We want to thank all of our amazing clients for your time and energy this year. We love working with you to grow your businesses and feel so blessed to be a part of your team.
2020 was a strange year, but we have seen so much innovation, adaptation, and resilience! We look forward to fantastic 2021!!
PPP2 is Coming – Here is the Breakdown!
The second round of stimulus package has been passed by the U.S. Senate. The $900 billion package is providing $600 to individuals, adds $300 to extended weekly unemployment benefits, and provides $300 billion in aid for small businesses.
Previous PPP recipients may apply for another loan up to $2 million if:
1. You have 300 or fewer employees
2. Have used or will use the full amount of your first PPP loan
3. Can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019.
For more information on loan terms, the simplified application process, tax deductibility for PPP expenses, and eligibility
read more here.
REMINDER
Don’t Forget!
Please make sure to update the State Unemployment Rate in your Payroll system. Rate letters went out in Q4.
*If we manage your payroll, please send us your rate letters!
LAST CALL FOR W9s!!
All W-9’s are due by January 1st to ensure a timely filing of 1099s.
Here is a link to a fillable W9 to provide to your vendors.
Give your vendors this link to submit the form directly to On the Books.
Want To Share Your Story?
If you would like to be featured in our Client Highlight section, click the button below to fill out a brief questionnaire. We will handle the rest!
We wish you and your family a very Happy Holiday Season!
We have limited holiday
hours this week:
December 31st – 8am-12pm
January 1st – Closed
On the Books Recommendations
Books, Podcasts, and More!
December Podcast: Lessons from Thousands of Startups
This month’s podcast features CEO of YC’s startup accelerator, Micheal Seibel. Join the conversation to gather information on what Michael has learned from interviewing thousands of entrepreneurs and reviewing their startup applications.
December Book: Who: The A Method for Hiring
Many of our clients struggle with hiring. Whether it’s your first hire, or your 50th, it’s important to get it right. We have had several colleagues recommend this book. We’d love to know if you’ve read it, and how it helped you!
Upcoming Virtual Events
Duke MedEX Entrepreneurship Workshop Series – January 5th @ 7:00-10:00pm – Whether you are just starting out or an experienced entrepreneur, this series has informative and interactive talks from local experts that has something for everyone.
Small Business Roundtable: How to Start Strong in 2021 – January 7th @ 3:00-4:00pm – This month the roundtable will be discussing: Customer Loyalty, LinkedIn, Marketing Collateral, Business Pitches, Ways to Grow Your Business, Networking, Customer Engagement, and Business Research.
Evolve Bootcamp Operations – January 12th @ 5:30-7:00pm – A 4-week program for startups who have raised a round of funding and are seeking to scale their business operations.
Winston Starts Investor Forum – January 20th @ 9:00am – Join to hear four of Winston Starts’ startups in various industries as the pitch their ideas to an experienced investor panel followed by a Q&A about the current investment environment and trends.
2021 Outlook for Tech – January 27th @ 8:45-12:45pm – Join business and tech leaders from companies and organizations for a virtual event where the following topics are covered: Executive Briefing Style Presentations, NC STIR 2021 Release and Briefing, TECH Talks, CIO Panel Discussion, NC Tech – 2021 Preview.
