Monthly Archives: April 2020

Join us as Jeffrey Hayzlett as he lends his expertise and insights leading over 250 companies from Main Street to Wall Street.

Understanding the Paycheck Protection Program and How it Affects Your Business

by Entrepreneur Insider • April 1, 2020 • 0 Comments

Join Trent Bryson, CEO of Bryson, along with Thomas (TJ) Chaves, SVP, SBA Division Manager of Sunwest Bank who will give you helpful advice on navigating the PPP.

4 Quick Tips for Sheltering Your Relationship While You Shelter in Place

by AmyK Hutchens • April 1, 2020 • 0 Comments

Start by communicating your feelings clearly and without absolutes.

What to Do If You've Lost Your Job Because of COVID-19

by Debby Carreau • April 1, 2020 • 0 Comments

You’re not alone, but there is an action plan.

Nearly 1m businesses on brink of collapse, warn accountants

by Timothy Adler • April 1, 2020 • 0 Comments

Originally written by Timothy Adler on Small Business
UPDATED: More than 800,000 businesses are within weeks of going bust because they can’t get the coronavirus business interruption loan.
Nearly one-fifth of small and medium-sized businesses are unlikely to get the cash they need to survive another month despite promises of unprecedented government support, according to the BBC Today programme.
Many firms have told the BBC that they can’t get the emergency loans or that the money will take weeks to come through.
With bank branches shut, thousands of struggling firms can’t get through by phone or when they do, they are being told they are not eligible.
>See also: How to get the government’s £10,000 cash grant for small businesses
Banks told the BBC they are following government rules on SME lending that firms only qualify the emergency loans if they cannot borrow in a normal commercial way or by taking out a loan against property.
Small business owners have contacted Small Business, saying they are being pushed towards standard commercial loans when they have rung up about the CBIL and that without a CBIL many businesses face collapse.
While grants are promised for the hardest-hit sectors such as retail, leisure and hospitality the group suffering from a

Hot Business News Today

How do I make someone redundant? – small business redundancy guide

by Mike Tremeer • April 1, 2020 • 0 Comments

Originally written by Mike Tremeer on Small Business
The Covid-19 pandemic is having far-reaching consequences for businesses across the globe. Many have found that demand for their goods and services has fallen away drastically while others are prevented from operating due to government lockdowns. Other employers have been forced to consider redundancies in order to cut staff costs, but any small business based in the UK should give thought to other measures available before proceeding with redundancy as a last resort.
Coronavirus Job Retention Scheme
The newly announced Coronavirus Job Retention Scheme provides vital and unprecedented support to business to help pay their staff wages during the current crisis. The scheme offers employers reimbursements of up to 80 per cent of “furloughed workers” wage costs capped at £2,500 per month, in addition to other costs to employers. Furloughed workers are those who have no work to do, and they must not carry out any work while they are furloughed.
One of the key elements of the scheme is that it applies to those who would otherwise have been “laid-off”. For most employers the alternative to placing an employee on the furlough scheme would be to make their role redundant, and indeed the guidance from