The Payroll Protection Program supposedly was taking first applications on April 3, 2020. I have to admit that I know of no one that got an application in to a bank on that day. But last week, people were actually getting applications in, and some have already received approvals. That means that if you are … Read more
There are currently two COVID-19 related acts: The Families First Coronavirus Response Act (“FFCRA”) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. I know everyone wants to know about the Payroll Protection Program under the CARES Act. We’ve been looking at it and talking to banks, but let’s address the Families First Act … Read more
We have offices in Cedarburg and Madison – but in reality, we work all over the place (or did, until we all started working from home). Making that happen seems pretty easy, especially with technology, but getting the right mix and hitting our stride took time – and there were bumps in the road. Along … Read more
We’ve been getting a lot (a lot) of questions about how breweries, wineries, or distilleries can practice and encourage effective “social distancing” with their clientele. So, let’s review for the record: Basic Rule: Breweries, Wineries, and Distilleries can sell at their place of manufacture/tasting room for off-premise consumption. In other words, they can all sell … Read more
I have been asked quite a bit lately about when one should create a business entity like an LLC. I get told things like: “It is just a small side gig.” or, “It is a direct sales thing.” And I get it. You don’t know if it is going anywhere, and you don’t want to … Read more
It has been a busy first quarter for our clients, which means a busy time for us. One thing that has kept us hopping is the purchase or sale of businesses. Often, but not always, that takes the form of an asset sale. That means assets of the business are sold – not ownership of … Read more
OK, you have gone through all of the questions that Gary set out for you, but now’s the toughest one of all: Do you have the support network at home for this? Start-ups are not for the faint of heart. You will be putting in hours of work – possibly for little or no pay … Read more
Two months ago, the FDA disclosed that they recently warned 15 companies producing and\or selling CBD that their actions in marketing the products were contrary to Federal Law. We were just gearing up for the holidays, so everyone at OG+S didn’t want to sour the mood, but now that we’re halfway though January, this development … Read more
I joked last time that I was having an existential crisis about my own value by discussing how much I should pay myself when starting a business, but this week’s post kicks it into high gear as we ask: Are you the right person to start this business? Well, now, these questions are not getting … Read more
Right after the holidays, small businesses have a lot on their plate – W-2’s and 1099’s are due soon, and so are final quarter self employment tax payments! Question: Recently, a client asked: “Do I need to send OG+S a 1099 for services?” and because it was such a great question, it naturally became the … Read more