The Importance of Financial Readiness During COVID-19

“Financial readiness” for businesses is more important than ever during COVID-19. As we continue to provide pandemic assistance, we notice that some business owners have been unable to apply for the SBA Economic Injury Disaster Loan (EIDL) or the Paycheck Protection Loan because their financial records and books are not in order. Shelly Gross Wade, the President & CEO of FSC, first a Prince George’s County financial services corporation and now an SBA Funds Administrator, states, “Business owners need to take the time to devise a turnaround plan for sustainability. Re-evaluate their customers’ needs, update their corporate documents, automate their financial records, and by all means maintain a good credit score. How business is done in the future will be dramatically different. After Covid-19, everything must change!” To prepare, here are financial readiness tips for current business owners and anyone considering starting a business: Build a relationship with a reputable…

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Tax Compliance for Small Business – Montgomery County

  Overwhelmed by the various tax compliance requirements? As a business owner, you need to know the appropriate regulations for your industry as well as requirements imposed and enforced by a state and federal authorities. This workshop, led by a Certified Public Accountant, addresses what your company should be doing to comply and what your company can do capitalize on tax savings. *Target Audience: Start-Up – new small businesses with an established Federal EIN     Note Our Policies: No refunds issued for workshops not attended. Walk-ins are accepted in our Montgomery county location (credit cards payment only). You must register through www.marylandwbc.org/events to reserve your seat. Inclement Weather: MWBC Montgomery County follows Rockville City government closings. Delays are assessed on a case-by-case basis and a final decision will be communicated to attendees no later than 2 hours in advance of the course.

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