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May 27, 2021/Furniture Insights

May 2021 Furniture Insights

Year over year comparisons become tough as we enter the period when the pandemic began shutting down businesses in 2020. In comparing with a more standard 2019, orders are up 40% in our latest Furniture Insights.

April 29, 2021/Furniture Insights

April 2021 Furniture Insights

Furniture sales continue their strong upward trajectory with new orders in February up 34% over February 2020, marking the 9th straight month of large double-digit percentage increases. Also noteworthy is that this trend impacted 94% of the participants in our latest Furniture Insights.

April 26, 2021/Business Planning, COVID-19

Is Your PPP Loan Forgiveness Deadline Fast Approaching?

If you have received a Paycheck Protection Program (PPP) Loan and have not yet submitted your application for forgiveness, your deadline may soon be approaching. The deadline to submit a PPP Forgiveness Application with your lender is 10 months after the last day of the borrowers covered period

April 26, 2021/Tax

Paper Filing? Expect IRS Delays

If you find yourself engaging with the IRS manually via paper – through returns, letters, or election forms – you are likely one of the 29 million Americans who are experiencing significant processing delays. As highlighted in a recent CBS News article, these delays are far-reaching and are mostly impacting anyone who does not use […]

March 29, 2021/Furniture Insights

March 2021 Furniture Insights

According to our latest survey of residential furniture manufacturers and distributors, new orders in January 2021 continued the rapid increases compared to the previous year. New orders were up 27% compared to January a year ago, the same percent increase as last month. This marks the 8th straight month that orders were higher than the previous year.

March 12, 2021/Tax, Business Planning, COVID-19

American Rescue Plan Act of 2021 Becomes Law

President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) into law on March 11, 2021. Key provisions of this act allow for additional stimulus funds and is the 6th bill enacted by the federal government that focuses on COVID relief. Relief from this bill impacts both businesses and individuals and provides […]

COVID’s Impact on EBITDA

When buying or selling a company (now or in the future), it is important to recognize the impact that COVID has had on businesses. For most, COVID has had both positive and negative impacts on financial results. It’s time to familiarize yourself with the term EBITDAC (Earnings Before Interest Taxes Depreciation Amortization and COVID). 

March 2, 2021/Tax, COVID-19

Employee Retention Credit Update

The Employee Retention Credit has become a hot topic for 2020 and into 2021. We provide general information regarding 2020 retroactive changes to the credit, as well as the credit’s extension through 2nd quarter of this year.

February 25, 2021/Furniture Insights

February 2021 Furniture Insights

December furniture orders are trending up with December 2020 orders up 27% over December 2019 with around 84% of our participants reporting increases in our latest Furniture Insights.

January 28, 2021/Furniture Insights

January 2021 Furniture Insights

Furniture order growth continued to be positive, despite with the pace of growth slowing down a bit in November, with new orders up 17% in November compared to November 2019 in our latest Furniture Insights.

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