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Provisions of the Second Coronavirus Relief Bill That Affect Hampton Roads Small Businesses

Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our Norfolk business clients. With the...

Should Your Hampton Roads Business Consider Returning The PPP Loan?

There has been a lot of recent talk about the PPP money, who got it, who didn't, and even if some companies should pay it back.I have some thoughts on this but ultimately, you will have to make this decision.It's an easy decision if you desperately needed it. And if...

The Infrastructure Act and Your Hampton Roads Business

Blink, and we're already into December.Which also means… 2022 is right around the corner.Are you ready?The reason I put this so starkly is that you and I have less than 30 days left to make a tangible difference on your taxes (business or personal).For your business...

Steve Kallam’s Third Stimulus Package Update

Well, it doesn't look as if the minimum wage increase is happening.But all kinds of other interesting nuggets are inside the Senate version of the third stimulus package, the "American Rescue Plan" (i.e. the Biden stimulus).Now, portions of unemployment are NOT...

Getting Started with Metrics and KPIs in Your Business

Your car dashboard tells you how far you’ve driven and how much gas is left in the tank. Your smartphone has a button to tell you how much space you’ve got left after taking all those pictures of the kids. Your bank’s all too happy to show you a report on how your...

Steve Kallam’s Insights on Reducing Business Expenses

No matter how far around the block customers are waiting, in business, only one line counts.The bottom one.That’s why reducing business expenses is critical.Getting a grip on the costs of doing business brings you benefits both short- and long-term. “Cost controls”...

Good News for Hampton Roads Businesses About

Just when we thought that the business-related news might slow down for Hampton Roads business owners...Not only are unemployment numbers improving (much to the surprise and delight of the stock markets), but ...Congress passed, and the President has signed a bill...

A Note on the Coronavirus for Hampton Roads Families

As COVID-19 snakes its way through the world, what's becoming clear to me is that ... well, not much is clear.From death rates (relying upon shaky data from totalitarian regimes), to spread rates, to proper precautions -- you can find an article from a...

Steve Kallam’s Tips for Creating a Business Disaster Plan

The past year and a half has been stressful for everybody in Hampton Roads . And I would argue it’s been doubly so for Hampton Roads business owners.The thing is though, these things happen. Quite regularly. Maybe not global pandemics, but disasters in general.So, as...

Big PPP Loan Forgiveness News For Hampton Roads Businesses

You might have seen some rumors on this already, but I wanted to help make everything clear for you...A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that?Well,...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.

But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!

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