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.
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
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 […]
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.
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 […]
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).
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.