Month: July 2020

CPAs Launch Calculator That Automates PPP Forgiveness Stage


A new free-to-use online calculator is designed to help simplify the forgiveness step in the small business loan Payroll Protection Program (PPP). Developed by the American Institute of Certified Public Accountants (AICPA) and fintech lender Biz2Credit, the platform automates the forgiveness stage of the PPP. The tool incorporates an earlier PPP forgiveness calculator developed by the AICPA.

The developers estimate the calculator, PPPForgivenessTool.com, will save several hours of manual work for any applicant going through the PPP loan forgiveness process.


Any business with a PPP loan, regardless of the lender, can use the tool. The only requirement is that the small business is approved for the loan program.


NOTE | There are areas where additional guidance from the Treasury and SBA is needed to calculate PPP forgiveness. Borrowers can still get their applications started while waiting on additional guidance. Once additional guidance is released, PPPForgivenessTool.com will be updated to reflect the new rules and we will contact borrowers who have started applications on the tool. The AICPA recommends borrowers begin an application and wait for additional guidance before generating the final signed SBA Form 3508.


“The objective for the calculator was to create a simple, effective forgiveness process,” said Erik Asgeirsson, president and CEO of CPA.com.

More information about the tool is available at PPPForgivenessTool.com. In addition,

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How to Keep Your Team Engaged During Virtual Meetings

Try these tips to maintain their attention.

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4 min read

Opinions expressed by Entrepreneur contributors are their own.


With the pandemic moving the world to all things digital overnight, have been forced into leading their teams via video conferencing. But is not the same as being together in person for . Though being virtual has many benefits, it has necessitated many of us to multitask, dividing our attention among our other activities. Is your attendance inconsistent? Do only a few members participate and engage? Overcome team members who are disengaged during video conference meetings with these tips.

Pre-assigned roles

One way to engage your group is with pre-assigned roles. One such role is the CFO, or Chief Fun Officer. The CFO is responsible for the fun in the group. They can choose ice breakers or play a theme song at the start of every meeting. Let the CFO’s imagination run wild with ways to have fun during a Zoom call, then let the fun begin!

The COO, or Chief Organizational Officer, is responsible for taking notes during the meeting. These should include any unanswered questions, special requests, urgent needs, ideas discussed, attendance and any other

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How Higher Education is a Primary Source of Innovation for Today’s Startups


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Although universities have always had a research function, they have increasingly become the primary source of innovation for many of today’s startups and organizations. Disproving the old cliché about delivering theory over practical solutions, today’s universities attract entrepreneurs who are working on challenging problems with real-world import. These institutions of higher learning are also nurturing more students to become founders themselves. 

Here are some of the ways higher education is taking on a bigger role within the entrepreneurial business environment. 

Related: How Remote Education Is Evolving During the Crisis

Academic incubators

Universities around the world are moving beyond classrooms and libraries to create these unique spaces where industry organizations and businesses work on-site with student founders to fuel new startups. 

According to research from the Review of Economics and Political Science, the growing number of university incubators leads entrepreneurs to develop greater understanding of business relationships, investing, employee mindset and more.

With the vibe of a combined think tank and collaborative workspace, these incubators also offer cafes, labs, mentoring services and conference facilities to emulate the feel of a real-world work environment. In many ways, they are just that. 

For example, UC Berkeley is the site of numerous incubators and accelerators, including LAUNCH, SkyDeck and

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The CEO of Silver Oak Wine Breaks Down a Winning Ecommerce Strategy All Entrepreneurs Can Use


5 min read


David Duncan’s portfolio includes Silver Oak, Twomey and Ovid wineries — brands that any winemaker (and drinker) would kill for. As his company ramps up for the launch of his new winery, Timeless, Duncan shared his thoughts on wine trends during the pandemic, building wine brands digitally and millennial insights for the industry.

On targeting the right audience

“The future of luxury wine are and soon , and they have brought about a new era of ephemeral, limited-edition retail that will become the norm in luxury and craft. The Supreme, streetwear model. What it says, is that the customer looks for brands they can trust to deliver on their needs and values and that they are open to curation from the beyond one specific product. Both luxury and craft are viewed as an experience by these next generations, and so the uniqueness of each limited product enhances the memorability of the experience.”

Related: If the Black Crowes Adapted to Ecommerce During the Pandemic, So Can You

On inspiration             

“Our audience knows that across all our wine brands, we only find the best sites, we focus on capturing sense-of-place, and really balance American innovation with French pillars, so they come with us for a journey. Taking our new brand Timeless as

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Why You Should Speed Up Your Digital Transformation During the Crisis


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Before the crisis, if your company depended on a physical location and in-person interactions with customers, vendors and employees, it might have made sense to cling primarily to legacy systems and paper processes. Adding digital components like a website, mobile app or electronic payment processing didn’t necessarily mean you’d undergone a complete digital transformation

The current health crisis has changed the with guidelines and mandates on remote work and social distancing. Even if you’re fortunate enough to continue operating, this radical change may mean it’s time to take a deep dive into a digital transformation, rather than just baby steps. 

Here’s why you need to change now, and how to do so on a lean budget. 

Related: How to Reward Employees in Uncertain Times

Crumbling legacy systems and paper processes

Not every business is adequately handling the volume that many financial institutions and state and federal organizations are currently experiencing for loan and unemployment processing. These are prime examples of the insufficiencies of legacy systems buckling under the pressure of increased demand. Healthcare and insurance systems are also struggling in this new environment. 

Accounting

On a smaller scale, businesses and startups are also finding it difficult to continue using manual accounting

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