11 Small Business Accounting Tips to Save Your Business Time and Money

This article discusses some accounting tips that your small business should consider following in order to become more efficient. There are many details business owners must consider, managing your accounting practices early on will allow you to focus on the work of growing your business. Whether it is as simple as separating your personal and business expenses or eventually making things automated, getting back to basics can go a long way to saving you time and money.

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4 Tips to Stabilize Your Small Business

In this time of uncertainty, knowing about and implementing some best practices within the industry can go along way in the health of your business. This article discusses four tips that you can take advantage of such as keeping your customers up-to-date, shifting to an online focus, and managing expenses.

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Main Street Lending Program Provides Working Capital for Small Businesses

The Main Street Lending Program is designed to help credit flow to small and medium-sized businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 crisis, but now need loans to help maintain their operations until they have recovered from, or adapted to, the impacts of the pandemic. Loans originated under the program have several features that will help businesses and nonprofits facing challenges, and loan sizes start at $250,000 and range up to $300 million for some loan types. The link provides a detailed overview of the program by the Federal Reserve.

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The Future of Remote Working After COVID-19

This article discusses how the coronavirus pandemic has impacted the way businesses operate on a day-to-day basis. One major difference the pandemic has resulted in is the increase in telecommuting. This article outlines some of the best practices for remote work. These practices include getting a clearer picture of which roles are better suited for remote work, clarifying expectations, addressing specific needs, utilizing video calls, and thinking beyond technology.  Putting these practices into place will go a long way in making your remote staff succeed.

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CARES Act Provider Relief Fund Now Available for Dentists

The Provider Relief Funds supports American families, workers, and the heroic healthcare providers in the battle against the COVID-19 outbreak. HHS is distributing $175 billion to hospitals and healthcare providers on the front lines of the coronavirus response. Dentists did not originally qualify in this group. The ADA and AAO (American Association of Orthodontists) lobbied for these funds to be available for dental practices, and on July 10, were approved to apply.

The grant/stimulus money is based on your most recent tax return revenues, up to 2%. The application is simple and completed online. Applicants need to have their last 3 years of tax returns to upload. The application is attached so you can see what questions are asked. Please visit CARES Provider Relief Fund for more information.

Economic Resiliency Grant Now Available

The North Dakota Department of Commerce have made the Economic Resiliency Grant available to private companies operating in North Dakota for costs associated with improvements to their businesses for the purpose of reducing the spread of infection, and instilling consumer confidence in the marketplace. To clarify, this is a grant, and not a loan. Grants will be awarded at up to $50,000 per eligible business and up to $100,000 per eligible business with multiple locations. Visit Economic Resiliency Grant to find out how to apply.

Promoting Collaboration During a Crisis

Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. As we venture past the peak of the pandemic, businesses are going to have to adapt to the new world in which they reside in order to survive. Specifically, within the business industry and as a business owner, it is crucial, now more than ever, to be familiar with the ins and outs of your business. This article discusses the benefits of collaboration during this difficult time.

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