Blog

The 3 Essentials for Managing Cash Flow Silicon Valley Bank, the state of the capital markets, and recessionary fears have companies retrenching to prepare for navigating the current headwinds and emerge stronger. For many, this means making difficult decisions on how to conserve cash and extend their cash runway. We’ve received a steady stream ofRead more

How to Avoid Accounting Rescue Work By: Kari Minton CEO PlusPoint Consulting We do a lot of what I call accounting rescue work at PlusPoint. It’s generally not what our clients initially come to us for; they often don’t know they need it. Clients often call us when they have a need or pain theyRead more

A Well-Earned Retirement and Warm Farewell Just over five years ago, I emailed a friend asking her to make a long-promised introduction. She sent it that day, and it changed my life. You see, on that day, she introduced me to Mike Temple. Mike and I met for coffee shortly after that, and we soonRead more

The Latest PPP Loan Revisions that Borrowers Need to Understand It seems that much of the PPP- induced anxiety has dissipated over the last few weeks. Maybe it is the impact of the borrower favorable provisions of the Paycheck Protection Program Flexibility Act, the fact that most borrowers who sought funds have now received them,Read more

PPP Flexibility Act How it alters the provisions of PPP Loan Forgiveness   Last night, the Senate passed the House bill, called the Paycheck Protection Flexibility Act, and passed it to the President for signature. The bill, which the President is expected to sign, significantly alters provisions of the PPP loan forgiveness. The changes includeRead more

Insights for leaders considering allowing their teams to work-from-home indefinitely There are days that it feels like we are in information overload with information coming in from all directions – emails, newsletters, news sources, webinars, podcasts, etc. The list is endless. I know I cannot possibly consume all the information I receive. I do spendRead more

PPP Loan Forgiveness & Instructions Calculating loan forgiveness and potential adjustments for FTE and salary adjustments   The SBA published the Loan Forgiveness Application and accompanying instructions over the weekend. The application and instructions provide important definitions and information on calculating loan forgiveness and potential adjustments to forgiveness, such as the potential adjustments for FTERead more

How Will the SBA Review Borrower’s Good-Faith Certification of PPP Loans? Uncertain and confused seem to be the key words that describe how most borrowers under the PPP program are feeling since receiving their funding. The announcement by the SBA that they intended to audit all loans over $2.0MM, and that the audit would includeRead more

What to Know About the Paycheck Protection Program Use of Funds, Forgiveness & Documentation   We heard from many of our clients that they received confirmation from their lender that their PPP loan had been approved and an SBA number issued. Congratulations, this is great news! We also understand that not everyone was so fortunateRead more

Our COVID-19 Business Continuity Plan PlusPoint is a small business facing many of the challenges and concerns small businesses across the country are facing. Since we are in the business of consulting and advising other business leaders on their organization’s financial health, we have all the pieces you would expect us to have – financialRead more