Securing Your Business and Protecting Your Assets During Covid-19

In the face of uncertainty, successful business leaders must prioritize key business essentials and skillfully guide their organizations through this global crisis. MCDA CCG, Inc. has developed a checklist of 11 critical areas for financial executives to focus on now to position their organizations for a strong recovery. Cash management strategies Prioritize and conserve cash payments byContinue reading “Securing Your Business and Protecting Your Assets During Covid-19”

EIDL Assistance

Update as of 16 – June – 2020- THE EIDL ADVANCE IS OPEN TO ALL APPLICANTS! (Many of our clients are currently seeing approvals within 24-48 hours at this time!) MCDA is submitting and can provide same-day confirmation numbers for the Economic Injury Disaster Loan (“EIDL”) & Grant Program. We have successfully provided funding for hundredsContinue reading “EIDL Assistance”

President Trump Signs Bill Easing PPP Requirements

President Donald Trump has signed into law a bill that gives employers more flexibility when using Paycheck Protection Program (PPP) funds and applying for loan forgiveness.  Current PPP borrowers can choose to extend the eight-week period to 24 weeks, or they can keep the original eight-week period. New PPP borrowers will have a 24-week coveredContinue reading “President Trump Signs Bill Easing PPP Requirements”

Loan Forgiveness with Paycheck Protection Program Loans

For those who secured Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, the conversation is now focused on two things: How to calculate and determine loan forgiveness scenarios Loan necessity In general, some or all of the loan granted under the program may be forgiven if used on allowable expenses over the eight-week periodContinue reading “Loan Forgiveness with Paycheck Protection Program Loans”

Unemployment Insurance Vs. Returning To Work

Clients are growing increasingly worried that due to the Federal unemployment subsidy of $600 per week, employees may refuse to show for work or return to work once “work is available”. We have laid out some facts to help if you find your business in a similar situation. While California is rushing to process unemploymentContinue reading “Unemployment Insurance Vs. Returning To Work”

Should I Outsource My Accounting?

The growth of your business is exciting, but not without some growing pains. There will be a point usually around $1M in revenue, in some cases more – you can no longer be involved in every part of your business. You have to focus on what you are good at and delegate the rest AccountingContinue reading “Should I Outsource My Accounting?”

Southern California Workplace Orders

Southern California Counties have released new workplace health orders regarding face coverings, effective this week.City of Los Angeles: Effective April 10, 2020 a new Worker Protection Order requires employers provide and pay for nonmedical essential workers to wear nonmedical-grade face coverings while working.  The order specifies that reusable face coverings should be washed once a day,Continue reading “Southern California Workplace Orders”

BUILD CULTURE- CONNECT WITH YOUR REMOTE TEAM

With the sudden and somewhat overwhelming switch to remote work, many are finding ourselves trying to recreate the professional and social environments of our workplaces from our homes. From the awkward uncomfortable Zoom or Skype calls with entire teams to the sudden absence of water cooler talk, participating in the workplace culture now feels likeContinue reading “BUILD CULTURE- CONNECT WITH YOUR REMOTE TEAM”

Working From Home…Beware of Scams!

Companies are continuing to make arrangements for employees to work from home, and others are fast tracking HR policies to meet the requirements of shelter-in-place orders by state officials.  These actions are making it an even higher risk for people being targeted by scammers, especially through phishing emails or through an unsecured network connection. EmployeesContinue reading “Working From Home…Beware of Scams!”

Do You Need To Apply for an SBA Disaster Loan?

Everyday more businesses are forced to close their doors to keep up with the ongoing health and safety standards and revenue is plummeting.  The government is working to provide economic relief to American businesses, and some of the relief solutions are already available.  The SBA (Small Business Administration) has extended their disaster loans to smallContinue reading “Do You Need To Apply for an SBA Disaster Loan?”