The Paycheck Protection Program (PPP) is moving into the forgiveness stage for most business owners. While there still aren’t any hard and fast rules on applying for PPP forgiveness, there are a few areas where we can offer some insight. Here’s an overview of some of the guidance and advice I’ve been giving my clients on how to navigate the PPP loan forgiveness process.
There’s a lot of uncertainty in the Maryland construction and real estate industry right now. With a presidential election a few weeks away, a worldwide pandemic and an unpredictable economy, we asked four seasoned industry veterans to tell us what they thought the future of the industry holds.
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The Maryland construction industry looks different than it did at the beginning of 2020. While many contractors are working off a backlog, it’s hard to predict what to expect going forward. That’s why we surveyed Maryland construction contractors in July 2020 to get an idea on what the future of the industry holds.
The future is uncertain for many Maryland construction contractors. That’s why we surveyed construction contractors in July 2020 on what they think the future of their business and the industry looks like. Here are the highlights of the survey: Optimism for company outlook is down. Contractors say industry outlook is “worse.” Revenue decreases expected. No layoffs ahead. At least six months expected for businesses to “normalize.” Finding new business has become the top concern for contractors. Concern about finding qualified employees is on the rise.
If you’re a business owner with more than $500,000 of excess business losses, the recently-passed Coronavirus Aid, Relief, and Economic Security Act (CARES) Act includes an unexpected tax giveaway you’ll want to know about.
Given how so much in the world has changed in the last few months, we’ve been producing a lot of content for business owners that answers the question “What’s next for my business?” We know that the top can be a lonely place, and many business owners crave insights from other owners on how they deal with the same difficult challenges. In the spirit of sharing, this article is for business owners who are curious to know how other leaders are dealing with the pandemic. I decided to chat with David Goldner, who just finished his tenure as Gross Mendelsohn’s managing partner, to hear first-hand what he has learned as a business owner as he navigates his way through the COVID-19 crisis.