.png?width=120&height=77&name=Summit-Virtual-CFO_color_rgb%20(1).png "Summit-Virtual-CFO_color_rgb (1)")
The COVID-19 pandemic is spreading rapidly, with new updates every minute. As the situation evolves, many business owners and CPA firms are unsure of what steps to take to mitigate risk, protect employees and support customers. In uncertain times, while we don’t have all the answers, we want to share what we do know and offer some guidance for our CPA firms and business owners that may be experiencing shifts in their business.
*As we continue putting together informational content, we will add those additional resources to the list below.
Resources for Business Owners:
- NEW: PPP Loan Forgiveness [Podcast]: Listen to learn about how you can use this loan to help your business get through the COVID-19 crisis.
- Coronavirus Paycheck Protection Program Resources: Download any/all of the following for free: a quick 3-page guide on the PPP that we released on 3/27/20, The COVID-19 Financial Options Guide that we released 4/2/20 (which includes a side-by-side comparison of the two loan programs), a PPP Calculation Analysis spreadsheet that our team put together, a list of documentation needed for the PPP, anda link directly to the PPP application form.
- NEW (3/27/20): What small businesses should know about the coronavirus stimulus bill [Video]: President Trump has signed the $2 trillion coronavirus stimulus package including a Paycheck Protection Program with Loan Forgiveness. This video explains some of the key points that we know now.
- How to Protect Your Business During COVID-19: Strategies on sound decision-making, communication, and financial planning to safeguard the financial stability of your company in uncertain times.
- U.S. Postpones April 15 Tax Payments for 90 Days for Most Americans [Wall Street Journal]: Coronavirus disruption prompts tax agency to extend deadline, waive interest and penalties.
- What the tax deadline extension means for your small business [Video]: Coronavirus disruption prompts U.S. tax agency to extend deadline and waive interest and penalties. The U.S. government has postponed the tax deadline for 2019 taxes being filed in 2020. This video clip provides a summary of what this change means for you.
- An Employers Guide to Navigating Coronavirus [Gusto]: This guide covers employers' COVID-19 legal requirements, safety precautions, and best practices.
- COVID-19 Loan and Relief Resources for Small Businesses: A Comprehensive List [Gusto]: the latest coronavirus loan and relief resources for small businesses.
- How to Prepare Your Business for a Recession [Podcast]: Learn how to strengthen your company’s financial health, weather the storm, and position yourself for prosperity and growth in any economic climate.
Resources for CPA Firms:
- NEW: PPP Loan Forgiveness [Podcast]: Listen to learn about how you can use the PPP loan to help your business get through the COVID-19 crisis.
- NEW: PPP vs EIDL [Podcast]: Listen to learn how you can best support yourself and your clients during the coronavirus crisis.
- NEW: How to Help Your Clients Through Difficult Times [Podcast]: Listen to learn about how to support your clients and keep their businesses afloat through financial strain.
- Going Remote as a CPA Firm During a Pandemic: Tips for quickly expanding your firm’s remote work capabilities and long-term benefits of going distributed.
- Becoming a Virtual CFO Service Provider: How Summit CPA Group is changing the way people think about accounting.
- How Summit CPA Became a Distributed Accounting Firm: The story of how Summit CPA Group overcame our fears and transitioned from a traditional brick-and-mortar office to a remote team.
- Workflow Management for Remote Accounting Teams [Podcast]: In this podcast episode, Jody Grunden talks with Jetpack Workflow about the importance of developing processes within an accounting firm.
- How we built our team using a distributed model [Podcast]: In this episode, Jamie Nau sits down with CEO Jody Grunden and COO, Adam Hale, for a chat about how Summit CPA developed into a distributed team, the technology they use, and why the model continues to work.
- Becoming the Firm of the Future [Podcast]: In this episode, Jake Grimm, Director of Technology, and Summit CPA COO Adam Hale join Jamie Nau for a deep dive into the tech tools they use to serve Virtual CFO clients remotely.
- How accounting firms can keep up with technology [Podcast]: Jake Grimm, Summit CPA Director of Technology, and COO Adam Hale join Jamie Nau after having attended the Live 360 IT conference in Orlando to talk about what they learned and what they're going to be bringing back to the firm.
- Distributed Working Models [Podcast]: We created this special episode because the coronavirus has forced a lot of companies to move towards a virtual team. In this episode, we discuss best practices for running a distributed company and working remotely.
Resources Around Remote Work:
- The Tools We Use at Summit CPA to Work Together Remotely: Communication is crucial for remote work arrangements to be successful, and good communication comes from using the right tools.
- People, Technology, and Process: Three insider tips for successfully managing a remote team.
- The Hidden Cost of Running a Distributed Company: If you think going remote will save your company money, here’s what you need to know.
- 5 Necessities for Your Remote Office: Tips from remote workers on home office necessities.
- How Working Remotely Affects Culture and Client Relationships: The incredibly positive impact of working together remotely can have both client relationships and company culture!
- Hiring Remote Workers: The ability to hire the right people, regardless of their location, can be a game-changer for companies.
- Distributed Working Models [Podcast]: We created this special episode because the coronavirus has forced a lot of companies to move towards a virtual team. In this episode, we discuss best practices for running a distributed company and working remotely.
