By Michelle Leonard, CPA
I think I can speak for more than myself when I say my eyes have started to glaze over when I see yet another COVID-19 related headline, email, or social media post. The amount of information we are bombarded with daily is overwhelming and ever-changing. While “information overload” has been a growing issue in our workplaces and homes in the last several decades, it has certainly been compounded by current events and can have a profound effect on our ability to make effective decisions. From a business perspective, it is hard to know what sources to believe, what relief is available, what the current rules and regulations are, and how to proceed in this new environment.
One of the best ways to combat information overload is to delegate research and tasks. I am proud of the way our MHCS family has done this over the last few months. We have created task forces and committees on everything from reopening the office to teams specializing in assisting our clients with the Paycheck Protection Program (PPP) loans. Delegating specialized knowledge responsibilities helps us better serve our clients and make sure staff are not overwhelmed with trying to gather and retain all the information on an individual level.
We know you have many of these things on your mind as well and our Business Advisory team can be a great resource to help you delegate your concerns. They are poised to assist with strategies to maximize PPP loan forgiveness, payroll tax deferral strategies, planning usage of SBA Economic Injury Disaster Loan funds, business cash flow planning, and more.
Michelle Leonard, CPA | Manager