Small Business

Small business coronavirus

August 24, 2020 

How Long Can Curbside Pickup Keep Restaurants Afloat?

Many cities have created temporary curbside food pickup zones for takeout and delivery on busy streets to aid restaurants. They posted signs, covered up parking meters or put up barricades. And even after most states later began allowing limited ...

Small Business Coronavirus 2

August 23, 2020 

July Saw Increase in Retail Sales as Shaky Recovery Starts

The U.S. Census Bureau said that overall retail sales during July were up 1.2 percent seasonally adjusted from June and up 2.7 percent year-over-year. That follows an 8.4 percent month-over-month increase in June. Retail sales have been climbing after...

economy_crash

August 19, 2020 

Hotels Facing Historic Wave of Foreclosures Due to COVID-19

The report shows that $20.6 billion in hotel CMBS loans were 30 or more days delinquent as of July, compared to $1.15 billion as of December 2019. The highest volume of delinquent hotel loans during the Great Financial Crisis was $13.5 billion.

american-express[1]

August 17, 2020 

American Express to Acquire Small Biz Lender Kabbage

Under the terms of the agreement, American Express will acquire Kabbage’s team and its full suite of financial technology products, data platform and IP built for small businesses. Kabbage’s products include access to flexible lines of ...

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August 17, 2020 

What to Do When Small Business Clients Go Out of Business

More than 100,000 small businesses have closed since the pandemic began. With no clear end in sight, one major question has come to the forefront for CPA firm leaders as both their own firms and their clients struggle financially: What happens when ...