Blog

9
Jul

It’s Time to Apply for PPP Loan Forgiveness

If you received a Paycheck Protection Program (PPP) loan and you have already spent your First or Second Draw funds, it’s time to apply for PPP loan forgiveness. Depending on which draw you received, there are a few things you should know. First Draw PPP loan recipients qualify for full loan forgiveness if they meet the following criteria: Staffing and compensation levels stayed the same during the covered period. At…  Read more

5
Oct

Is the Trade War with China Causing Problems for the Construction Industry?

After the political back-and-forth between the United States and China, the current tariff rate sits at 25% on $250 billion in Chinese products according to Kim Slowey of Construction Dive. We know that tariffs increase cost, but what does that mean for those in the construction industry? Ken Simonson, the chief economist for the Associated General Contractors of America, (AGC) said it best: “Sometimes just the threat of an increase…  Read more

17
Apr

Tips for getting rid of slow moving stock

Stale inventory is a costly nuisance for any business owner. Ideally the rule of thumb is to sell the goods taking up space on your sale floor within 90 days; after the three month mark stale inventory becomes dead inventory. Products are much harder to move and nearly impossible to get top dollar for. Fortunately there are a number of ways to recoup at least part of your investment on…  Read more