do everything, at once.

The EIDL, offered by the U.S. Small Business Administration, can be a real benefit in helping your business through tough times. While the terms of the loan are favorable for business owners, the government is still charging interest daily on the full loan amount, which can range up to half a million dollars.

In the construction industry, there’s a reasonably high risk of injury on a job site. It can be a good idea — or even a legal requirement — for businesses to have a workers’ compensation policy that covers employees’ injury or illness in the workplace. But, there’s a surprising type of insurance that can leave construction workers without coverage: a ghost policy.

Whether it was inventory control, lack of skilled workers or shifting supplier bases, manufacturers were already facing enough challenges before the pandemic disrupted everything. With ongoing issues, such as supply chain and cash flow, only getting worse by this unprecedented year, how can you get solutions to these problems and ultimately take your operation to the next level?

What’s the latest on the meals and entertainment (M&E) deduction? While the costs of eating while doing business, or entertaining clients and prospects, was a big tax write-off for years, the Tax Cuts & Jobs Act (TCJA), signed into law in 2017, curtailed this deduction until recently. At least for now, pandemic relief for businesses has partially reinstated the deduction.

Pay attention to your customer service, or your business is going to suffer. It’s that simple. Stress, work/life balance, running a business and putting out fires can distract us from providing great service. While we are all human and these issues are common, your business will struggle if you cannot meet your customers’ needs.

As we continue with our YouTube videos, I covered a commonly asked question this week on QuickBooks file types, when to use each kind, and what to do when you don’t know where your file is saved.

As business owners, you often have so much on your plate that finding the time to grow your business seems as if it’s a back-burner activity. Without the proper tools and resources in place, you simply can’t reach your goals and realize your untapped potential. That’s where our team at Certum Solutions comes in – as well as the power of QuickBooks Online (QBO).