News and press releases for Financially Simple, Justin Goodbread, and his team.

May 5, 2020
the hidden tax danger of the PPP loan

PPP Loan and the Hidden Tax Danger

At this point, we’ve all heard about the SBA’s Paycheck Protection Program (PPP) that was rolled out as a part of the Cares Act. There’s even a good chance that you have taken part in this program. While the PPP has many potential benefits to business owners during the COVID-19 crisis, there may be some hidden dangers in it, as well. In today’s blog, I’m going to share some very important information with you. The purpose of sharing this with you is to inform you of some of the hidden danger business owners face with the PPP loan, and hopefully help you to avoid any troubles.
April 21, 2020
PPP Forgiveness Requirements

PPP Forgiveness Requirements: A Business Owner’s Guide to Navigating the Rules

Business owners all over the country have taken advantage of the Small Business Administration’s Payroll Protection Program (PPP). So many, in fact, that the PPP has already exhausted its $350 billion budget. Although some of you may still be waiting for your funds to be deposited, many others have already received their money. But what do we do with the money now that we have it? After all, the beauty of the PPP is its forgiveness provision. In today’s article, I will detail some ways to get the most out of your PPP forgiveness.
April 2, 2020
SBA Economic Injury Disaster Loan 7a 7b

SBA’s Economic Injury Disaster Loans – Immediate Hope For Businesses

Last update – 4:29 pm, April 6 Over the course of the COVID-19 pandemic, news and information have changed at a frenetic pace.* As the information on the Senate Cares Act was released on 3-27-2020, it was already in the process of changing. So what has the Cares Act changed for us, as business owners, in regards to the Economic Injury Disaster Loan? What do we do with this new information? Who is eligible? What portion of the loans will be forgiven? These are just some of the questions that we will address as we look at the update to the Cares Act and what to do now.
April 1, 2020
Moving to A Remote Workforce

Moving to A Remote Workforce Due To COVID-19 – Pros, Cons, Implementation

Over the last ten to fifteen years the idea of businesses utilizing a remote workforce has grown in popularity. However, the outbreak of COVID-19 has forced many business owners to adopt this model almost overnight. With such a break from the traditional business model, there are bound to be logistical issues. How do you monitor your team’s production? What’s the best way to train them? Are there ways to foster teamwork when everyone is isolated? I had the chance to talk about these subjects and more with a fellow entrepreneur that has worked with a remote workforce since 2008. Join me as I share what I’ve learned about the ins and outs of running a business with a remote workforce.
March 26, 2020
Key Points of The Senate CARES bill

The Senate CARES Bill and Small Business – The Key Points

The COVID-19 pandemic has taken a massive toll on the economy and the way that we conduct business. As many are reeling from the shock of the disease’s immediate impact on small businesses — both owners and their employees — the U.S. Government has put together legislation to attempt to alleviate some of the economic strain. As is the case with most legislation, there is a lot to unpack in the Senate CARES act. I’ve taken the time to comb through some of the language and provisions included in the bill and have identified some of the key points that may impact you, the business owner. Join me as I explain the bill in Financially Simple terms.
March 25, 2020
dental marketing during the closures

Marketing Your Dental Practice In Turbulent Times

Even in normal circumstances, today’s subject is one that many entrepreneurial doctors struggle with. The truth is that many business owners — not just doctors and dentists — aren’t fans of marketing. It’s difficult to really know how much time or money to commit to it and oftentimes, it’s even more difficult to measure the results. Since that’s the case when everything is moving along like normal, surely you should abandon your marketing initiatives altogether in the midst of the COVID-19 pandemic… Right? Not so fast! I’d like to spend a little time talking about how and why you should be marketing your practice in turbulent times.