When the Macro Calls for the Micro
Inflammo is expanding beyond accounting and finance services, offering leadership development and employee coaching. As the workplace evolves, businesses must prioritize both the numbers and their people. We want to help companies foster employee well-being, retain top talent, and create meaningful growth by emphasizing empathy, emotional intelligence, and connection. By focusing on both the macro (business environment shifts) and the micro (people and relationships), we hope to accelerate team and leadership growth, paving the way for success.
Highlights from the PPP Flexibility Act
The Paycheck Protection Program Flexibility Act introduces vital updates for PPP borrowers, including extended loan forgiveness periods, adjustments to payroll vs. non-payroll cost ratios, and new safe harbors for wage and FTE reductions. The Act also provides flexibility for loan repayment and payroll tax deferrals. These changes aim to help businesses navigate financial challenges during COVID-19 recovery. Learn more about how these updates could benefit your organization.
PPP Process - The Latest & Greatest
With the Paycheck Protection Program (PPP) process still awaiting final guidance, it’s crucial for loan recipients to start planning now for loan forgiveness. From contacting your lender for guidance to tracking your payroll costs and full-time equivalents (FTEs), proper preparation will help maximize the forgivable portion of your PPP loan. This post covers key steps and tips for ensuring your business meets the requirements for loan forgiveness, plus advice for those awaiting Round 2 of PPP funding.”
PPP Funding - Where Things Stand
With the signing of the CARES Act, the Paycheck Protection Program (PPP) is open for applications. Inflammo provides a step-by-step guide to help businesses navigate the process, gather necessary payroll information, and prepare applications. Learn how to ensure compliance, work with financial institutions, and optimize your PPP loan application for success.
606 & 842 – Why These Numbers Should Have Your Attention
Private companies using accrual accounting must prepare for two key accounting standards: ASC 606 for revenue recognition and ASC 842 for lease accounting. ASC 606 impacts how companies recognize revenue, especially in industries like healthcare and SaaS. ASC 842 requires companies to report operating leases as liabilities on the balance sheet, increasing financial transparency. Both standards have significant implications for private companies and require careful attention to compliance.
New Year, New You, and a New Financial Game Plan for Your Business
As we welcome 2019, it’s the perfect time to prioritize your business’s financial game plan for the next 12-36 months. Success requires preparation, and by assessing your current financial position, defining future goals, and determining the resources needed, you can set the stage for growth. Use this guide to build a roadmap for revenue, employee development, and financial health, ensuring that your company is positioned for success in the years ahead.
Spring Cleaning for Your Business
Spring is here, and it’s the perfect time to refresh not only your home but also your business! From prepping for tax day to revisiting your budget and trimming unnecessary expenses, this blog offers four key tips for spring cleaning your business finances. Get ready to tidy up and set your business on the right path for the rest of the year!
3 Key Takeaways from Social Enterprise Alliance's 2017 Summit
The Inflammo team attended Summit ’17 in Los Angeles, hosted by the Social Enterprise Alliance, where they joined hundreds of social entrepreneurs for two days of workshops and networking. Key takeaways included the importance of transparency in organizations, the value of resilience for entrepreneurs, and the belief that entrepreneurship is a mindset anyone can embody, not just CEOs.
Strengthen Your Core: Outsourcing Keeps You Focused
Outsourcing essential business functions like accounting, IT, and HR can help entrepreneurs refocus on their core strengths. At a recent “breakfast and learn” hosted by Inflammo, business owners learned how outsourcing can boost efficiency, provide scalable solutions, and allow for growth. While not a one-size-fits-all approach, outsourcing offers flexibility, reduces risk, and supports long-term success.
Our 3 Key Takeaways From 36|86 Conference
The Inflammo team recently attended 36|86, the South’s premier tech and entrepreneurship conference in Nashville, TN. From inspiring talks by leaders like Steve Case and Fred Smith to engaging discussions on diversity, 3D printing, and raising capital, the event was full of valuable insights. Key takeaways include focusing on building a better business, identifying your company’s competitive advantage, and remembering that while business is driven by numbers, personal values and relationships are what leave a lasting legacy.