A 30, 60, or 90-day cash flow forecast
Updated tax filings
2. Pay yourself.
As many sole proprietors discovered when applying for a PPP loan, not paying themselves a salary or even paying themselves too modestly, came back to bite them. The PPP is, at its core, a payroll support program. So if you didn t have much of a payroll that is, you didn t pay yourself well or you primarily hired 1099 contractors, among other reasons you didn t qualify for as much. This is the reason why some founders landed $1 PPP loans, for instance.
While there s no telling now if this program will get trotted out again in a future crisis, it just might. So, do your future self a favor and cut yourself a decent check. You can dump [it] right back into the business if you need to, says Chelsie Kugler, vice president of business development at CFOshare, an accounting firm based in Denver. But giving yourself a paycheck, and keeping a record of it, should be a priority, she says.
Updated 4/16/2021 6:20 PM
Home developer D.R. Horton hopes to build an 85-home subdivision on the far west side of Hoffman Estates where another company s approved plans for a 75-home neighborhood fell victim to the Great Recession more than a decade ago.
The new developer plans to keep the subdivision name its predecessor coined Autumn Woods for the 36-acre property at the southeast corner of Berner and Summit/Golf Road that was annexed into the village in 2007.
Though a formal proposal has not yet been filed, Hoffman Estates village board members provided positive feedback to D.R. Horton representatives during a courtesy review of early plans this week.
Numerous Indian Americans in the Chicago, Illinois, area were seeking public seats in the April 6 election, with some succeeding in their candidacy.
Dr. Suresh Reddy, immediate past president of the American Association of Physicians of Indian Origin, was among the candidates vying for a Trustee seat in Oak Brook, Illinois, who won handily.
Reddy along with the other two winners, Laurence âLarryâ Herman and James P. Nagle, last accumulated âthe three highest unofficial vote totals with 100% of precincts reporting in the election for three four-year terms on the Village Board,â the Chicago Tribune reported.
Unofficial vote totals from DuPage County had Herman with 21.60 percent; Nagle, 21.45 percent; Reddy, 19.53 percent; Baar, 15.2 percent; Pruss, 11.34 percent; and Cuevas, 10.89 percent.
Tight battle for third seat on Hoffman Estates village board
Updated 4/6/2021 10:43 PM
With Election Day votes in nearly all precincts counted, two-thirds of an incumbent slate Hoffman Estates village trustees appear headed to reelection.
Trustees Karen Mills and Karen Arnet, with 2,545 and 2,408 votes, respectively, were well ahead of four other candidates for three four-year terms on the village board. A third incumbent, Michael Gaeta, sits in fourth with 2,066 votes, behind Renee Robinson s 2,089. Gaurav Patel and James Murre who joined Robinson on the Hoffman Estates Forward slate had 1,863 and 1,644 votes, respectively, with 28 of 29 Cook County precincts and one of one Kane County precinct reporting.
Unofficial results show incumbents swept in Hoffman Estates Michael Gaeta
Updated 4/7/2021 1:41 PM
With all precincts counted, it appears all Hoffman Estates village board incumbents up for election Tuesday will retain their seats.
But while unofficial results indicate clear victories for Mayor Bill McLeod and trustees Karen Arnet and Karen Mills, it took until the last precinct was counted to push Trustee Michael Gaeta from 23 votes behind challenger Renee Robinson to 28 votes ahead of her.
Knowing the outstanding precinct was the one in which he lives, in the Haverford Place senior community, gave Gaeta confidence he would make up the deficit.