I know a lot of people who started their small businesses because of the pandemic. This gave a lot of people opportunities that were not there before. Some of them immediately hired a bookkeeper, some tried to do bookkeeping on their own. Bookkeeping helps you keep an accurate financial record to help you run your business, plan for growth or make sure that it will survive beyond the pandemic.

Yesterday I came across an article from accountingtoday.com. The title was “Will tax audits, enforcement increase to make up for pandemic shortfalls?” So, what is really the likelihood that audit cases will rise due to make up for tax revenue losses and increased spending to manage Covid-19?

As we know, many of you have applied and received the PPP Loan these past few months. We are still waiting on guidance for the loan forgiveness process that will be implemented through your financial institutions. In the meantime, you will find a few links below that we found helpful.

In the beginning of San Francisco shelter in place I did a mini-virtual workshop for a creative team who lost their jobs as an effect of the Covid pandemic.

As we are all facing unprecedented times with the novel coronavirus (Covid-19), life has undoubtedly changed for all of us. Due to mandated lockdowns and safety measures, we are all adjusting to this new norm. Our fixated routines and habits have shifted into the twilight zone.  As I can only speak for myself, I’ve entered a new territory of having my home become my office, and my spouse becoming my co-worker…  

We are living in a digital age where every financial institution is pushing paperless services. Whether it is to support the environment, security purposes, or having a quick resource to pull up documents, LIA is on board in maintaining a virtual file system for you.

Over the last few weeks, I have spoken with our clients about the coronavirus and what it means for their business both in the short and long term. Understandably, many business owners have questions and immediate concerns, but some have already started to look for the hidden opportunity within this crisis.