Podcasts about eidl

Live from FICO World 2025, this episode dives deep into the challenges facing small business owners in today's economy. Our guest, David Smith—an SBA insider and expert in business origination—joins host Merrill Chandler to talk about EIDL loan defaults, rising inflation, SBA lending changes, and the ripple effects of regulatory shifts at the IRS and CFPB. From Five Guys burgers to $136 cowboy steaks, we're unpacking what price elasticity and economic reality mean for your business survival. It's real talk, no fluff—just insight, strategy, and a little humor. Love the show? Subscribe, rate, review, and share! http://getfundablepodcast.com/

Chris exposes the shocking failure of the Small Business Administration (SBA) to implement fraud detection measures before distributing nearly $1 trillion in COVID relief. Highlighting gaps in the Paycheck Protection Plan (PPP) and EIDL programs, Markowski reveals how fraudulent claims were approved without proper checks, resulting in massive taxpayer losses. The lack of oversight has fueled inflation and left taxpayers footing the bill. www.watchdogonwallstreet.com

On today's episode of Charity Therapy, Meghan and I are diving into nonprofit closures, especially when those COVID-19 EIDL loans are involved. If you've ever wondered what to do when your nonprofit has to shut down but you still owe Uncle Sam a bunch of cash, this episode is for you. What's the deal with EIDL loans, and how do they affect your nonprofit when it's time to close up shop? Meghan and I break it down, chatting about the steps you need to take and the legal stuff you might not have thought about. We'll walk you through the ins and outs of handling these federal loans as your organization winds down. And trust me, even if you're not a legal whiz, you'll come away with a clearer understanding and maybe even a chuckle or two. Got questions or a story to share? We'd love to hear from you! Head over to our website and join the conversation. This is your chance to connect with others in the same boat and maybe get some solid advice to help you out. And remember, even when the going gets tough, you're not alone. We're all figuring this out together, one step at a time. In this episode, you will hear: How to deal with those tricky EIDL loans when you're considering dissolution The importance of understanding contracts, especially when financial troubles are looming How to responsibly close down your nonprofit, ensuring you've notified all your creditors The lowdown on EIDL loans: a big consideration if you're closing up shop Resources from this Episode Sign up for the Birken Law Email list: https://birkenlaw.com/signup/ Facebook page: https://www.facebook.com/birkenlaw Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

This week, Ami Kassar, founder and CEO MultiFunding, explains how it's almost as if these past few years we've run a grand experiment to see what would happen if the government gave lots of business owners more money than they knew what to do with. In many cases, the businesses got far bigger Covid loans than they could have hoped to borrow conventionally, and they got them without having to go through the standard application process. In other words, they got the money without having to develop a plan for how they would spend it. “This is not going to end well,” says Ami.

Greg Kyte and Caleb Newquist of the Oh My Fraud podcast share their favorite government fraud cases they've covered on the Oh My Fraud podcast, including Rita Crundwell's $53 million municipal fraud in Dixon, Illinois, and Claudia Viles' $500,000 tax-collector fraud in Anson, Maine. They also examine the "Fat Leonard" Navy contracting fraud, Eddie Tipton's lottery rigging scheme, and some pandemic-related frauds like PPP and EIDL abuse.SponsorMakersHub - https://earmarkcpe.promo/makershubChapters(00:52) - Overview of Government Frauds (01:58) - The Case of Rita Crundwell (06:43) - How Rita Crundwell Was Caught (14:36) - The Case of Claudia Viles (32:17) - The Fat Leonard Scandal Unveiled (33:43) - Exorbitant Invoices and Ignored Red Flags (34:45) - Bravo Zulus and Dirty Work (36:13) - Security Measures and Exploiting Tragedies (39:11) - The Crux of the Fraud: Inflated Invoices (41:00) - Lottery Fraud: Eddie Tipton's Scheme (49:20) - Pandemic Fraud: A Rock and a Hard Place (55:52) - Final Thoughts and Takeaways Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guests: Greg Kyte, CPAWebsite: http://www.comedyCPE.comX: https://twitter.com/gregkyte LinkedIn: https://www.linkedin.com/in/gregkyte/ Caleb NewquistX: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Learn more about Oh My FraudWebsite: https://ohmyfraud.com/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

In this month's podcast, we're going to look at two common situations with SBA loans, both of which can cause business owners some stress when it comes time to gain access to more working capital. We'll explore what you need to know about the SBA 7A and EIDL programs, options to work within the system to help you get more capital, and what you need to know so you can avoid costly mistakes. The SBA programs have some quirks and if you're not aware of all the issues, getting the money your business needs can be a lot more difficult than you'd imagine. I hope you find this information valuable and if you find yourself in one of these SBA entanglements, I encourage you to get with an experienced funding professional to help you develop strategies.  About The Funding University: The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA. Visit The Funding University: ⁠⁠⁠⁠⁠⁠https://www.thefundinguniversity.com⁠⁠⁠⁠⁠⁠ Get Access To: 1. Blog: ⁠⁠⁠⁠⁠⁠https://www.thefundinguniversity.com/blog⁠⁠⁠⁠⁠⁠ 2. CPE Courses & Modules: ⁠⁠⁠⁠⁠⁠https://www.thefundinguniversity.com/cpe⁠⁠⁠⁠⁠⁠ 3. TFU Masterclass: ⁠⁠⁠⁠⁠⁠https://www.thefundinguniversity.com/masterclass⁠⁠⁠⁠⁠⁠ 4. Funding Expert Certification: ⁠⁠⁠⁠⁠⁠https://www.thefundinguniversity.com/certification⁠⁠⁠⁠⁠

Official reason given is due to fraud. Steve Sipress, entrepreneur, marketing, advertising, sales, tips, ideas, help, strategy, small business owner, direct response, tactics, success, profits, growth, results, marketing consultant, IRS, government, ERTC, ERC, PPP, EIDL, pandemic, covid, shutdown, relief, rebate, program, payroll,

In previous episodes Caleb and Greg have discussed the rampant fraud in the Paycheck Protection Program (PPP). But in this episode, the guys discuss a much less talked about program that was also subject to a lot of pandemic relief fraud: Economic Injury Disaster Loans (EIDL). HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: 1980 Grand Island tornado outbreak [Wikipedia] Economic Injury Disaster Loans [SBA] Business Physical Disaster Loans [SBA] Current Declared Disasters [SBA] Coronavirus Aid, Relief, and Economic Security Act Paycheck Protection Program and Health Care Enhancement Act ​​Disaster Assistance Upate Nationwide COVID EIDL, Targeted EIDL Advances, Supplemental Targeted Advances April 28, 2022 [SBA] Inspection of Small Business Administration's Initial Disaster Assistance Response to the Coronavirus Pandemic  COVID-19 EIDL Program Recipients on the Department of Treasury's Do Not Pay List Georgia man admits submitting false information to obtain COVID-19 disaster relief funding [DOJ] Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison [DOJ] He Spent $57,000 in Covid Relief on a Pokémon Card. Now the U.S. Owns It. [NYT] Florida Man [Wikipedia] Florida Man Beats Out Heart Disease As Nation's No. 1 Killer [The Onion] Florida ‘Don't Say Gay' forced disclosure amendment withdrawn [WFLA] Florida State Representative Indicted For Wire Fraud, Money Laundering, And Making False Statements [DOJ] Florida Lawmaker Charged With Pandemic Aid Fraud [NYT] State Rep. Joe Harding resigns after federal indictment for wire fraud [TBT] Former Florida State Representative Pleads Guilty To Wire Fraud, Money Laundering, And Making False Statements In Connection With Covid-19 Relief Fraud [DOJ] North-Central Florida Blimp Company Executive Sentenced To Over Five Years In Federal Prison For COVID-19 Relief Fraud [DOJ] Florida blimp executive, relative of former state lawmaker, sentenced to federal prison in pandemic fraud [SFSS] PostscriptSince we recorded this episode, there have been a couple developments:1. The Small Business Administration released a new report entitled "COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape" on June 27, 2023. It estimates that the total amount of fraud between EIDL and PPP is ~$200 billion.2. Former Florida Representative Joe Harding requested that his sentencing be pushed back a couple months. He still faces a maximum sentence of 35 years after pleading guilty to wire fraud, money laundering and making false statements about COVID-19 relief aid he received.

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, June 29th, 2023. Samaritan Ministries How are you paying for your health care, and how’s it working out? If it’s working perfectly, great! If not, then listen closely, because I have a solution for you. A Biblical solution. Samaritan Ministries is a community of Christians who pay one another’s medical bills. Here’s how it works. When a medical need arises, you choose the provider that’s right for you, and have a say in the treatment you receive, even if it’s a non-conventional approach. Your medical bills are shared with fellow members, and your need is covered in prayer. It’s affordable, and you can join anytime, even today. Learn more at samaritan ministries dot org slash cross politic. https://www.cnbc.com/2023/06/27/summer-air-travel-severe-weather-faa-shortfalls-kick-off-rocky-start.html Severe weather, FAA shortfalls kick off rocky start to summer air travel Flight disruptions mounted Tuesday as severe storms and staffing issues kicked off a rocky start to summer. More than 7,700 flights were delayed Tuesday and nearly 2,200 were canceled, FlightAware data showed, as thunderstorms that derailed thousands of trips over the weekend lingered in airspace that is heavily congested on a clear-weather day. That’s on top of more than 8,800 U.S. delays and close to 2,250 cancellations Monday. The Federal Aviation Administration paused flights bound for New York’s LaGuardia Airport, John F. Kennedy International Airport and Newark Liberty International Airport in New Jersey. Delays were averaging three hours or longer at those airports. The FAA said that the thunderstorms were blocking arrival and departure routes. The disruptions come ahead of the busy Fourth of July holiday travel period, when millions are expected to fly. The Transportation Security Administration said it could screen more travelers than in 2019, before the pandemic, raising competition for spare seats. The Biden administration has pressured airlines to improve their operations after widespread flight disruptions last spring and summer, which prompted carriers to trim their overambitious schedules. But the industry struggled to recover this past weekend from a series of thunderstorms that didn’t let up for days. Thunderstorms are difficult for airlines because they can form with less warning than other major weather obstacles like winter storms or hurricanes. Rolling delays could force crews to reach federally mandated workday limits and further worsen disruptions. About 30,000 flights have arrived late since Saturday, FlightAware data showed, with cancellation rates from Saturday through Monday up more than three times the average for the year. Some airline executives have also blamed some of the disruptions on shortages of air traffic controllers. United Airlines CEO Scott Kirby told staff on Monday that “the FAA frankly failed us this weekend.” He said that during Saturday’s storms the FAA reduced arrival rates by 40% and departures by 75% at Newark Liberty International Airport in New Jersey, one of the airline’s biggest hubs. The staffing challenges aren’t new. The Covid-19 pandemic derailed hiring and training of new air traffic controllers, and the agency is now trying to catch up. The Department of Transportation’s Office of Inspector General said in a report last week that air traffic control staffing shortfalls put air traffic operations at risk. In March, the FAA and some airlines agreed to reduce flights to help ease congestion at busy New York airports because of the staffing issues. But the problems persist at a time when airlines are readying crews and schedules for a busy summer season, fueled by sustained travel demand. And the disruptions frustrated flight crews who were left waiting on hold for reassignments. The Association of Flight Attendants, which represents flight attendants at United and others said in a memo to members Monday that hold times for crew scheduling were longer than three hours. In response to the union’s memo, United said it has “deployed all available resources to catch up on call volume, including increasing staffing in crew scheduling and mandatory overtime on the scheduling team.” https://www.theblaze.com/news/over-200-billion-in-covid-relief-funds-lost-to-potential-fraud-and-abuse-gov-t-watchdog-finds-significantly-higher-than-previous-estimates Over $200 billion in COVID relief funds lost to potential fraud and abuse, gov't watchdog finds — significantly higher than previous estimates A report released Tuesday from the Office of Inspector General of the Small Business Administration found that the federal government lost more than $200 billion in COVID relief funds to potential fraud, waste, and abuse. The OIG's latest estimate is significantly higher than previous projections that speculated approximately $100 billion. The relief initiatives included the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs, created to provide emergency financial relief to small businesses and those who lost their jobs due to restrictive lockdown measures. The report estimated that at least 17% of the relief funds, which totaled approximately $1.2 trillion, were disbursed to potential fraudsters, including "more than $136 billion COVID-19 EIDLs and $64 billion in PPP funds." Inspector General Hannibal "Mike" Ware noted that the OIG's investigation into the potentially stolen funds has, so far, resulted in 1,011 indictments, 803 arrests, and 529 convictions. Approximately $30 billion in fraudulently obtained relief funds have been seized and returned to the SBA. Ware previously predicted during a 2021 interview with ABC News, "In terms of the monetary value, the amount of fraud in these COVID relief programs is going to be larger than any government program that came before it." The report claimed that the extensive fraud resulted from the SBA's "weakened or removed" controls to allow swift distribution of emergency funds to those in need. The OIG reported that the eased review process had the "allure of 'easy money'" for fraudsters who saw an opportunity to exploit the SBA's lowered barriers. The OIG's report stated: "OIG is working on tens of thousands of investigative leads on alleged fraud, waste, and abuse of taxpayer resources. Thousands of investigations will ensue for years to come because of swift congressional action to increase the statute of limitations to 10 years for COVID-19 EIDL and PPP fraud. We continue to identify fraud schemes, and we anticipate the overall potential fraud estimate could fluctuate; therefore, we may issue periodic updates to this report.” Bailey DeVries, acting associate administrator of the SBA, expressed concern that Ware's report contained "serious flaws that significantly overestimate fraud." DeVries stated that approximately 86% of the fraud occurred within the first nine months of the relief programs' rollouts, arguing that the agency's controls to prevent fraud improved over time. https://nypost.com/2023/06/28/daniel-penny-pleads-not-guiltyto-manslaughter-charge/ Prosecutors reveal they have more footage of Jordan Neely’s NYC subway chokehold death — as ex-Marine Daniel Penny enters not guilty plea Prosecutors revealed Wednesday they have additional cellphone video from witnesses in Jordan Neely’s subway chokehold death, as Marine Daniel Penny pleaded not guilty to manslaughter charges in the lightning-rod case. The 24-year-old former infantry squad leader — who appeared in Manhattan Supreme Court clean-shaven and wearing a blue suit and maroon tie — was arraigned on charges of second-degree manslaughter and criminally negligent homicide during the brief, minutes-long hearing. A stoic Penny spoke only to say “Not guilty” as more than 50 people — including his supporters, backers of Neely, 30, and many members of the media — looked on. The Long Island native was caught on bystander video putting Neely — who witnesses said had been threatening subway riders — into a chokehold on an F train on May 1. The medical examiner’s office later ruled Neely’s death a homicide. Court documents filed Wednesday show that prosecutors have at least five cellphone videos from three witnesses to the deadly encounter that they plan to introduce as evidence. They also have videotaped statements from two other witnesses, as well as two MTA surveillance videos and police body-worn camera footage, the document states. Additionally, prosecutors disclosed they have a videotaped statement that Penny made to cops the day of the incident — when they released him without charges. Penny’s statements to cops inside the Broadway-Lafayette Street station, as detailed in the filing, echo what he has said publicly about the incident since. Penny described what could be seen in the shocking video of the confrontation, that Neely was “rolling, he was rolling, when he was in a choke. He was going crazy,” the filing states. Penny also told police that Neely was “acting irate, dropping things on the floor, saying he doesn’t care if he goes to jail,” according to the court doc. Penny surrendered to authorities on May 12 after the Manhattan District Attorney’s Office brought charges against him. He was indicted by a grand jury earlier this month and remains free on $100,000 bail. He faces up to 19 years behind bars if convicted on both counts. Penny has said he didn’t mean to kill Neely, but that he felt he had to step in for the safety of other passengers as Neely — who had a long history of mental illness — had been throwing trash at riders and threatening them as they moved away from him. https://www.washingtonpost.com/media/2023/06/28/national-geographic-staff-writers-laid-off/?utm_source=feedly&utm_medium=referral&utm_campaign=wp_homepage National Geographic lays off its last remaining staff writers Like one of the endangered species whose impending extinction it has chronicled, National Geographic magazine has been on a relentlessly downward path, struggling for vibrancy in an increasingly unforgiving ecosystem. On Wednesday, the Washington-based magazine that has surveyed science and the natural world for 135 years reached another difficult passage when it laid off all of its last remaining staff writers. The cutback — the latest in a series under owner Walt Disney Co. — involves some 19 editorial staffers in all, who were notified in April that these terminations were coming. Article assignments will henceforth be contracted out to freelancers or pieced together by editors. The cuts also eliminated the magazine’s small audio department. Departing staffers said Wednesday the magazine has curtailed photo contracts that enabled photographers to spend months in the field producing the publication’s iconic images. In a further cost-cutting move, copies of the famous bright-yellow-bordered print publication will no longer be sold on newsstands in the United States starting next year, the company said in an internal announcement last month. National Geographic writer Craig Welch noted the moment in a tweet on Wednesday: “My new National Geographic just arrived, which includes my latest feature — my 16th, and my last as a senior writer. … I’ve been so lucky. I got to work w/incredible journalists and tell important, global stories. It’s been an honor.” The magazine’s current trajectory has been years in the making, set in motion primarily by the epochal decline of print and ascent of digital news and information. In the light-speed world of digital media, National Geographic has remained an almost artisanal product — a monthly magazine whose photos, graphics and articles were sometimes the result of months of research and reporting. At its peak in the late 1980s, National Geographic reached 12 million subscribers in the United States, and millions more overseas. Many of its devotees so savored its illumination of other worlds — space, the depths of the ocean, little-seen parts of the planet — that they stacked old issues into piles that cluttered attics and basements. It remains among the most widely read magazines in America, at a time when magazines are no longer widely read. At the end of 2022, it had just under 1.8 million subscribers, according to the authoritative Alliance for Audited Media. National Geographic was launched by Washington’s National Geographic Society, a foundation formed by 33 academics, scientists and would-be adventurers, including Alexander Graham Bell. The magazine was initially sold to the public as a perk for joining the society. It grew into a stand-alone publication slowly but steadily, reaching 1 million subscribers by the 1930s. The magazine was eventually surpassed for profits and attention by the society’s video operations, including its flagship National Geographic cable channel and Nat Geo Wild, a channel focused on animals. While they produced documentaries equal in quality to the magazine’s rigorous reporting, the channels — managed by Rupert Murdoch’s 21st Century Fox — also aired pseudoscientific entertainment programming about UFOs and reality series like “Sharks vs. Tunas” at odds with the society’s original high-minded vision. The magazine’s place of honor continued to dim through a series of corporate reshufflings that began in 2015 when the Society agreed to form a for-profit partnership with 21st Century Fox, which took majority control in exchange for $725 million. The partnership came under the Disney banner in 2019 as part of a massive $71 billion deal between Fox and Disney. Among those who lost their jobs in the latest layoff was Debra Adams Simmons, who only last September was promoted to vice president of diversity, equity and inclusion at National Geographic Media, the entity that oversees the magazine and website. At the time, David Miller, executive vice president of National Geographic Media, said the magazine was “realigning key departments to help deepen engagement with our readers while also nurturing existing business models and developing new lines of revenue.” In an email to The Post on Wednesday, National Geographic spokesperson Chris Albert said staffing changes will not affect the company’s plans to continue publishing a monthly magazine “but rather give us more flexibility to tell different stories and meet our audiences where they are across our many platforms.”

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, June 29th, 2023. Samaritan Ministries How are you paying for your health care, and how’s it working out? If it’s working perfectly, great! If not, then listen closely, because I have a solution for you. A Biblical solution. Samaritan Ministries is a community of Christians who pay one another’s medical bills. Here’s how it works. When a medical need arises, you choose the provider that’s right for you, and have a say in the treatment you receive, even if it’s a non-conventional approach. Your medical bills are shared with fellow members, and your need is covered in prayer. It’s affordable, and you can join anytime, even today. Learn more at samaritan ministries dot org slash cross politic. https://www.cnbc.com/2023/06/27/summer-air-travel-severe-weather-faa-shortfalls-kick-off-rocky-start.html Severe weather, FAA shortfalls kick off rocky start to summer air travel Flight disruptions mounted Tuesday as severe storms and staffing issues kicked off a rocky start to summer. More than 7,700 flights were delayed Tuesday and nearly 2,200 were canceled, FlightAware data showed, as thunderstorms that derailed thousands of trips over the weekend lingered in airspace that is heavily congested on a clear-weather day. That’s on top of more than 8,800 U.S. delays and close to 2,250 cancellations Monday. The Federal Aviation Administration paused flights bound for New York’s LaGuardia Airport, John F. Kennedy International Airport and Newark Liberty International Airport in New Jersey. Delays were averaging three hours or longer at those airports. The FAA said that the thunderstorms were blocking arrival and departure routes. The disruptions come ahead of the busy Fourth of July holiday travel period, when millions are expected to fly. The Transportation Security Administration said it could screen more travelers than in 2019, before the pandemic, raising competition for spare seats. The Biden administration has pressured airlines to improve their operations after widespread flight disruptions last spring and summer, which prompted carriers to trim their overambitious schedules. But the industry struggled to recover this past weekend from a series of thunderstorms that didn’t let up for days. Thunderstorms are difficult for airlines because they can form with less warning than other major weather obstacles like winter storms or hurricanes. Rolling delays could force crews to reach federally mandated workday limits and further worsen disruptions. About 30,000 flights have arrived late since Saturday, FlightAware data showed, with cancellation rates from Saturday through Monday up more than three times the average for the year. Some airline executives have also blamed some of the disruptions on shortages of air traffic controllers. United Airlines CEO Scott Kirby told staff on Monday that “the FAA frankly failed us this weekend.” He said that during Saturday’s storms the FAA reduced arrival rates by 40% and departures by 75% at Newark Liberty International Airport in New Jersey, one of the airline’s biggest hubs. The staffing challenges aren’t new. The Covid-19 pandemic derailed hiring and training of new air traffic controllers, and the agency is now trying to catch up. The Department of Transportation’s Office of Inspector General said in a report last week that air traffic control staffing shortfalls put air traffic operations at risk. In March, the FAA and some airlines agreed to reduce flights to help ease congestion at busy New York airports because of the staffing issues. But the problems persist at a time when airlines are readying crews and schedules for a busy summer season, fueled by sustained travel demand. And the disruptions frustrated flight crews who were left waiting on hold for reassignments. The Association of Flight Attendants, which represents flight attendants at United and others said in a memo to members Monday that hold times for crew scheduling were longer than three hours. In response to the union’s memo, United said it has “deployed all available resources to catch up on call volume, including increasing staffing in crew scheduling and mandatory overtime on the scheduling team.” https://www.theblaze.com/news/over-200-billion-in-covid-relief-funds-lost-to-potential-fraud-and-abuse-gov-t-watchdog-finds-significantly-higher-than-previous-estimates Over $200 billion in COVID relief funds lost to potential fraud and abuse, gov't watchdog finds — significantly higher than previous estimates A report released Tuesday from the Office of Inspector General of the Small Business Administration found that the federal government lost more than $200 billion in COVID relief funds to potential fraud, waste, and abuse. The OIG's latest estimate is significantly higher than previous projections that speculated approximately $100 billion. The relief initiatives included the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs, created to provide emergency financial relief to small businesses and those who lost their jobs due to restrictive lockdown measures. The report estimated that at least 17% of the relief funds, which totaled approximately $1.2 trillion, were disbursed to potential fraudsters, including "more than $136 billion COVID-19 EIDLs and $64 billion in PPP funds." Inspector General Hannibal "Mike" Ware noted that the OIG's investigation into the potentially stolen funds has, so far, resulted in 1,011 indictments, 803 arrests, and 529 convictions. Approximately $30 billion in fraudulently obtained relief funds have been seized and returned to the SBA. Ware previously predicted during a 2021 interview with ABC News, "In terms of the monetary value, the amount of fraud in these COVID relief programs is going to be larger than any government program that came before it." The report claimed that the extensive fraud resulted from the SBA's "weakened or removed" controls to allow swift distribution of emergency funds to those in need. The OIG reported that the eased review process had the "allure of 'easy money'" for fraudsters who saw an opportunity to exploit the SBA's lowered barriers. The OIG's report stated: "OIG is working on tens of thousands of investigative leads on alleged fraud, waste, and abuse of taxpayer resources. Thousands of investigations will ensue for years to come because of swift congressional action to increase the statute of limitations to 10 years for COVID-19 EIDL and PPP fraud. We continue to identify fraud schemes, and we anticipate the overall potential fraud estimate could fluctuate; therefore, we may issue periodic updates to this report.” Bailey DeVries, acting associate administrator of the SBA, expressed concern that Ware's report contained "serious flaws that significantly overestimate fraud." DeVries stated that approximately 86% of the fraud occurred within the first nine months of the relief programs' rollouts, arguing that the agency's controls to prevent fraud improved over time. https://nypost.com/2023/06/28/daniel-penny-pleads-not-guiltyto-manslaughter-charge/ Prosecutors reveal they have more footage of Jordan Neely’s NYC subway chokehold death — as ex-Marine Daniel Penny enters not guilty plea Prosecutors revealed Wednesday they have additional cellphone video from witnesses in Jordan Neely’s subway chokehold death, as Marine Daniel Penny pleaded not guilty to manslaughter charges in the lightning-rod case. The 24-year-old former infantry squad leader — who appeared in Manhattan Supreme Court clean-shaven and wearing a blue suit and maroon tie — was arraigned on charges of second-degree manslaughter and criminally negligent homicide during the brief, minutes-long hearing. A stoic Penny spoke only to say “Not guilty” as more than 50 people — including his supporters, backers of Neely, 30, and many members of the media — looked on. The Long Island native was caught on bystander video putting Neely — who witnesses said had been threatening subway riders — into a chokehold on an F train on May 1. The medical examiner’s office later ruled Neely’s death a homicide. Court documents filed Wednesday show that prosecutors have at least five cellphone videos from three witnesses to the deadly encounter that they plan to introduce as evidence. They also have videotaped statements from two other witnesses, as well as two MTA surveillance videos and police body-worn camera footage, the document states. Additionally, prosecutors disclosed they have a videotaped statement that Penny made to cops the day of the incident — when they released him without charges. Penny’s statements to cops inside the Broadway-Lafayette Street station, as detailed in the filing, echo what he has said publicly about the incident since. Penny described what could be seen in the shocking video of the confrontation, that Neely was “rolling, he was rolling, when he was in a choke. He was going crazy,” the filing states. Penny also told police that Neely was “acting irate, dropping things on the floor, saying he doesn’t care if he goes to jail,” according to the court doc. Penny surrendered to authorities on May 12 after the Manhattan District Attorney’s Office brought charges against him. He was indicted by a grand jury earlier this month and remains free on $100,000 bail. He faces up to 19 years behind bars if convicted on both counts. Penny has said he didn’t mean to kill Neely, but that he felt he had to step in for the safety of other passengers as Neely — who had a long history of mental illness — had been throwing trash at riders and threatening them as they moved away from him. https://www.washingtonpost.com/media/2023/06/28/national-geographic-staff-writers-laid-off/?utm_source=feedly&utm_medium=referral&utm_campaign=wp_homepage National Geographic lays off its last remaining staff writers Like one of the endangered species whose impending extinction it has chronicled, National Geographic magazine has been on a relentlessly downward path, struggling for vibrancy in an increasingly unforgiving ecosystem. On Wednesday, the Washington-based magazine that has surveyed science and the natural world for 135 years reached another difficult passage when it laid off all of its last remaining staff writers. The cutback — the latest in a series under owner Walt Disney Co. — involves some 19 editorial staffers in all, who were notified in April that these terminations were coming. Article assignments will henceforth be contracted out to freelancers or pieced together by editors. The cuts also eliminated the magazine’s small audio department. Departing staffers said Wednesday the magazine has curtailed photo contracts that enabled photographers to spend months in the field producing the publication’s iconic images. In a further cost-cutting move, copies of the famous bright-yellow-bordered print publication will no longer be sold on newsstands in the United States starting next year, the company said in an internal announcement last month. National Geographic writer Craig Welch noted the moment in a tweet on Wednesday: “My new National Geographic just arrived, which includes my latest feature — my 16th, and my last as a senior writer. … I’ve been so lucky. I got to work w/incredible journalists and tell important, global stories. It’s been an honor.” The magazine’s current trajectory has been years in the making, set in motion primarily by the epochal decline of print and ascent of digital news and information. In the light-speed world of digital media, National Geographic has remained an almost artisanal product — a monthly magazine whose photos, graphics and articles were sometimes the result of months of research and reporting. At its peak in the late 1980s, National Geographic reached 12 million subscribers in the United States, and millions more overseas. Many of its devotees so savored its illumination of other worlds — space, the depths of the ocean, little-seen parts of the planet — that they stacked old issues into piles that cluttered attics and basements. It remains among the most widely read magazines in America, at a time when magazines are no longer widely read. At the end of 2022, it had just under 1.8 million subscribers, according to the authoritative Alliance for Audited Media. National Geographic was launched by Washington’s National Geographic Society, a foundation formed by 33 academics, scientists and would-be adventurers, including Alexander Graham Bell. The magazine was initially sold to the public as a perk for joining the society. It grew into a stand-alone publication slowly but steadily, reaching 1 million subscribers by the 1930s. The magazine was eventually surpassed for profits and attention by the society’s video operations, including its flagship National Geographic cable channel and Nat Geo Wild, a channel focused on animals. While they produced documentaries equal in quality to the magazine’s rigorous reporting, the channels — managed by Rupert Murdoch’s 21st Century Fox — also aired pseudoscientific entertainment programming about UFOs and reality series like “Sharks vs. Tunas” at odds with the society’s original high-minded vision. The magazine’s place of honor continued to dim through a series of corporate reshufflings that began in 2015 when the Society agreed to form a for-profit partnership with 21st Century Fox, which took majority control in exchange for $725 million. The partnership came under the Disney banner in 2019 as part of a massive $71 billion deal between Fox and Disney. Among those who lost their jobs in the latest layoff was Debra Adams Simmons, who only last September was promoted to vice president of diversity, equity and inclusion at National Geographic Media, the entity that oversees the magazine and website. At the time, David Miller, executive vice president of National Geographic Media, said the magazine was “realigning key departments to help deepen engagement with our readers while also nurturing existing business models and developing new lines of revenue.” In an email to The Post on Wednesday, National Geographic spokesperson Chris Albert said staffing changes will not affect the company’s plans to continue publishing a monthly magazine “but rather give us more flexibility to tell different stories and meet our audiences where they are across our many platforms.”

During the Covid-19 pandemic, the US Government created EIDL loans through the SBA, which were designed for small businesses.  With low-interest rates and 30-year terms, these loans were created to help small businesses stay afloat during the pandemic's economic slowdown.  The loans required the SBA to put a perfected security interest lien in place against a company's assets, meaning no other lender could use your company's assets as collateral.  This creates a problem when you need more funding from other sources.  Join Seth Block as he discusses strategies to keep your SBA loan in place while renegotiating your SBA-encumbered assets to help you grow. About The Funding University: The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA. Visit The Funding University: ⁠https://www.thefundinguniversity.com⁠ Get Access To: 1. Blog: ⁠https://www.thefundinguniversity.com/blog⁠ 2. CPE Courses & Modules: ⁠https://www.thefundinguniversity.com/cpe⁠ 3. TFU Masterclass: ⁠https://www.thefundinguniversity.com/masterclass⁠ 4. Funding Expert Certification: ⁠https://www.thefundinguniversity.com/certification

The pandemic has presented various challenges to medical practitioners, particularly the issue of payroll and overhead costs. With funds from PPP, EIDL, and HHS grants running out, and insurance companies not raising reimbursable rates, chiropractors are struggling to stay afloat.In this episode, I interview Greg Crabtree, a practicing CPA and partner in one of the top 20 national firms in the US. Greg shares his experience as a consultant and speaker to entrepreneurs worldwide, discussing his two books on the concept of "simple numbers." He emphasizes the importance of creating capital through profit and retention and guiding businesses to plan accordingly. We also tackle the following topics, but not limited to:· What it looks like to have a well-capitalized business · How much is too much overall labor costs in your practice. What is potentially too little. · What percentage of profits should you aim for each year. · How to know if you can afford to hire team members. · Making accurate financial decisions in your business for optimal growth. We discuss how to determine when overhead is getting too high due to payroll and if medical practitioners can afford to hire more staff. The concept of labor efficiency rates (LER) in chiropractic practices is discussed as well.To find out more about Greg Crabtree you can find more at simplenumbers.me or greg.crabtree@cricpa.com

With credit card debt exploding, interest rates rising and banks failing, you may not think that title insurance and national settlement services are a big concern to consumers and lenders. Just the opposite is true. In many instances knowing what kind of title insurance to obtain, when to file a title claim and how to use title companies to protect both lenders and borrowers subject to a lawsuit, can be a game changer that will save your “legal hide." For Lenders, GSEs, and investors who are now sitting on toxic loan portfolios that have been in forbearance or workout status for years, the day of reckoning may be coming. Just as free and easy money masked a multitude of problems for Banks that invested poorly in T- Bills and T-Notes, so may the “other shoe drop,” as Lenders sitting on non-performing commercial and residential RE loans, as well as Lenders and GSE's holding unsecured PPP and EIDL loans, may have to face the music that the assets are not worth nearly what they are booked for on the balance sheet. Join Spencer as he interviews Randy Fernando of Property IQ Management as they discuss these issues, how you can protect and prepare, and whether the recent failures of SVB, Signature Bank and the fire sale of Credit Suisse, are just the tip of the iceberg. Disclaimer: None of the legal, or financial opinions or information expressed in this podcast may be relied on as legal, or investment advice by Scheer Law Group, LLP. Laws and economic issues affecting the subjects of this podcast change daily. This mandates specific review of legal or economic issues of interest or concern to you with legal counsel or financial advisors who are experienced in the areas of law or finance discussed in this podcast. For more on Scheer Law Group, LLP, go to www.scheerlawgroup.com

It's crazy to think about the number of people in managerial and leadership positions that abuse their power. From intimidating those under them, micro-managing to show seniority, and the most childish of all….choosing favorites. It's as if they forgot the Golden Rule growing up: Treat others as you want to be treated. In the first segment, we're discussing all things Leadership and what it means to be one.Since Season 1, we've been transparent on our EIDL & PPP journey that we experienced during the pandemic and the runaround that we got. Well, three years later, the “Watchdog” put in place by the government is on full hunt-mode to find those that defrauded the programs (getting tens of thousands if not millions in funding). With this being an ongoing event, we're gonna get into what we can and continue to monitor the progress made.  Welcome to Season Five Episode Three of Authentic Filters! If you enjoyed what you watched and/or listened to and want to keep the conversation going, be sure to like, subscribe, and share with your family and friends on Apple Podcast, Youtube or wherever you listen! We want to thank you for taking the journey with us thus far…Let's Get Into It.

This week, 21 Hats columnist and finance expert Ami Kassar assesses the state of small business lending with Loren Feldman. Among other things, they discuss why it's important to manage your EIDL loan carefully, how much of a line of credit every business should have, how to get a zero-percent-down loan from the SBA, and how much progress Ami has made toward firing himself.

I'm sharing COVID EIDL Payment updates related to hardship, deferments, forgiveness and more. You'll also learn about other SBA disaster relief programs that can support your small business in the event you're impacted by a natural disaster. More programs are being made available to prepare your business and support your business to sustain during a crisis event. Reference

On today's episode of the podcast I'm sharing my interview with Claire Pelletreau to discuss her year in review that was originally featured on Claire's Get Paid Podcast. I had Claire on my podcast last December to look at her 2021 year end review and kick off my profit and loss series where I've interviewed business owners to review their P&L numbers. Check out Episode 204 - Discussing a Multi-Six Figure P&L with Claire Pelletreau here. During this episode Claire talked about what wasn't really working in her business and what she wanted to change and here we are a year later reviewing 2022 and the changes she made that led to her having her best year yet this year. Claire does not typically do annual planning due to past thoughts that do not serve here around her ability to plan and execute a plan combined with last year when she was reevaluating her business and if she wanted to continue with it. That led to the end of last year when she launched The Get Paid Mastermind (not Get Paid Marketing) that resulted in seven members paying $9,000 each. In 2022 she focused on the program. Heading into 2022 she had the program on evergreen and didn't focus on selling anything in January since she didn't have content for the program, it was coaching with a custom marketing plan so she focused on the clients. She was having mindset problems around sales and results until she joined a mastermind. Claire made another sale of the mastermind in February of 2022 and parted ways with her mastermind around the same time due to not being a good fit for one another. In March, Claire started to make some changes and got some new students in but also made the decision to stop offering it on evergreen because she was not fully focused on delivery nor fully focused on selling. Claire's program, Absolute FB Ads, continued to remain on evergreen. With The Get Paid Program, Claire had her previous course content but the big thing she wanted to dive into was conversion optimization and talking to leads coming from cold traffic because that was the biggest issue for some students which was not something Claire had experienced herself. From January 1, 2022 to February 28, Claire brought in $25,000 which might sound like a lot but between what Claire was paying her team and herself, that brought the business into the red. Fast forward to the beginning of December 2022 when this episode was recorded and Claire had brought in $437,000. January and February made up just 5% of the year's revenue. In 2022, the only ads Claire ran were to her podcast and retargeting ads for enrollment periods but no ads to any sales funnel webinars. In 2021, Claire had been focused on doing all her launches in evergreen and not as part of a live launch but it didn't help with selling very well. In May 2022, Claire did two launches in one which she discussed with me in the episode Launch Postmortem: “I Didn't Even Care At The End.” She decided to live launch with an enrollment cap to better serve her students and also with hopes to improve conversions. The enrollment cap helped Claire's mindset and found that bringing everyone in at the same time into the same cohort creates greater student bonding but doesn't mean those relationships can't be built with evergreen. The last day to join through the May launch was June 2, 2022 and the year-to-date revenue through June 2 was $158,500. Through the end of June it came to about $168,000 for the first half of the year. Claire did a second launch that ended in November but all the spots were spoken for by the end of October. Looking at the numbers between the launches, July and August were about the same. August through September 30, 2022 was $21,000 which is less than 5% of the annual revenue. Because most of the program members were pay in full members, there was not monthly recurring revenue coming in every month. Claire said having her business slush fund helped her better handle her down months. And in the slow season in the beginning of the year Claire was also paying $5,000 a year for coaching so it looked so unprofitable for so long. It was not until recently Claire had this business slush fund and got off the WTF Happened to My Money Hamster Wheel. For the October launch, applications for the 20 spots opened on October 20 and cart closed on November 3. All spots but one were paid by Halloween. Due to timing, some were not able to be let in. She considered taking seat deposits for next launch but isn't sure what she wants the price point to be next time. I recommend that Claire start a lead list of those interested for the next launch. Having hit capacity, I ask Claire if she's interested in bringing in additional coaches to take on more clients for future launches. For this current cohort Claire brought in a new ads coach to replace a team member who was leaving and adding increased hours to the position and to another member of her team. Next launch she is focusing on higher price point, lower student number. The October launch at $9,000 with 20 students brought in $180,000. With the payment plan it came to $186,000 with 16 members doing pay in full and for using the payment plan which came to about $158,000 cash in hand at the end of the launch. In the May launch she had 50% take the payment plan. Looking at where Claire spent the $158,000, she already knew she was going to re-enroll her in her mastermind which was a $25,000 investment in the beginning of November. Also in November she decided to go to Life Coach Live last minute using airline miles (which she said was not great choice since it could have been a business deduction) and spent about $1,500 on the hotel and $2,000 on the VIP conference ticket upgrade. While there she decided to join Life Coach Certification for $18,000. She also donated heavily and bought expensive gifts for others and herself. At the event Claire met enough people who bought her evergreen Absolute FB Ads which more than paid for the event. Claire said her takeaways from the event will lead to her making a million dollars in 2023. Looking at $50,000 being 30% of her launch revenue, $50,000 to make one million dollars was a great investment for Claire because she is someone who invests and makes money off her investment. Claire shares that she has to be really cognizant now of what gets spent to make it to the next launch which she says may be a scheduling issue to start the year with so many months of no revenue but knowing that the launches will be so big that it will make up for that. In addition to Claire's regular slush fund, all of which she pulled out during the year for the down payment on a house, what she also has is the EIDL loan for $150,000 that she has started to pay back but has very low interest which allows Claire to view it as additional cushion and allows her to take risk. With a goal of seven figures in 2023, to get there Claire will need to double her revenue from 2022. Earlier in 2022 Claire did a revenue projecting exercise now that she has the belief in herself to sell 20 slots each time in her program so she can do revenue projections around 20 people each time. Next year she projects the price may be $15,000 times 20 people times two launches comes to $600,000. She also plans to decrease the program from six months to five as she has seen decreased engagement right after month five. In addition to the $600,000, Claire did a very conservative estimate of Absolute FB Ads sales being $120,000. She plans for this to be the course that everyone considers for Facebook ads. This course also could make Claire $1,000,000 if she she sells just 400 of the courses currently priced at $2,500. Believing something is possible without yet knowing how is Claire's new mindset. Claire is also mentally blocking out time for a possible round of IVF in 2023 which she knows could impact her time and energy in her business. In 2022, expenses to date were $245,000 so round to $255,000 for 2022 for the year and includes Claire's salary through payroll. Taking the $437,000 year-to-date revenue and rounding to a $450,000 estimate for 2022 and $255,000 in expenses and the $60,000 from the business savings that Claire took out for the down payment on the house and then an additional $10 or 20,000 on top of her usual as an owner's equity draw. Also included in owner's equity is the small handful of expenses business owners run into when they accidently buy something on the business card. In Claire's case, this looked like a dry cleaning expense when she forgot she didn't have her personal card on her at pick-up. I make my personal credit card payments directly form my business bank account and classify them as owner distributions. Everything left in the bank after expenses and owner's equity draw would be retained earnings. In 2022 Claire's payroll was almost $38,000 bringing profit to about $230,000 making it Claire's best profit year which is a little over 50% profit. Ultimately, what most of us care about is what we're able to pay ourselves. The higher our profit before salary, the more we can pay ourselves. Going into the live event that Claire attended for her mastermind, she told people that she felt embarrassed about her revenue given how many years she'd been in business. Looking back at 2022, Claire shares that her people pleasing got in the way but with two six-figure launches in 2022 she sees that the money is now reflecting that she's saying "fuck that" and liking who she is more now. She doesn't feel fear about needing to repeat this success next year based on the current tools she has. Claire ends the podcast sharing that in 2023 or 2024 she will be hosting a life event, the details are still to be determined. Get in Touch with Our Guest Host Claire Pelletreau, Facebook and Instagram Ads expertListen to the Get Paid Podcast Visit Claire's website

On this special episode of Small Biz Florida host, Tom Kindred is joined by Public Affairs Specialist for the Small Business Administration Jack Camp. Together, Tom and Jack discuss Small Business Administration Loan Programs available to businesses that suffered from Hurricane Ian's destruction. Specifically the EIDL program. They cover several topics including an update on the east coast after Hurricane Nicole, where you can go to get help filling out an application, how to prepare for a disaster, and much more. This episode is one you don't want to miss.

If you are a business owner in the US this is a MUST-LISTEN Episode. Working Capital & Business Funding - Employee Retention Tax Credit EXPLAINED https://www.aceercspecialists.com/ *Click above to apply* Throughout the past year or two there have been thousands of businesses across the country (including my own) that have struggled with their day to day operations due to government mandates, changing supply chain structures, and many other scenarios. There are many programs available to business owners like you and I that you may or may not know about. Tune in this week to hear more about the ERC Tax credits - What are they, how do they work, and who all is eligible? Apply Here: https://www.aceercspecialists.com/ Follow us on social: @andrewevansofficial @aceweeklypodcast 02:30- Employee Retention Tax Credit with Ben Jerome 04:30 - What is it?  05:30 - Eligibility 10:00 - Who all qualifies? 13:00 - How much funding can I get? 16:00 - What happens if I missed out on PPP and EIDL money? 18:00 - Use of Funds 22:00- Using ERC Specialists for safety and ease through the process 28:00 - Experience in filing 34:00 - What does it cost / are there any fees?   https://www.aceercspecialists.com/    

The Employee Retention Credit (ERC) under the CARES Act encourages businesses to keep employees on their payroll. According to the IRS website, the refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.In this episode, we have the privilege to talk to Sunshine Joy Chapman, the president at ERC Provider. This company is solely dedicated to helping small businesses recover from the pandemic. The qualified team helps you maximize your Employee Retention Credit, as they do all the work and all you do is collect the funds. Please stay tuned.Follow the show note link below and partner with the company featured to see if you are eligible for this opportunity.  We have partnered with this company and will receive a small commission compensation for those that sign up.-----Join The Wedding Pro CEO Podcast Community on Facebook!  A free group to take the conversation past the podcast and share best practices, get quick tips you can implement today and be part of a like minded group of CEOs who are building the profitable business they've always dreamed of! For full show notes and guest links click HERE! Please share your biggest takeaway and REVIEW THE PODCAST HERE!  Follow me online!!Brandeegaar.com Instagram Facebook -----#FemaleEntrepreneur #weddingproceo #weddingprocoachCLICK HERE to schedule a DISCOVERY CALL with KICKSTART ACCOUNTING!!!Support the show

How much control do you need? How much risk can you handle? This week, Ami Kassar, a small business finance expert, recalls feeling inadequate when he saw other entrepreneurs raising lots of money and going for broke (and sometimes getting there). He began to realize that there are different entrepreneurial personality types, and he's developed a survey that can help you understand your own entrepreneurial instincts. The founder of MultiFunding also discusses how willing banks are to lend right now, what businesses should do to prepare for a downturn, why it's important to manage your EIDL loan carefully, and whether it ever makes sense to turn to an alternative lender.

SponsorsFreshBooks https://cloudaccountingpodcast.promo/freshbooksRelayFI https://cloudaccountingpodcast.promo/relayLiscio https://cloudaccountingpodcast.promo/liscioNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes1:46 –

While the culture war rages on (and yes, it's pretty hot today) ... there is an entirely different kind of storm on the horizon.   And tax professionals are perfectly primed for it ... maybe.   And we're seeing good things RIGHT NOW in the advertising data ... and we've got some thoughts on what is coming for tax resolution services.   Hint: it's going to be a BIG deal.   The head of Tax Resolution Academy (and longtime TaxProMarketer agency client) Dan Henn, CPA, offers his 10,000-foot perspective and how your practice can ride this rocketship -- EVEN IF YOU ARE NOT AN EA or CPA.   As you must know ... the expiration of the PPP, and the EIDL programs (and various sundry pandemic credits) will expose many zombie companies for what they are -- and will inevitably create some 941 "issues".   Not to mention the very likely recession to come.   But as you must know -- this translates into an opportunity to be of great service. There will be thousands and thousands of taxpayers in distress with the IRS.   And they need YOU -- the caring local professional ... NOT the hyperdrive national sales outfits who are just looking for the next tally on their whiteboards.   The very good news is that we have been hitting upon some campaigns that are driving MAJOR leadflow for these services -- right now.   We share all of that in this session as well as how you can set up your own campaigns for maximum conversions.

#253: How to Get a Check from the IRS for Your Employee Retention Credit with Catherine Tindall Catherine Tindall is an entrepreneur, CPA and partner with Dominion Enterprises. She specializes in advanced tax reduction and is an expert on the employee retention credit, which is what this episode is all about.   What's in it for you?  If you own a business, work for a business, or know someone who owns a business, this episode could be worth a lot of money.     What is the Employee Retention Credit, and why does it exist?   How the Employee Retention Credit is different from PPP or EIDL. How to determine if you might qualify. Some common misconceptions about ERC. A few case studies of businesses that received substantial checks for the ERC.   The deadline when the Employee Retention Credit will go away. Resources mentioned in this construction podcast episode: See if you qualify for the Employee Retention Credit - https://dominiones.com/ Get Out of Your Business: Make it Run Without You This Year - www.constructionleadingedge.com/getout Apply to Work with Our Team to Systematize Your Construction Business: www.constructionleadingedge.com/apply Raken - Get the data you need to build better projects with an app your field crews will actually  use - https://www.rakenapp.com

Chris joins me today on the show, along with Mark Sullivan and Josh Zieglowsky of ERC Specialists, a specialty payroll company exclusively dedicated to understanding and maximizing the CARES Act Employee Retention Credit (ERC) for U.S. businesses affected negatively by COVID-19. You've heard about PPP and EIDL, but this is actually a refund for the W2 wages that you paid as an employer. Mark and Josh explain what this tax credit is all about, who qualifies for it, and why your CPA hasn't told you about this yet. They also break down what you can expect from their services and highlight why this program is one of the few win-win-win situations out there.    IN THIS EPISODE, WE TALK ABOUT: The types of businesses that qualify for ERC  What this refund can do for your company  What inspired Mark and Josh to start ERC Specialists Addressing fear points and frequently asked questions    RESOURCES Take the ERC Specialists 5-minute questionnaire at fastercexperts.com.  Sign up for The Spritz newsletter at litepink.com! Text PODCAST to 310-496-8363 for updates and a chance to be featured on the show!   CONNECT WITH LORI Follow Lori: @loriharder Follow Lite Pink: @drinklitepink Follow Earn Your Happy: @earnyourhappy Follow Girlfriends & Business: @girlfriendsandbusiness Listen to Girlfriends & Business   CONNECT WITH CHRIS Follow Chris: @chriswharder Visit Chris' Website: https://chrisharder.me  Listen to The Chris Harder Show 

Chris joins me today on the show, along with Mark Sullivan and Josh Zieglowsky of ERC Specialists, a specialty payroll company exclusively dedicated to understanding and maximizing the CARES Act Employee Retention Credit (ERC) for U.S. businesses affected negatively by COVID-19. You've heard about PPP and EIDL, but this is actually a refund for the W2 wages that you paid as an employer. Mark and Josh explain what this tax credit is all about, who qualifies for it, and why your CPA hasn't told you about this yet. They also break down what you can expect from their services and highlight why this program is one of the few win-win-win situations out there.    IN THIS EPISODE, WE TALK ABOUT: The types of businesses that qualify for ERC  What this refund can do for your company  What inspired Mark and Josh to start ERC Specialists Addressing fear points and frequently asked questions    RESOURCES Take the ERC Specialists 5-minute questionnaire at fastercexperts.com.  Sign up for The Spritz newsletter at litepink.com! Text PODCAST to 310-496-8363 for updates and a chance to be featured on the show!   CONNECT WITH MARK AND JOSH Visit their website: ercspecialists.com    CONNECT WITH LORI Follow Lori: @loriharder Follow Lite Pink: @drinklitepink Follow Earn Your Happy: @earnyourhappy Follow Girlfriends & Business: @girlfriendsandbusiness Listen to Girlfriends & Business   CONNECT WITH CHRIS Follow Chris: @chriswharder Visit Chris' Website: https://chrisharder.me  Listen to The Chris Harder Show    ABOUT JOSH Josh has been an entrepreneur for almost 20 years. His primary focus is investing in residential and commercial real estate. Josh's key expertise includes asset and portfolio management, broker relations, investor and client relations, banking relations, economic and demographic trends, market analysis, due diligence oversight, financing oversight, acquisition and disposition strategies, transaction oversight and business development.   When Josh first learned about the ERC, he spoke to some CPAs and payroll firms but was unsuccessful in finding a solution for his company's filings, so he took it upon himself to help other businesses receive this credit from the government. He took the approach of the book “Who not How” to hire top experts who specialize in this niche program. With his dream team in place, Josh now leads business development and marketing at ERC Specialists.   When Josh isn't working, he's spending time with his wife of 21 years, Taryn, and his four children. Josh grew up in Morgan, UT where he was a multi-sport athlete but his love was in basketball. Now, years later, he gives back by coaching local students to succeed both in sports and in life.   ABOUT MARK Mark Sullivan has more than 20 years of experience building and scaling profitable companies. When Mark heard about ERC Specialists, he immediately saw the opportunity to help thousands of business owners recover from the pandemic, and he answered the call to lead our company as CEO.   Over the last 10 years, Mark has founded and launched 5 different companies that each hit $1m in sales in their first 12 months in business. During that time as a co-owner and acting CEO, he generated over $30m+ in revenue. As acting CEO for ERC Specialists, he's had the opportunity to oversee over half a billion dollars of filed credits helping thousands of businesses access COVID-19 relief funds.   As the leader of ERC Specialists, Mark drives the company's strong commitment to its mission of empowering growth, which includes the growth of our employees, customers, community relationships, and affiliates. He's relentlessly committed to the cause of helping business owners and is working hard each day to make it a reality.   Mark has a passion for life, family, and creating solutions that help others. When Mark is not building world-class companies, you'll find him on an ATV exploring the mountains of Utah, playing basketball with his four sons, or savoring the sweet life with his wife April.

In Edible-Alpha® podcast #112, Andy sits down with Stephanie Schneider of Together Farms in Mondovi, Wisconsin, at the edge of the Driftless Area. This diversified farm business sells 100% grass-fed beef and lamb, pastured heritage pork, and meal kits direct-to-consumer, delivering locally and shipping regionally. Together Farms also hosts farm tours and Burger Night onsite. Stephanie and husband Andy purchased the “dilapidated old dairy farm” and small farmhouse in 2009, wanting to raise their daughters in the country and produce their own food. Neither had ag experience, so they had to learn it all—and build most of the infrastructure—as they went. Committed to raising animals 100% on grass, they made mistakes along the way but gained knowledge and experience too. Around 2012, adjacent acreage came up for sale, so the Schneiders seized the fortuitous opportunity, bought the land, and tried to turn farming into a real business. They planned to sell their meats at farmers markets, but when that fell through last minute, they pivoted to online sales—long before most farms were doing it. Figuring out e-commerce was tricky, as neither Stephanie nor Andy had marketing backgrounds either, but they got it dialed in. Then a few years ago, Stephanie was “drowning in lard” and wanted to figure out a way to use it. She also hoped to branch into agritourism. To accomplish both, plus feature Together Farms' grass-fed beef, she came up with Burger Night. The Schneiders didn't have restaurant experience, but folks from farm-to-table restaurants they supplied meat to helped them get it off the ground. After a successful test-run in 2017, bolstered by a feature on Wisconsin Foodie, the Schneiders invested in the infrastructure to host Burger Night every weekend May through October. The event really took off during the height of the pandemic and now draws some 500 people per weekend. Although Stephanie quit her day job two years ago, the family still relies on Andy's off-farm income. He plans to join her full-time within two years, which will help them “get our heads above water from the daily grind,” get a better handle on their businesses, and boost efficiencies across the board. In the meantime, the Schneiders secured loans to construct a building for hay storage and pig housing, plus a multipurpose facility for shipping and receiving and a farm store. They aim to finish both buildings this year. Ultimately, the store will feature Together Farms' meats alongside other local producers' goods. Smartly, the Schneiders have incorporated their multiple enterprises as separate businesses. And while Stephanie says they still have a lot to learn about finances, they've done a good job of keeping expenses in line with cash flow, receiving help from FSA, EIDL money, and Buy Local, Buy Wisconsin grants. Once the new buildings are complete and Andy becomes full-time, they'll streamline operations further and hopefully drive more revenue.

In this episode, we talk about some things you need to consider when paying for your COVID-19 Economic Injury Disaster Loan (EIDL). Funded by the Small Business Administration (SBA), the EIDL was one of the ways to help small businesses take care of their cash flow needs related to their business operations. If you're just sitting there on your SBA money, and you didn't use it, now is absolutely the time to figure out whether you need to keep it. Otherwise, you should likely consider paying it back if you're not going to use it in a way that's going to earn more than what the interest is costing you. For those businesses that took advantage of this opportunity, the bills are coming due. They've delayed it several times so there has been some confusion on the due dates. People have started getting email notifications. In their last email notification around mid-April, they stated they had deferred payments for another six months.  Since the interest rates are so low, the payments are extremely reasonable considering its 30-year payment schedule too. So it shouldn't hurt the bank account of small businesses too much if you're getting ready to book a loan repayment.  In this episode, you will hear: Requesting an increase in your EIDL loan as a second loan How to check your balance on your SBA EIDL loan When to start making payments No prepayment penalty for EIDL loans What happens if you miss a payment Getting other loans when you have an SBA EIDL loan in place Subscribe and Review Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.  We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: SBA EIDL Loan Check your balance here: Capital Access Financial System Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Lori joins me today on the show, along with Mark Sullivan and Josh Zieglowsky of ERC Specialists, a specialty payroll company exclusively dedicated to understanding and maximizing the CARES Act Employee Retention Credit (ERC) for U.S. businesses affected negatively by COVID-19. You've heard about PPP and EIDL, but this is actually a refund for the W2 wages that you paid as an employer. Mark and Josh explain what this tax credit is all about, who qualifies for it, and why your CPA hasn't told you about this yet. They also break down what you can expect from their services and highlight why this program is one of the few win-win-win situations out there.    IN THIS EPISODE, WE TALK ABOUT: The types of businesses that qualify for ERC  What this refund can do for your company  What inspired Mark and Josh to start ERC Specialists Addressing fear points and frequently asked questions    RESOURCES Take the ERC Specialists 5-minute questionnaire at fastercexperts.com.  Text DAILY to 310-421-0416 to get daily Money Mantras to boost your day.    CONNECT WITH MARK AND JOSH Visit their website: ercspecialists.com    CONNECT WITH LORI Follow Lori: @loriharder Follow Lite Pink: @drinklitepink Follow Earn Your Happy: @earnyourhappy Follow Girlfriends & Business: @girlfriendsandbusiness Listen to Girlfriends & Business Listen to Earn Your Happy   CONNECT WITH CHRIS Follow Me: @chriswharder Visit My Website: https://chrisharder.me    ABOUT JOSH Josh has been an entrepreneur for almost 20 years. His primary focus is investing in residential and commercial real estate. Josh's key expertise includes asset and portfolio management, broker relations, investor and client relations, banking relations, economic and demographic trends, market analysis, due diligence oversight, financing oversight, acquisition and disposition strategies, transaction oversight and business development. When Josh first learned about the ERC, he spoke to some CPAs and payroll firms but was unsuccessful in finding a solution for his company's filings, so he took it upon himself to help other businesses receive this credit from the government. He took the approach of the book “Who not How” to hire top experts who specialize in this niche program. With his dream team in place, Josh now leads business development and marketing at ERC Specialists. When Josh isn't working, he's spending time with his wife of 21 years, Taryn, and his four children. Josh grew up in Morgan, UT where he was a multi-sport athlete but his love was in basketball. Now, years later, he gives back by coaching local students to succeed both in sports and in life.   ABOUT MARK Mark Sullivan has more than 20 years of experience building and scaling profitable companies. When Mark heard about ERC Specialists, he immediately saw the opportunity to help thousands of business owners recover from the pandemic, and he answered the call to lead our company as CEO. Over the last 10 years, Mark has founded and launched 5 different companies that each hit $1m in sales in their first 12 months in business. During that time as a co-owner and acting CEO, he generated over $30m+ in revenue. As acting CEO for ERC Specialists, he's had the opportunity to oversee over half a billion dollars of filed credits helping thousands of businesses access COVID-19 relief funds. As the leader of ERC Specialists, Mark drives the company's strong commitment to its mission of empowering growth, which includes the growth of our employees, customers, community relationships, and affiliates. He's relentlessly committed to the cause of helping business owners and is working hard each day to make it a reality. Mark has a passion for life, family, and creating solutions that help others. When Mark is not building world-class companies, you'll find him on an ATV exploring the mountains of Utah, playing basketball with his four sons, or savoring the sweet life with his wife April.

Lori joins me today on the show, along with Mark Sullivan and Josh Zieglowsky of ERC Specialists, a specialty payroll company exclusively dedicated to understanding and maximizing the CARES Act Employee Retention Credit (ERC) for U.S. businesses affected negatively by COVID-19. You've heard about PPP and EIDL, but this is actually a refund for the W2 wages that you paid as an employer. Mark and Josh explain what this tax credit is all about, who qualifies for it, and why your CPA hasn't told you about this yet. They also break down what you can expect from their services and highlight why this program is one of the few win-win-win situations out there.    IN THIS EPISODE, WE TALK ABOUT: The types of businesses that qualify for ERC  What this refund can do for your company  What inspired Mark and Josh to start ERC Specialists Addressing fear points and frequently asked questions    RESOURCES Take the ERC Specialists 5-minute questionnaire at fastercexperts.com.  Text DAILY to 310-421-0416 to get daily Money Mantras to boost your day.    CONNECT WITH LORI Follow Lori: @loriharder Follow Lite Pink: @drinklitepink Follow Earn Your Happy: @earnyourhappy Follow Girlfriends & Business: @girlfriendsandbusiness Listen to Girlfriends & Business Listen to Earn Your Happy   CONNECT WITH CHRIS Follow Me: @chriswharder Visit My Website: https://chrisharder.me    ABOUT JOSH Josh has been an entrepreneur for almost 20 years. His primary focus is investing in residential and commercial real estate. Josh's key expertise includes asset and portfolio management, broker relations, investor and client relations, banking relations, economic and demographic trends, market analysis, due diligence oversight, financing oversight, acquisition and disposition strategies, transaction oversight and business development. When Josh first learned about the ERC, he spoke to some CPAs and payroll firms but was unsuccessful in finding a solution for his company's filings, so he took it upon himself to help other businesses receive this credit from the government. He took the approach of the book “Who not How” to hire top experts who specialize in this niche program. With his dream team in place, Josh now leads business development and marketing at ERC Specialists. When Josh isn't working, he's spending time with his wife of 21 years, Taryn, and his four children. Josh grew up in Morgan, UT where he was a multi-sport athlete but his love was in basketball. Now, years later, he gives back by coaching local students to succeed both in sports and in life.   ABOUT MARK Mark Sullivan has more than 20 years of experience building and scaling profitable companies. When Mark heard about ERC Specialists, he immediately saw the opportunity to help thousands of business owners recover from the pandemic, and he answered the call to lead our company as CEO. Over the last 10 years, Mark has founded and launched 5 different companies that each hit $1m in sales in their first 12 months in business. During that time as a co-owner and acting CEO, he generated over $30m+ in revenue. As acting CEO for ERC Specialists, he's had the opportunity to oversee over half a billion dollars of filed credits helping thousands of businesses access COVID-19 relief funds. As the leader of ERC Specialists, Mark drives the company's strong commitment to its mission of empowering growth, which includes the growth of our employees, customers, community relationships, and affiliates. He's relentlessly committed to the cause of helping business owners and is working hard each day to make it a reality. Mark has a passion for life, family, and creating solutions that help others. When Mark is not building world-class companies, you'll find him on an ATV exploring the mountains of Utah, playing basketball with his four sons, or savoring the sweet life with his wife April.

EIDL - Economic Injury Disaster Loan - An Update Hunt discusses the end of the EIDL Program and what shops should know about it as of today. • What is the EIDL Loan Program and what are the terms? • What I am allowed to use this for? • What am I not allowed to use this for? Are they any way around these rules? • Should I pay mine back or should I hang onto it? The Show is sponsored by: Shop-Ware on the web at https://getshopware.com (getshopware.com) NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com (https://repairshopoftomorrow.com) Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : http://www.paarmelis.com/ (www.paarmelis.com) Email Hunt: podcast@paarmelis.com Get a copy of my Book :https://paarmelis.com/your-perfect-shop-book-download/ ( Download Here)

EIDL - Economic Injury Disaster Loan - An Update Hunt discusses the end of the EIDL Program and what shops should know about it as of today. • What is the EIDL Loan Program and what are the terms? • What I am allowed to use this for? • What am I not allowed to use this for? Are they any way around these rules? • Should I pay mine back or should I hang onto it? The Show is sponsored by: Shop-Ware on the web at https://getshopware.com (getshopware.com) NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com (https://repairshopoftomorrow.com) Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : http://www.paarmelis.com/ (www.paarmelis.com) Email Hunt: podcast@paarmelis.com Get a copy of my Book :https://paarmelis.com/your-perfect-shop-book-download/ ( Download Here)

Members, if you haven't done so already, check the status of your EIDL application as soon as possible. If you're offering alcohol to-go sales or thinking about offering this service… then our next webinar about alcohol to-go laws and regulations is for you. The US Small Business Administration has honored *two of our members* as part of National Small Business Week. For more information, go to https://wahospitality.org/Subscribe to Washington Hospitality Industry Podcast on Soundwise

Members, if you haven't done so already, check the status of your EIDL application as soon as possible. If you're offering alcohol to-go sales or thinking about offering this service… then our next webinar about alcohol to-go laws and regulations is for you. The US Small Business Administration has honored *two of our members* as part of National Small Business Week. For more information, go to https://wahospitality.org/ To Read more about Efrem Fesaha, CEO and founder of Boon Boona Coffee in Renton and Seattle and Twenty-four-year-old Jessica Atkinson, CEO of Sweet Frostings Blissful Bakeshop in Spokane go to: https://wahospitality.org/blog/two-members-honored-by-sba/Subscribe to Washington Hospitality Industry Podcast on Soundwise

Especially with the EIDL loans that came out in 2020, many sellers may be looking at potentially paying back their loans early.   While sometimes this can be a good idea, sometimes you want to look at the amount of interest, your ability to borrow again, and your future growth plans before making a final decision. Links Mentioned:Cyndi Thomason - Bookskeep.comRobyn Johnson - Marketplaceblueprint.comMike Micaholwicz- MikeMichalowicz.com01:33 When should you consider not paying back that loan early when you have access to the capital?02:22 Consider if paying your loan off early will save you money.03:19 Why might you not want to pay your loan off early? 08:06 When is it a good idea to pay loans off early?11:20 Understanding the role and importance of forecasting.13:50 Examples of how paying loans off early have not worked out for Cyndi's clients.18:13 Avoid debt spirals that can follow loans for Amazon sellers.22:20 Taking a look to adjust projections to account for the pandemic leap in sales velocity. 24:30 What budget do you have allotted to test new ad strategies, products, and distribution channels?29:26 Five Minute Fix: Understanding lead times and how that impacts your overall stock levels. 

This episode of Fraudology is brought to you by Ravelin. http://ravelin.com/fraudology (Download your copy of their 2022 merchant survey). Survey >> https://www.ravelin.com/fraudology (https://www.ravelin.com/fraudology) In his third appearance on Fraudology, Frank McKenna, the author behind the popular blog "Frank on Fraud" & co-founder of Point Predictive shares the recent statistics shared in Point Predictive's 2022 Auto Fraud Survey, and why auto lending fraud is up 260% since last year! How are people stealing over $7.7 Billion in cars in the US using the auto loan process? What lessons can other fintech companies learn from this report, and the fraud issues plaguing the auto lending industry? Why does Frank believe that the outrageous amounts of money stolen in Covid stimulus payments (PPP, unemployment fraud, EIDL, etc.) is partially to blame for the lending industry's recent increase in fraud? All of these questions and several other topics are covered in this enlightening conversation. Even if your company is not in the auto lending business, there are several lessons to glean. Plus, Frank shared a few "fun" fraud anecdotes that we all can enjoy. Frank McKenna can be found here: https://www.linkedin.com/in/frankmckenna/ and here: https://frankonfraud.com/ The auto fraud report can be found here: https://pointpredictive.com/auto-fraud-trends-report/ Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on https://www.linkedin.com/in/karissehendrick/ (LinkedIn) She brings her experience, expertise, and extensive network of experts to this podcast semi weekly, on Tuesdays and Thursdays.

Did you receive funds from the government as part of the COVID relief efforts? Are you unsure how that money will affect your bonding capacity now? Get up to speed on PPP loans, EIDL loans, and the ERTC on this week's episode.Topics we cover in this episode include:Why it's important to talk to your bond agent about the PPP or other COVID-related government funds you've receivedA crucial cash-saving tip for classifying the employees that you pay with PPP fundsThe loans and grants that have been helpful to contractors and how to address them nowThe importance of obtaining forgiveness letters for taxes and bondingHow accepting government funding affects your bonding capacityLINKSVisit the episode page at https://contractorsuccessforum.com/PPP for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum FIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com

Jun 12, 2020 Episode 136 of Wedding Photographers Unite! In this episode Andy, Neal, and Lindsay are here as actual working photographers again as we discuss: -Photographers Unite…the conference?-Photographing BLM protests as a photojournalist-Actually being working photographers again!-What we've experienced so far as “post-rona” photogs-EIDL update…uhhhh, don't do it-Hand delivering to clients-linktree (and phone trees)-more! […]

Apr 3, 2020 Episode 131 of Wedding Photographers Unite! If you're confused about PPP, EIDL, and Unemployment as part of the Cares Act for small businesses owners like us, you're not alone. This podcast is everything you need to know about deciding how to proceed from here. In this episode we're joined by Tiffany Bastion […]

At the top of the pandemic, many businesses were applying for the PPP and EIDL loans. However, it didn't take long for individuals to figure out how to game the system and take advantage of the process. It was recently reported through Bizjournals.com that roughly 90 billion dollars have been paid out in fraudulent applications. Currently, there are District Attorneys (DA's) throughout several states that are going through the applications that were approved in their state to determine which applications were approved in error. Upon discovery, many of these DA's are seeing red flags and are questioning how these applications got pushed through the verification process. After much research, these DA's are making a clear point to go after every applicant that lied and defrauded the government during a world pandemic. People are being charged, convicted, and doing time for committing wire fraud and money laundering. Many of the sentences seem to range from 18 to 51 months in prison for the crimes committed.This should serve as a message to everyone, that every action has a reaction whether good or bad whether intentional or unintentional.**Our condolences to the “King Family” and the “Kryst Family” on their heartbreaking losses and to anyone who has had to deal with such a tragedy. If you or anyone you know is suffering from suicidal thoughts, please check out your resources as there are some many that are willing to help.Resources:The National Suicide Prevention Lifeline: 800-273-8255Additional Resources can be found at: https://www.cdc.gov/suicide/resources/index.htmlWelcome to Season Three of Authentic Filters! If you enjoyed what you listened to and want to keep the conversation going, be sure to like, subscribe, and share with your family and friends. We want to thank you for taking the journey with us thus far and we're excited to see where it goes next! Let's Get Into It. 

Economic Injury Disaster Loan (EIDL) payments begin as soon as next month, for many small businesses with monthly payments ranging from hundreds up to $2500/month.  At the same time, there are supply chain issues hindering many industries.   Staffing shortages seem to be everywhere.  Inflation is up. gas prices are up.   Building materials and raw materials, also up. I could go on.  I see a "perfect storm" coming.  It seems that many small businesses survived due to EIDL loans, but haven't recovered to the point that they will be able to make the loan payments.  That is the subject of this podcast. I also include some thoughts on what could be done.   Please share this episode with others, and let me here from you.  It's important. My email is rick@federalpcs.com.----------------------Also,  Winning Government Contracts University is live!  To join the group, go to winninggovernmentcontracts.com, and click the WGCU link in the menu at the top.  The first 100 subscribers get a tremendous deal!  $12 a month for a monthly subscription and $120 for a yearly subscription (purchasing a year in advance saves you an additional $24 off the monthly rate).  Use coupon code WGCU for the monthly deal and WGCU2 for the yearly subscription.  

Are you an artist, decorative painter, and/or paint contractor who struggles with bookkeeping? Join Morgan Ray, a Managing Partner at Bookkeeping of Painters, as she delves into how solopreneurs or small businesses can wrangle the financial end of their business. On this chat, we're talking about practical tips, taxes, and more info on EIDL, too. If you'd like to gain financial insight and help grow your business healthily, join us for this chat. Also, stay for the great app recommendation to help wrangle all those receipts! Extras Watch this episode on YouTube.  Listen to more episodes of The Paint Hive Presents.

Smash and GrabsYou've probably seen the crazy videos of groups of people banning together to rob high-end luxury and electronic stores across the country. Most notably, in California and some surrounding areas. Happening in split seconds groups of 10+ people brazenly bum-rush these places and try to take as much as they can. Surely this isn't what our society has come to. People doing what they want when they want and thinking there are no consequences behind it. We as a country are better than that; we as people are better than that. Agencies ReloadedIt's been over 21 months since we applied for the EIDL program with the SBA in the Covid-19 relief. We've been denied multiple times for reasons that didn't match up to the previous and we're now in our final request for reconsideration.A program that was supposed to exist to help small business in a time of a global pandemic has failed in many ways to help thousands of people that were forced to close for good. Only time will tell if we get approved. With a backup of millions of tax returns, the IRS has been in a mess for quite some time. An institution that has been around for decades, one would think their systems would be able to handle the workload, but that certainly doesn't seem to be the case. Finally, as the Biden Administration tries to enforce vaccine shots for all Federal workers and other sectors, it appears they are offering a safety net of sorts for those that choose not to get vaccinated for whatever reason and loose their jobs. Unemployment benefits. Could this incentivize those holding out to continue to do so knowing they'll at least have some form of payment coming in? And for how long will it last before it's cut off? Welcome to Episode 11 of Season 2 for Authentic Filters. If you enjoyed this episode, please be sure to subscribe and leave us a 5-Star Review on Apple Podcast or wherever you listen. Share with your family & friends…Let's get into it.

Summary: Not that anyone is counting, but there's only 145 days left until tax day in the US. To make sure we're making smart year end tax moves and setting ourselves up for success for tax season. Mike Jesowshek, CPA and owner of JETRO, shares what the 2022 tax filing season looks like for small businesses. He gives advice on how to handle health insurance, retirement savings, and what to do if you want to buy a vehicle for the business. If you hired or started selling physical goods, Mike has some tips for you to be aware of the first time your file. Stick to deducting things you're already spending money on, instead of purchasing things you don't need. By turning after-tax dollars into pre-tax dollars through your business, you'll save the most money. Topics on this episode: * New tax law for this year * Accounting methods * Health Insurance deductions * Investing and retirement savings * PPP and EIDL in 2021 * Vehicles and your business Main take away? Use your business to start turning after-tax dollars into pre-tax dollars and save money! About our guest: Mike Jesowshek is a modern and innovative CPA, taking a new age approach to accounting, tax savings, and growing your business. He is the founder of JETRO, a digital accounting firm, and host of the Small Business Tax Savings Podcast. Mike has both a bachelors and masters in accounting.   Mike has spent the majority of his career as an entrepreneur.  He was CFO and co-founded several companies and has experience in all business stages. He set out on a mission to help businesses that have seen and lived the same experiences he did in business.  This is how JETRO was built.  He has been in the shoes of many small business owners out there and his end goal is to help them in one area that most business owners are not familiar with, accounting and taxes. Links: 022: www.petsitterconfessional.com/episodes/022-taxes 044: www.petsitterconfessional.com/episodes/044-coronavirus-relief-options-with-mike-jesowshek 127: www.petsitterconfessional.com/episodes/127 JETRO: https://www.jetrotax.com Facebook group: https://www.facebook.com/groups/taxsavings Podcast Website: https://www.taxsavingspodcast.com/ IRS traveling meal deduction and what is home domicile: https://www.irs.gov/taxtopics/tc511 TaxJar- https://www.taxjar.com Get Payroll Software like GUSTO: https://gusto.com/d/collin1453 Peisner Johnson: https://peisnerjohnson.com Tax Minimization Program: www.taxsavingspodcast.com/tax Relay Bank: https://relayfi.com/ Blog on PPP/EIDL Info: https://www.taxsavingspodcast.com/blog/what-do-i-need-to-know-about-the-covid-relief-bill *Note a change in what was said: "Forgiveness is not taxable and businesses ARE able to deduct expenses paid with forgiven PPP funds." Blog on Cash vs Accrual: https://www.taxsavingspodcast.com/blog/what-is-cash-and-accrual-accounting Blog on Hiring Employees: https://www.taxsavingspodcast.com/blog/how-do-i-hire-employees-in-my-business Blog on Health Insurance Premiums: https://www.taxsavingspodcast.com/blog/how-does-the-deduction-for-self-employed-health-insurance-work Blog on Sales Tax: https://www.taxsavingspodcast.com/blog/what-do-i-need-to-know-about-sales-tax Blog on Vehicles: https://www.taxsavingspodcast.com/blog/what-do-i-need-to-know-about-purchasing-deducting-and-depreciating-a-business-vehicle Blog on Maximizing Deductions: https://www.taxsavingspodcast.com/blog/what-can-i-deduct-as-a-business-expense Full show notes and transcript (https://www.petsitterconfessional.com/episodes/234)

Infrastructure Bill: Borrow, Print, Spend. $31B Taken from Your PocketsI know that most people don't have time for complicated topics. What am I talking about? The Infrastructure Bill of course! It's really just a way for Washington DC to borrow money from American citizens so they can spend it on their own projects. So let me break down what this bill actually does so you can understand why so many economists are up in arms over it.Small business owners should be up in arms! The EIDL program is being rescinded and $31 Billion is being taken away from struggling small businesses. If you are in the process of obtaining an EIDL Loan or Advance it looks like they will honor those dollar amounts. But if you have not applied for either of these programs before the bill is signed then you will miss out on these programs.  Support the show

Women are InvisibleAs the saying goes, If you see something wrong, do something about it. People today are not living by that motto. Just recently, a woman was riding the Septa train in Philadelphia when a man assaulted and raped her on the train in plain view of all the other riders. Many of the passengers on the train stood by and watched. This incident occurred around 8:00pm at night when there was a good number of traffic and the entire time this happened, no one stopped to intervene and help. However, some did feel the need to videotape the horrific incident on their cell phones….can you imagine?It's hard to believe and understand that this is the world we live in. For decades, women have been treated poorly, objectified, and in the present day, not much has changed.As a nation, as human beings, this should not and can not stand. An incident that could have been prevented if bystanders simply would have acted rather than watched. A sad moment in history for everyone that was there and a horrendous moment in time that the victim can never wipe away.SBA Deja VuWe are at it again...applying for reconsideration of our EIDL loan that started way back when in March of 2020. It was a process then and still very much a process now. With all the fraud that took place and the SBA giving money out like running water, it's surprising in many ways that the pot has run out again. But, unfortunately as with most things, the COVID-19 relief fund will be ending December 2021. We are very hopeful that with the new changes to the program, learning from past mistakes, and under the current Biden Administration we'll qualify for the EIDL loan but only time will tell. Welcome to Episode 5 of Season 2 for Authentic Filters. If you enjoyed this episode, please be sure to subscribe and leave us a 5-Star Review on Apple Podcast or wherever you listen. Do us a favor please!...Share with your family & friends. Let's get into it.

Episode 88  During the pandemic, you may have heard about the SBA giving out PPE and EIDL but do you know the history of the Small Business Association? The Beauty Boss Millionaire explains how the organization has evolved into a massive, yet underutilized resource dedicated to supporting small businesses. Tap in to learn if you qualify for a slice of the annual $985 Million budget.  #Funding #EconomicDevelopment #GovernmentContracts #Entreprenuer #Advocacy #MomBoss    Season 8 is available in it's entirety for Patron Members Only. Sign up by clicking Patron Rewards   and pledge your monthly gift or click here to make a one-time purchase from our premium channel aka the BBM VIP Room. As a member, you will gain access to exclusive content on how to establish lines of credit for your business including loans and credit cards. 

On March 27th, 2020 former President Donald Trump passed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. This was a $2.2 trillion stimulus bill in response to the economic fallout of the COVID-19 pandemic in the United States. A portion of this aid was to go to small businesses that had been hit the most financially as a result of the crippling virus. The conduit…the Small Business Administration or as many may know them, the SBA. What should have been a well executed and clear-cut plan as guided by White House officials and lawmakers in Congress, ended up being nothing of a sort. From wide-spread fraud, to inconsistent approvals and unjust denials for economic aid relief, we're diving in deep to the mess that was and in some ways still is the SBA's EIDL and PPP loan programs. We'd like to welcome you to our Third Episode of Authentic Filters: SBA | The EIDL & PPP Loan Debacle. If you applied for one of these loans and were wrongfully denied or even have a story to share on your experience with the SBA, we'd love to hear from you as we know there are others! Email us. If you enjoyed this episode, please head over to Apple Podcast or wherever you listen to Share with others and leave a 5-star review. 

Susanne Mariga is a CPA, Certified Profit First Professional, Author, and Host of the Profit Talk Podcast. She has over 20 years of experience helping clients achieve long-term financial stability by leveraging tax strategies. Susanne works with MBE's and six and seven-figure entrepreneurs to give them the tools to attain record-breaking financial independence. She uses the Profit First systems and strategies to scale businesses and help companies achieve new levels of profitability. Her book, Profit First For Minority Business Enterprises, aims to even the platform and empower the "have nots" with the secret strategies and mindsets of those that "have". In today's episode, Susanne explores the most significant mistakes she sees entrepreneurs making regarding business finances. She highlights the different struggles minority enterprises have to deal with and why she chose to write her book under the Profit First brand. We discuss the definition of what a Minority Business Enterprise is and how to achieve the certification. She explains why a strong billing strategy is essential and the proper mechanisms for establishing owner's pay. She shares what the Profit First system is and what you need to consider about EIDL loans. Susanne also reveals some tax advantages available due to the pandemic and tips for anyone struggling to pay quarterly taxes. “As an owner, you owe it to yourself to pay yourself.” - Susanne Mariga This week on SmallBizChat Podcast: Resources Mentioned: Connect with Susanne Mariga: Become Your Own Boss Book GIVEAWAY! The 2020 pandemic has been so hard on America's small businesses - and America in general. If you're ready to start your dream business, then look no further! I'm currently giving away 1,000 free copies of my best-selling book: Become Your Own Boss in 12 Months. This book has helped over 100,000 people like you to start, build, and grow their small businesses… and now it's your time to shine. All you have to do to get your hands on a free copy is head over to www.beginmybiz.com/freeoffer to sign up for your free offer. You only pay shipping. Let's End Small Business Failure - Together! Thanks for tuning into this week's episode of the SmallBizChat Podcast - the show on a mission to improve small business success. If you enjoyed this episode, head over to Apple Podcasts, subscribe to the show, and leave us a rating and review. Help us spread the word and end small business failure by sharing your favorite episodes with your friends and colleagues on social media. Visit our website or follow us on Facebook, Twitter, LinkedIn, Instagram, or YouTube for more great content, tips, and strategies to improve your small business.See omnystudio.com/listener for privacy information.