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 ...

small-business 1_10937161

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 ...

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August 13, 2020 

Protecting Small Businesses from Fraud

The ways small businesses have been handling their bookkeeping and accounting for years are quickly becoming obsolete. Antiquated and manual processes leave small businesses vulnerable to fraud from both the inside and the outside.

 How to Conduct a Business Insight Review

August 13, 2020 

How to Conduct a Business Insight Review

When businesses are connected to a tax and accounting professional, they are more financially stable, more creditworthy, and twice as likely to succeed than businesses that attempt to navigate the waters on their own.

Jim Buffington

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August 11, 2020 

Five Ways Sales Leaders Respond to Crisis

It’s impossible for anyone to sell every customer, every time. By increasing the number of opportunities you have, you greatly increase your profit potential and your network of satisfied customers.

SMB Payment Pain Points

August 6, 2020 

Small Businesses Relying More on Digital Payments

The survey indicated that nearly half of respondents (49%) state they trust banks and credit card providers to handle their financial activity. However, 24% trust the combination of banks and software companies working together, showing an ...

WORX_Mark-Cuban[1]

August 4, 2020 

Mark Cuban Discusses Business Impacts of Covid

In the most recent episode of the Paychex Business Series Podcast, host Gene Marks meets with entrepreneur and Dallas Mavericks owner Mark Cuban to discuss business impacts of the current COVID-19 pandemic. The Shark Tank investor shares his take on the different issues facing small businesses today, including government stimulus, health care, banking relationships, changing...…

city buildings

July 31, 2020 

Key Strategies For Stronger Q3/Q4 2020 Comebacks

Accounting and finance professionals are essential partners for business owners, perhaps never more so than right now. And with COVID-19 recovery on the horizon, they should start preparing their practices for what could be a particularly busy season. Here are three business-readiness tips for ramping up safely and strategically — so that you can help...…

Jodi Chavez