Small business financing – IPDA Online http://ipdaonline.org/ Tue, 10 Aug 2021 13:06:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.1 https://ipdaonline.org/wp-content/uploads/2021/08/icon-2021-08-02T225720.860.png Small business financing – IPDA Online http://ipdaonline.org/ 32 32 5 financial tips for small business owners https://ipdaonline.org/5-financial-tips-for-small-business-owners/ https://ipdaonline.org/5-financial-tips-for-small-business-owners/#respond Thu, 05 Aug 2021 21:30:44 +0000 https://ipdaonline.org/5-financial-tips-for-small-business-owners/ 82% of small businesses fail because of cash flow issues. Good financial management is the key to making sure your business is in the 18% minority. The cruel truth about entrepreneurship is that 31.8% of small businesses go bankrupt in their first year. 50% fail before their fifth birthday. The reason? Most small businesses fail […]]]>

82% of small businesses fail because of cash flow issues. Good financial management is the key to making sure your business is in the 18% minority.

The cruel truth about entrepreneurship is that 31.8% of small businesses go bankrupt in their first year. 50% fail before their fifth birthday. The reason? Most small businesses fail because of cash flow issues. They have no more money!

The good news is that if you are a business owner, you can easily avoid such an eventuality by managing your finances properly. Here’s how:

Good cash flow management

Your cash flow is the total amount of money entering and leaving your business. It is usually affected by many factors, one of the most important being your pricing strategy.

If you undervalue your goods or services, you won’t have enough cash. On the other hand, overvaluation can push you out of business because you won’t make enough sales. So you want to price yourself in that great place where you’ll be competitive enough without having to work too hard for a small salary.

It would help if you also had a good billing strategy to ensure that the money actually flows into the business. If you have a lot of money tied up in unpaid bills, you might run out of cash to stay afloat. If you’re having billing issues, try to encourage your customers and clients to pay on time by offering time-based discounts.

You can, for example, introduce terms like 2/10 Net 30. In such a case, a customer gets a 2% discount when he pays an invoice within 10 days. Otherwise, the full amount is due within 30 days.

Remember to create a budget, which is much easier to do if you have a small business current account. On the one hand, it will help you track your income and expenses. Second, you can use the budget to set an income line and a ceiling for expenses. By doing this, you will ensure that your business always has operating cash flow.

Using affordable credit

Contrary to what many small business owners think, credit isn’t a bad thing when used responsibly. An influx of loan capital can help you acquire equipment, hire more people, meet payroll needs, pay utility bills, and more. Ultimately, a good line of credit will keep you going until your bills are paid.

The trick is to choose an affordable credit product for your business. For example, traditional banks usually charge high interest rates. In addition, you will also be required to pay origination fees, handling fees, packaging fees, NSF fees, late payment fees, prepayment penalties, etc. These fees make bank loans expensive for small businesses. It is therefore important to compare alternative sources of business financing to see what would work best for your situation.

Implement savings techniques

There are many ways a small business can save money. At the top of the list is a separate checking account for the business; it makes it easier to separate your business and personal expenses. In addition, it is essential to monitor the books of account; you can use accounting software such as QuickBooks to help you keep track of this.

Examining things like income and expense records will help you understand your expenses and avoid unnecessary expenses. Finally, assess each expense and whether it contributes to a positive return on investment (ROI). Otherwise, get rid of it and save that money.

Likewise, checking unpaid invoices and bank reconciliations can help you spot instances of inaccurate numbers as well as fraud and embezzlement. Such problems usually weigh on the amount that a company would otherwise have saved for constructive projects.

Source for further funding

From time to time, you may need additional financing to maintain healthy cash flow. We have already discussed debt financing in point 2 above, but it is not your only option.

You can also inject money into the business through equity financing. Unlike debt financing, which requires repayment even if your business goes bankrupt, equity financing does not. Of course, the trade-off is that you may have to cede some control of the business to the person investing, and this shows why choosing competent and congruent partners is essential if you decide to go for financing. by shares.

Invest in growth

Company finances are not just for running the business; they are also intended to cultivate it. So, after you have put in place measures to save and acquire additional capital, you can put money aside to explore growth opportunities.

Growth comes when you invest in innovative technologies, diversify, and attract highly skilled employees. All of these things require funding. So it is better to have a reserve of money ready for when the opportunity arises than to have the opportunity but to run out of money.

If you still don’t know how to properly manage your small business finances, don’t hesitate to call a professional. Qualified accountants will help you put together a system that works best for your business.

You can also start saving now by taking advantage of Benefits of hatching. These economical rewards are designed for small businesses. All you need to get started is a Hatch business checking account.


Michael started Your Money Geek to make personal finance fun. He has worked in personal finance for over 20 years, helping families lower taxes, increase income, and save for retirement. Michael is passionate about personal finances, side activities, and all things geeks.



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Women of Color-Led Venture Capital Firm Fearless Fund Announces Venture Capital Week to Educate and Empower All | Company https://ipdaonline.org/women-of-color-led-venture-capital-firm-fearless-fund-announces-venture-capital-week-to-educate-and-empower-all-company/ https://ipdaonline.org/women-of-color-led-venture-capital-firm-fearless-fund-announces-venture-capital-week-to-educate-and-empower-all-company/#respond Tue, 03 Aug 2021 13:02:25 +0000 https://ipdaonline.org/women-of-color-led-venture-capital-firm-fearless-fund-announces-venture-capital-week-to-educate-and-empower-all-company/ ATLANTA – (BUSINESS WIRE) – August 3, 2021– From Monday 23 August, Fearless Fund, the first venture capital fund created by women of color, for women of color, will launch its first fearless venture capital week: a multigenerational hybrid experience designed to educate all about venture capital and entrepreneurship. The highly anticipated 7-day event will […]]]>

ATLANTA – (BUSINESS WIRE) – August 3, 2021–

From Monday 23 August, Fearless Fund, the first venture capital fund created by women of color, for women of color, will launch its first fearless venture capital week: a multigenerational hybrid experience designed to educate all about venture capital and entrepreneurship.

The highly anticipated 7-day event will be delivered both in person and virtually via live broadcast with a packed schedule including over 50 expert speakers, grant initiatives, giveaways, pitch competitions and more. Programming will include daily sessions designed to develop financial literacy in the following key demographic groups: Children, Adolescents, HBCU Collegiates, Women Entrepreneurs, Women Investors, and Families. The week will conclude with a celebratory brunch in honor of the recent $ 25 million round of the Fearless Fund, where guests will have the opportunity to meet and network with other talented, like-minded people.

Speakers and exceptional events at VC Week include a fireside chat with acclaimed fashion designer Steve Madden, a Fearless VC Week x Daring to Disrupt dialogue chat hosted by media legend Katie Couric, and a HBCU pitch presented by DJ Envy of the iconic The Breakfast Club radio show. Other confirmed speakers include the following highly esteemed professionals: Brandice Daniel, Cindy Eckert, Andrea Brimmer, Tanya Van Court, Nikki Chu, Sheena Allen and many more with a special remark from former Mayor Kasim Reed.

“Our mission with Fearless Fund has always been to diversify the venture capital space as well as provide resources, tools and access to communities to learn more about entrepreneurship,” said Arian Simone, co-founder and General Partner of Fearless Fund. “With Fearless Venture Capital Week, we are doing just that, not only by providing the opportunity to receive funding, but also through educational and inspiring discussions that we hope will encourage guests to live fearlessly and bring their businesses to life. “

Sponsors and confirmed partners for the events include: Steve Madden, Ally Bank, JP Morgan Chase, Walmart, Mastercard and UPS.

For more information on Fearless Venture Capital Week, please visit www.fearless.fund/vc-week.

About Fearless Fund

Launched in 2019, Fearless Fund invests in WOC-led companies seeking pre-seed, seed-level or Series A funding. Its mission is to bridge the gap in venture capital funding. for founders of scalable and aggressive companies in terms of growth. Currently, the Fearless Fund portfolio includes the following companies: Enrich, Beauty range, AMP Beauty, HairBrella, Streamlytics, Capway, Artificial intelligence, AARMY and vegan slut. The Fearless Fund team also runs The Fearless Foundation, a 501c3 organization whose goal is to educate entrepreneurs through training, reduce racial inequalities, and empower African Americans to access education. capital, as well as the Get Ready Venture program, a 12-month training program for WOC business owners to acquire the training, mentorship, knowledge and skills necessary to access capital.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210803005230/en/

CONTACT: Alexis Ford

Fearlessfund@azionepr.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: WOMEN’S FINANCE CONSUMPTION PROFESSIONAL SERVICES SMALL ENTERPRISES

SOURCE: Fearless Fund

Copyright Business Wire 2021.

PUB: 08/03/21 09: 00 / DISC: 08/03/2021 09:02

http://www.businesswire.com/news/home/20210803005230/en

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The small businesses of Hadley and Ludlow proposed an energy efficiency assessment https://ipdaonline.org/the-small-businesses-of-hadley-and-ludlow-proposed-an-energy-efficiency-assessment/ https://ipdaonline.org/the-small-businesses-of-hadley-and-ludlow-proposed-an-energy-efficiency-assessment/#respond Mon, 02 Aug 2021 15:18:27 +0000 https://ipdaonline.org/the-small-businesses-of-hadley-and-ludlow-proposed-an-energy-efficiency-assessment/ (WWLP) – Eversource is offering its Main Streets energy efficiency program to help local small businesses in Hadley and Ludlow reduce their energy costs and impact on the environment. Eversource trains workers to protect endangered turtles According to a press release sent to Eversource’s 22News, energy experts from Eversource will visit various companies in Hadley […]]]>

(WWLP) – Eversource is offering its Main Streets energy efficiency program to help local small businesses in Hadley and Ludlow reduce their energy costs and impact on the environment.

According to a press release sent to Eversource’s 22News, energy experts from Eversource will visit various companies in Hadley and Ludlow between August 2-6, to schedule free energy assessments and answer questions about upgrades and energy efficient equipment upgrades.

“Our Main Streets initiative provides personal attention to small businesses to help them take advantage of the energy saving solutions available to them,” said Bill Stack, spokesperson for Eversource Energy Efficiency. “Last year, we hosted Main Streets events in 15 communities and completed over 700 energy efficiency upgrades to help business owners save on their energy costs. We hope to help even more businesses save this year.

A free evaluation will show energy saving possibilities such as new lighting, occupancy sensors, programmable thermostats, refrigeration controls, insulation and more. The Main Streets Energy Efficiency Program provides interest-free funding to offset the cost of upgrades such as HVAC equipment or fuel-efficient motor controls.

For more information about the program, Hadley Companies can contact Eversource’s contractor, Energy Resources at (413) 376-8575. Ludlow companies can contact Eversource’s entrepreneur, AEG (413) 526-9955.


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Industry Veteran Andrew Jewett Joins Anchor Loans as Senior Vice President, Corporate Sales https://ipdaonline.org/industry-veteran-andrew-jewett-joins-anchor-loans-as-senior-vice-president-corporate-sales/ https://ipdaonline.org/industry-veteran-andrew-jewett-joins-anchor-loans-as-senior-vice-president-corporate-sales/#respond Mon, 02 Aug 2021 13:59:00 +0000 https://ipdaonline.org/industry-veteran-andrew-jewett-joins-anchor-loans-as-senior-vice-president-corporate-sales/ THOUSAND OAKS, California., August 2, 2021 / PRNewswire / – Anchor Loans, the nation’s leading provider of financing for fix-and-flip entrepreneurs, today announced that Andrew Jewett joined the company as Senior Vice President, Corporate Sales. In this newly created role, Jewett will be responsible for account management / segmentation, sales recruiting / training, new product […]]]>

THOUSAND OAKS, California., August 2, 2021 / PRNewswire / – Anchor Loans, the nation’s leading provider of financing for fix-and-flip entrepreneurs, today announced that Andrew Jewett joined the company as Senior Vice President, Corporate Sales.

In this newly created role, Jewett will be responsible for account management / segmentation, sales recruiting / training, new product development / deployment, marketing and overall growth of the sales team and customer base of ‘Anchor.

Jewett brings over 16 years of experience in fixed rate lending and real estate capital markets. He joins Anchor from Sundae, Inc., where he was Head of Lending and Co-Head of Capital Markets. Jewett joined Sundae on the acquisition of Aperture, a proprietary analytics and proptech company that he co-founded. Prior to Aperture, Jewett was Managing Director and Co-Head of Capital Markets at Wedgewood, a diversified real estate operating / investment company. During his time there, he was part of the first team to spearhead the rapid growth of Civic Financial Services, its fixed and reversible lending subsidiary.

Earlier in his career, Jewett was Director of Mortgage Financing for the Royal Bank of Scotland and as an analyst at CD Downer & Co. and Greenwich Capital. Jewett graduated from Babson College where he obtained a Bachelor of Arts in Business Administration.

“We are delighted that Andrew has joined Anchor to drive our growth strategy as we expand our business organization, geographic footprint and product line,” said Andy Pollock, CEO of Anchor. “He brings a rare combination of leadership skills, having been both an entrepreneur and an entrepreneur and a capital markets leader.”

About Anchor Loans

Anchor Loans is the nation’s leading private lender for fix-and-flip entrepreneurs, with total financing of over $ 9.5 billion dollars since 1998. With intuitive cutting-edge technology, Anchor provides fast, reliable financing and an exceptional customer experience, forging long-term customer relationships and helping customers meet and exceed their business goals. Over 85% of Anchor’s borrowers are regular clients and over 70% of the Company’s new borrowers have been referred by an existing client. Ranked for the past two years on the Inc. 5000 list of the fastest growing private small businesses in the United States, Anchor is the first fixed, reversible lender to fund more than $ 1 billion in loans in one. year and has remained an industry leader, regularly funding over $ 1 billion in fixed rate loans each year since 2016. https://www.anchorloans.com.

SOURCE Anchor Loans


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Yaydoo secures $ 20 million, aims to simplify B2B collections and payments – TechCrunch https://ipdaonline.org/yaydoo-secures-20-million-aims-to-simplify-b2b-collections-and-payments-techcrunch/ https://ipdaonline.org/yaydoo-secures-20-million-aims-to-simplify-b2b-collections-and-payments-techcrunch/#respond Mon, 02 Aug 2021 13:07:19 +0000 https://ipdaonline.org/yaydoo-secures-20-million-aims-to-simplify-b2b-collections-and-payments-techcrunch/ It’s no secret that simple business-to-business payment technology has yet to catch up with peer-to-peer technology. Yaydoo I think there is an answer. Mexico-based B2B software and payment companies offer three products: VendorPlace, With P card PorCobrar, Manage cash flow, optimize access to smart liquidity and connect to the ecosystem of digital tools of small, […]]]>

It’s no secret that simple business-to-business payment technology has yet to catch up with peer-to-peer technology. Yaydoo I think there is an answer.

Mexico-based B2B software and payment companies offer three products: VendorPlace, With P card PorCobrar, Manage cash flow, optimize access to smart liquidity and connect to the ecosystem of digital tools of small, medium and large companies.

Sergio Almaguer, Guillermo Treviño and Roberto Flores founded Yaydoo in 2017. The name indicates the happiness of doing something with a combination of “yay” and “do”. Today, the company is a partner of Base10 and monashees.

Softbank’s Latin American Fund and Leap Global Partners participated in the cycle. In total, Yaydoo raised $ 21.5 million, Almaguer told TechCrunch.

Before starting the company, Almaguer worked at another company in Mexico. A client at his large company wanted to automate payments, but found the same tool was too expensive for a small business.

The co-founder started Yaidoo to provide purchases, accounts payable and accounts receivable, but in a simpler form so that collecting and paying for B2B transactions is affordable for small businesses.

Image credit: Yaydoo

According to Almaguer, the idea is well underway and suppliers are now part of a network to add their own customers, link invoices to purchase orders and log into accounts payable. Yaydoo estimates that automated workflows, on average, have reduced the time wasted on payment providers by 80%.

Yaydoo is in the booming FinTech industry – The global B2B payments market is valued at $ 120 trillion per year..Last week, the B2B payment platform Nium $ 200 million in Series D Fund a valuation of $ 1 billion. Some of the others who have recently raised funds include Paystand. $ 50 million in Series C Dwolla, Financing to make B2B cashless payments Raise $ 21 million For APIs that allow businesses to create and facilitate fast payments.

New funding will allow the company to attract new hires to Mexico and as the company expands to other Latin American countries. Yaydoo also understands how funds flow and flow to provide information on the number of invoices set by customers, access to actual payments, working capital funding gaps, etc. We are looking at future opportunities for the working capital industry. The company also invests in product development.

The company has grown from 200 in the first quarter of 2020 to more than 800 customers. At the same time, the number of employees has increased from 30 to 100. In the past 12 months, more than 70,000 companies have traded on the Yaydoo network, with total payments reaching hundreds of millions of dollars.

Yaydoo is a SaaS subscription model, but with new funding the company offers a ‘freemium’ service aimed at building a pool of potential customers and turning those customers into a subscription model as they grow. . You can provide it.

Rexhi Dollaku, Partner of Base10 Partners, said B2B payments have been modernized for ease of use by looking at how the Yaydoo team has been “impressed” and how they have built their complex infrastructure.

He believes Latin America is ten years behind in B2B payments, but will sooner or later catch up due to the digital transformation underway in the region.

“We are starting to see the first signs that payment products are creating networks, which is a good sign,” Dollaku said. “The financing allows Yaydoo to offer more financial service options to businesses to fill the real financing gaps. “

Yaydoo secures $ 20 million, aims to simplify B2B collections and payments – TechCrunch Source link Yaydoo secures $ 20 million, aims to simplify B2B collections and payments – TechCrunch


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Equitable Holdings becomes a signatory of the Principles for Responsible Investment endorsed by the United Nations | Company https://ipdaonline.org/equitable-holdings-becomes-a-signatory-of-the-principles-for-responsible-investment-endorsed-by-the-united-nations-company/ https://ipdaonline.org/equitable-holdings-becomes-a-signatory-of-the-principles-for-responsible-investment-endorsed-by-the-united-nations-company/#respond Mon, 02 Aug 2021 12:32:06 +0000 https://ipdaonline.org/equitable-holdings-becomes-a-signatory-of-the-principles-for-responsible-investment-endorsed-by-the-united-nations-company/ NEW YORK – (BUSINESS WIRE) – August 2, 2021– Equitable Holdings, Inc. (NYSE: EQH) announced today that it has become a signatory of the Principles for Responsible Investment (PRI) backed by the United Nations, a global network of institutional investors, asset managers and service providers working to integrate governance and issues (ESG) into investment practices […]]]>

NEW YORK – (BUSINESS WIRE) – August 2, 2021–

Equitable Holdings, Inc. (NYSE: EQH) announced today that it has become a signatory of the Principles for Responsible Investment (PRI) backed by the United Nations, a global network of institutional investors, asset managers and service providers working to integrate governance and issues (ESG) into investment practices to foster a more sustainable global financial system.

AllianceBernstein, Equitable’s global investment management firm and principal investment advisor for its general account, has been a PRI signatory since 2011, incorporating ESG considerations into their investment process for many years. With Equitable’s membership of PRI at the holding company level, the company has extended its commitment to responsible investing company-wide and will align with AB’s cutting-edge approach. in ESG investment for its general account assets. As a signatory of the PRI, Equitable is committed to incorporating the six PRI investment principles into its investment and ownership decisions.

“By becoming a PRI signatory, we have strengthened our commitment to be a force for good in business and society and to deliver long-term value to all of our stakeholders,” said Steve Joenk, Chief Investment Officer at Equitable . “Following our first sustainable financing offer earlier this month, this is another important step towards achieving sustainable and positive ESG results. Equitable recently closed a $ 500 million sustainable financing issue, offered in the form of notes backed by 5-Year Financing Agreements (FABN).

PRI CEO Fiona Reynolds said, “We are very pleased to welcome Equitable as a PRI signatory. The engagement of the insurance industry in sustainable investing is extremely important, and it is encouraging to see organizations such as Equitable commit to integrating ESG factors into investment and ownership decisions. We hope this sets a good example for the industry to move forward in their commitment to responsible investing, and we look forward to working with the Equitable team.

ESG integration and active engagement are the foundations of AllianceBernstein’s responsible investment model and are essential for performing fully informed risk / return assessments and reaching better investment conclusions. Equitable is developing its own ESG investment strategy that aligns with AB principles and will revolve around ESG integration, engagement (via AllianceBernstein) and impact.

About Equitable Holdings

Equitable Holdings, Inc. (NYSE: EQH) is a financial services holding company comprised of two complementary and well-established primary franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable offers advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm providing high quality research and diversified investment services to institutional investors, individuals and private clients in major global markets. Equitable Holdings has approximately 12,000 employees and financial professionals, $ 822 billion in assets under management (as of 3/31/2021) and more than 5 million client relationships worldwide.

About PRI: The PRI strives to understand the investment implications of environmental, social and governance (ESG) factors and to help its international network of signatory investors integrate these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate, and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to over 4,000 signatories, managing more than US $ 121 trillion in assets under management.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210802005396/en/

CONTACT: Investor Relations

Işıl Müderrisoğlu

(212) 314-2476

IR@equitable.com Media Relations

Matt Asensio

(212) 314-2010

mediarelations@equitable.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: FINANCE CONSULTING BANKING PROFESSIONAL SERVICES INSURANCE

SOURCE: EQH Investor Relations

Copyright Business Wire 2021.

PUB: 02/08/21 08:30 / DISC: 02/08/2021 08:32

http://www.businesswire.com/news/home/20210802005396/en

Copyright Business Wire 2021.


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Shield Advisory Group, with its unique advisory approach, grants small business ‘credit’ with an ally in Washington https://ipdaonline.org/shield-advisory-group-with-its-unique-advisory-approach-grants-small-business-credit-with-an-ally-in-washington/ https://ipdaonline.org/shield-advisory-group-with-its-unique-advisory-approach-grants-small-business-credit-with-an-ally-in-washington/#respond Mon, 02 Aug 2021 12:32:00 +0000 https://ipdaonline.org/shield-advisory-group-with-its-unique-advisory-approach-grants-small-business-credit-with-an-ally-in-washington/ NEW YORK, August 2, 2021 / PRNewswire / – According to Matthieu meehan, a two-decade Wall Street veteran and Founder / CEO of Shield Advisory Group, “My partners and I felt the market demanded a new and innovative approach to business consulting. After much analysis and research, we have found the balance between accessibility and […]]]>

NEW YORK, August 2, 2021 / PRNewswire / – According to Matthieu meehan, a two-decade Wall Street veteran and Founder / CEO of Shield Advisory Group, “My partners and I felt the market demanded a new and innovative approach to business consulting. After much analysis and research, we have found the balance between accessibility and the breadth of services that American businesses need. “Matthew continued,” Tax credits are an often overlooked strategy for minimizing obligations. tax of your business. This time around, the IRS actually applied a tax credit for the pandemic period, resulting in refunds for small businesses. “The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of eligible wages (including attributable qualifying health plan expenses) that qualifying employers pay to their employees. This employee retention credit originally applied to qualifying wages paid after March 12, 2020, and before January 1, 2021, was extended as part of the US bailout to include 2021. The credit was increased to 70% of the first $ 10,000 of qualified salary, per employee, per quarter.

Shield Advisory Group continually scours the small business landscape looking for unique solutions for small businesses that were once only available to large companies. Luigi Rosabianca, director of operations SAG. The Shield Advisory Group management team has meticulously built an easy-to-use platform to provide clients with access to this complex tax credit that an army of white-collar professionals would find it hard to appreciate. Luigi Rosabianca, added: “What impresses me is not the extent to which we are able to help our small business clientele, but the fact that this vital program is still such a well-kept secret in America. . ”

Our mission is to get the business owner to focus on their core competencies while creating a structure that promotes that focus. Our team takes care of everything else, including the most mundane.

IN UNPRECEDENTED TIMES …

Chad Brown, CPA, Founder / CEO of Mancon Solutions, which specializes in tax credit programs, maintains that “during this unprecedented time, businesses need a comprehensive solution to the vast array of complex problems they face. From PPP loans to Cares Law to EIDL loans, US businesses need guidance in navigating this regulatory maze. ”

ERTC is one such program that SAG innovation has brought to the fore for small businesses. Mr Brown went on to explain that “although this program will expire at the end of 2021, the credit can still be claimed on amended tax returns for three years from the date of filing.”

The SAG team leverages the experience and supplier relationships for growing business owners through quality, performance-based initiatives, development strategies and financing solutions.

For more information visit www.shieldadvisorygroup.com. To arrange an interview with one of the directors, contact Luigi Rosabianca To [email protected] or 321-430-6828.

SOURCE Shield Advisory Group


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Alcoholism, Anxiety, and Other Personal Battles: In New York City and Beyond, People Trade In-Person Support for Remote Alternatives https://ipdaonline.org/alcoholism-anxiety-and-other-personal-battles-in-new-york-city-and-beyond-people-trade-in-person-support-for-remote-alternatives/ https://ipdaonline.org/alcoholism-anxiety-and-other-personal-battles-in-new-york-city-and-beyond-people-trade-in-person-support-for-remote-alternatives/#respond Thu, 15 Apr 2021 05:38:55 +0000 https://ipdaonline.org/alcoholism-anxiety-and-other-personal-battles-in-new-york-city-and-beyond-people-trade-in-person-support-for-remote-alternatives/ Matt, a longtime New Yorker who is part of Alcoholics Anonymous, keeps an eye on personal birthdays. One is expected to arrive on May 19. If the COVID-19 lockdown is still in place, then in the city as planned, it will mark another milestone – 62 consecutive days of digital AA. Since March 19, the […]]]>

Matt, a longtime New Yorker who is part of Alcoholics Anonymous, keeps an eye on personal birthdays. One is expected to arrive on May 19.

If the COVID-19 lockdown is still in place, then in the city as planned, it will mark another milestone – 62 consecutive days of digital AA.

Since March 19, the 36-year-old Bronx firefighter has held an evening reunion at 9 p.m. to replace – and then some – his favorite weekly meeting held at a neighborhood church shut down by the coronavirus.

“It occurred to me that I could host meetings on Zoom,” said Matt, who was familiar with video conferencing from previous work in marketing. He preferred to use only his first name for this story. “Downtime is the devil’s playground. Many people have found comfort in the fact that we now meet every night. His plan: to maintain this schedule until the crisis passes.

Around the five boroughs and beyond, people have traded in-person support – 12-step programs for alcohol, drug, sex addiction, and more. group therapy sessions; individual counseling for anxiety, and so on – for alternatives at a distance. Support is virtual, whether through Zoom, ZM,
-0.03%
Google Hangouts, GoToMeeting, or some other platform, but the benefits are real.

Also on MarketWatch: Pandemics affect everyone: what does this do to children?

Ask Dr. Andrew Merling, clinical psychologist in private practice and assistant professor of psychiatry at Icahn School of Medicine at Mount Sinai Hospital. Since mid-March, his office sessions on West 58th Street in Manhattan have all been spent online or over the phone.

This includes a weekly long-term group session for nine men struggling with drug addiction.

“I had never used platforms like Zoom before,” Merling said. “I discouraged him. There may be distractions. I like working with people in the same room, where you can get more clues and a closer connection.

Going remotely, he added, “was an adjustment.” And an urgent and necessary question given the toll of COVID-19 and the quarantine. Since the pandemic, a patient who had been sober for about four months relapsed, one lost his job, while another suffered a pay cut, he said.

“All of these additional stressors, along with the need to stay home and isolation, lead to more instability. Not just for the addiction, but I’ve noticed, as you can imagine, more anxiety and depression, ”he said. “I hear things like, ‘I’m really tempted to use at this point. “”

Group dynamics reflect what is happening all over the United States, according to studies, including a recent KFF Health Tracking Survey covering work and welfare. It showed that more than half of American adults – 56% – say worries about the coronavirus have caused them to feel at least one negative effect on their mental health and well-being, including issues such as increased alcohol consumption or worsening chronic diseases. .

“Imagine if this crisis happened before the internet,” said Merling, who is now three weeks away from digital therapy sessions with Mount Sinai staff members on Friday nights to help them decompress.

For long-term patients, Merling said the Zoom sessions have brought unexpected benefits.

Read also : Anxiety over prejudice during coronavirus remains for Asian-US leaders in New York

“I see people in an environment that I have heard about for a long time,” he said. “It gives a different frame which is quite interesting. There have been situations where I’ve said, ‘Oh, I hear your wife in the background. Would you agree to introduce it to me? ‘ Now I can put a face to a name. Having been forced to use these platforms has been helpful. It made me grow as a clinician.

Such an evolution is the new normal around New York. “The pandemic has completely redefined the treatment landscape,” said licensed clinical social worker John McGeehan, who founded The dormitory, an outpatient treatment center that serves 60 young adults between the ages of 18 and 35 on the Upper West Side of Manhattan for issues related to mental health, addiction, health and wellness, and SCOLAR orientation. It also has a location for 20 clients in Washington, DC

As of March 17, the programs have moved “from face-to-face to fully digital,” McGeehan said. “We migrated 900 sessions per week, between our New York and DC offices, online, overnight. It’s a huge transition. “

The NY dormitory.

Courtesy of the dorm

In the midst of massive changes, there is consistency. At the Upper West Side of the dormitory location, the physical space was designed to provide what the manager called a “clubhouse vibe.” (Cue the pool table.)

To keep that vibe in an online environment, they created a virtual clubhouse that is open all day and watched over by staff.

“Activities include everything from talent shows and pet cameos to you,” McGeehan said. “People crave social connection. It helps keep the community spirit alive.

Community manifests itself in various ways. In May, for each virtual dormitory mental health treatment session, the organization donates $ 1 to the National Alliance on Mental Illness of NYC (NAMI-NYC), which has strengthened its own education programs, support and advocacy to meet needs. of New Yorkers impacted by the coronavirus.

Online video support groups and programs have grown as calls from the NAMI-NYC helpline regarding depression, grief, anxiety, panic attacks and other conditions increased by 60 % since mid-March.

NAMI-NYC engagement coordinator Tanya Lalwani said she felt “a sense of urgency in appeals that didn’t exist before the pandemic. A caller recently asked “Is the world ending? It’s such a big threat that people don’t know what to think about it.

Ambiguity resonated at the Center for Anxiety, located near Columbus Circle in Manhattan and Flatbush, Brooklyn. Calls are increasing “significantly,” according to founder and director Dr. David H. Rosmarin, assistant professor in the Department of Psychiatry at Harvard.

“More and more people are looking for help and need advice. They are gripped by anxiety. They can’t sleep. They are having panic attacks for the first time. They need to connect and talk about it. Social distancing does not mean social isolation, ”Rosmarin added. “We are social beings. It’s just the way we are. We need to connect with other people.

It turns out that the connection can come anywhere and anyhow. It transcends location.

Don’t miss:Coronavirus cases drop by up to 44% due to shelter-in-place orders, study based on CDC data finds

the New York Intergroup AA Association, a clearinghouse and facilitator for AA groups in the greater New York City area, currently facilitates more than 2,500 remote meetings per week that chapters can use for free. Since AA sites were forced to close, the group noted on May 1 that it “has allowed members from 132 countries to pass through virtual doors of AA meetings 419,710 times.”

In the Bronx, Matt can attest to that. He sees his sobriety as “a bit like crossing the rainbow to find the pot of gold.” Your very next mission is to return to the other side and find someone else who can find the pot of gold as well.

Those people, who started with six on March 19 after Matt announced the reunion via friends and social media, have already grown tenfold. They have included New Yorkers and residents of Ohio, Tennessee, Georgia, Florida, Colorado, California and Arizona, as well as Trinidad and Tobago and Canada. “It got international,” Matt said.


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How to Reduce Anxiety and Stress for You Employees During the Coronavirus https://ipdaonline.org/how-to-reduce-anxiety-and-stress-for-you-employees-during-the-coronavirus/ https://ipdaonline.org/how-to-reduce-anxiety-and-stress-for-you-employees-during-the-coronavirus/#respond Thu, 15 Apr 2021 05:38:55 +0000 https://ipdaonline.org/how-to-reduce-anxiety-and-stress-for-you-employees-during-the-coronavirus/ Call what the coronavirus Has disrupted our way of life is a gross understatement. For small business owners who feel responsible for their own families as well as those of their employees, the anxiety and the stress they feel is palpable. Add to that the quarantine that takes place across the country, and these and […]]]>

Call what the coronavirus Has disrupted our way of life is a gross understatement. For small business owners who feel responsible for their own families as well as those of their employees, the anxiety and the stress they feel is palpable. Add to that the quarantine that takes place across the country, and these and other mental issues can get worse.

A timely new infographic from Health Trends developped by Immediate sourcing titled “Mental Health in Quarantine” examines the epidemic’s toll on the mental health and well-being of those facing COVID-19.



Mental health in quarantine

The goal of the infographic is to find out how isolation measures affect mental issues and what you can do about it. And as quarantine measures increase, there will be other issues that business owners, their families, employees and everyone else will have to deal with.

Small enterprises

When it comes to small business owners and their employees, the impact of the coronavirus runs the gamut. Employers / owners are dealing with exhausted employees or are themselves a little mentally stressed at the moment. At the same time, some businesses are operating while others are closed, so there is another dynamic to consider.

The passage of the Coronavirus Aid, Relief and Economic Security Act (CARES) and the $ 350 billion it makes available to small businesses will help. However, the pandemic is an ongoing crisis, and small business owners and their employees are navigating uncharted waters. And the questions it raises are also largely responsible for the anxiety felt by owners and employees.

So what can you do about it? The infographic divides the data into three segments. The effects of social isolation, adjustment to the new normal and resources for mental health.

Social isolation

Human beings are social creatures, so disrupting this behavior introduces a host of mental problems. When you consider that 77% of Americans report having close relationships that provide emotional security and support their well-being, the need for social interaction is clear.

In contrast, the report states that even short periods of isolation can increase anxiety or depression. Adding this can lead to a risk of different health issues including high blood pressure, heart disease, cancer, and stroke.

But when it comes to mental issues, it can affect even those who have no history. Isolation is responsible for difficulty sleeping, returning to a normal routine and concentrating. However, it gets worse for people with a history. People with obsessive-compulsive disorder and anxiety may have their symptoms exacerbated.

If you run your business or work from home, there are ways to adapt and ease the temporary transition.

The new normal

Since there is no set date by which things could go back to normal, adjusting to the new normal is a great idea. And for most people, that means working from home.

The key, according to the report, is to organize your space, stay connected, stay clean, and create a routine.

You will be working from home. By creating a dedicated workspace, you can mentally step away from your job at the end of the day. It also lets everyone in the house know that you are working and not interrupt you unless it is important. Whether it’s a dedicated room or a small part of your room, make it look like an office.

The next step is to stay in touch with your coworkers as well as your friends and family. Since you are not going out, make a concerted effort on both fronts. There are plenty of tools to accomplish this, so be sure to text, video and phone calls, connect to social media, and even play games.

Stay clean and create a routine

A crowded space creates negative emotions. Confusion, tension, irritability and worry are just some of the emotions the report highlights. By simply cleaning for as little as 10 minutes a day, you can get rid of these emotions or minimize the anxiety they cause.

Better yet, it’s the type of repetitive behavior that can make you feel more in control. And once your space is clean, it promotes positive emotions such as a sense of well-being, calm, and happiness.

Americans say cleansing gives them a sense of accomplishment (70%), stress (61%), and relaxation (54%).

In addition to cleansing, creating other daily routines will improve your state of mind. Start by removing your pajamas to get things done. Continue with a workout and if you can later in the day add a walk in the park.

Last but not least, limit the amount of news you consume. When trying to control your surroundings, being bombarded with the big picture can sabotage your efforts. Choose when to watch the news for more control.

Mental health resources

The report rightly points out: “It’s up to you to find the resources you need. »Find local health professionals and groups you can connect with during this time.

The good news is that there are tools and apps online that you can use to manage mental health issues during a crisis.

If the anxiety you are feeling is not serious, you can try guided meditation and cognitive behavioral therapy applications. Taking a meditation class and tracking your mood, activities, thoughts, diet, and social engagement will put you in a better space. Not to mention that you can quickly identify symptoms of more serious problems.

If, on the other hand, you need more help, you can connect with a therapist via video or text. Contact your GP and insurance company to find the best sources for your particular case.

Take a look at the infographic below to learn more.

Image: Health trends


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How Thieves Can Steal Your Home Without You Knowing It https://ipdaonline.org/how-thieves-can-steal-your-home-without-you-knowing-it/ https://ipdaonline.org/how-thieves-can-steal-your-home-without-you-knowing-it/#respond Thu, 15 Apr 2021 05:38:55 +0000 https://ipdaonline.org/how-thieves-can-steal-your-home-without-you-knowing-it/ CHARLOTTE, NC (WBTV) – The Federal Bureau of Investigations shares a warning about a crime epidemic that could impact most homeowners. It’s called home theft or fee-for-service fraud and according to the FBI it’s one of the fastest growing white collar crimes in America. “This is something that I think people aren’t really aware of. […]]]>

CHARLOTTE, NC (WBTV) – The Federal Bureau of Investigations shares a warning about a crime epidemic that could impact most homeowners.

It’s called home theft or fee-for-service fraud and according to the FBI it’s one of the fastest growing white collar crimes in America.

“This is something that I think people aren’t really aware of. They think maybe their owner’s policy or their identity theft protection will cover this, they don’t. “said retired FBI agent Art Pfizenmayer.

Pfizenmayer said that victims of this crime lose an average of $ 100,000 a year and that for thieves, stealing your home is easy.

“Anyone can walk into the Deed Registrar’s office and see your deed, get a copy of your deed… forge the deed from your house and file it with the Deed Registrar.” And when they do, they’ve basically changed owners. from that house from your name to their name, ”Pfizenmayer said.

He said it can also be done online. After the transfer is complete, Pfizenmayer said thieves usually take out additional loans and after years of paying the mortgage on time, these loan companies go after the victim who has no idea what happened.

“They say we’re going to foreclose your house because you owe us money and we’re going to sell your house so we get paid back,” Pfizenmayer said.

Pfizenmayer says there is a way to avoid being a home theft victim.

He recommends regularly monitoring your act or using a company like home title lock (https://www.hometitlelock.com/how-it-works) to monitor it.

Pfizenmayer said that if you are the victim of a home theft, most law enforcement agencies consider it a civil matter and suggest that you hire a civilian lawyer. Most cases take 2 years to resolve.

Pfizenmayer will be on WBTV News Sunday morning, May 20 to answer questions about the house theft. Viewers can send questions to: micahsmith@wbtv.com

Copyright 2018 WBTV. All rights reserved.


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