I'm curious about the source of all the funding. I'm sure you've received phone calls regarding your eligibility for additional COVID-19 relief funds. It seems that the funding pool is still substantial, but there are indications that the IRS might be taking steps to manage it better. Therefore, it's advisable to double-check when applying. It's anyone's guess why we continue to spend money when the economy is showing signs of improvement. Please note that, in your financial assessment, it's unclear whether this will be considered as taxable income. Therefore, it's advisable to keep it separate in your financial records.

The IRS has put a temporary pause on Employee Retention Credit claims.

Citing "rising concerns about a flood of improper Employee Retention Credit claims," the IRS has announced an immediate moratorium on processing new ERC claims. The agency says that the pause, which will run through at least the end of the year, is intended to protect honest small business owners from scams. No new claims will be reviewed or processed until early 2024.

"We assumed we'd see a trickle," IRS Commissioner Danny Werfel said, referencing the timing of the claims. "We are seeing a tsunami."

The numbers bear that out. To date, the IRS has received 3.6 million ERC claims. The open inventory currently includes about 600,000 returns—most of those were received in the last 90 days. That represents 15% of all ERC claims since the program opened.

How prepared are you for the last quarters of the year? This is an excellent time for sales.

Every business is unique. It is important to identify the precise issue that is giving potential buyers pause when it comes to purchasing your company. With that said, there are general rules that you can follow to help sell your company faster and for an optimal sale price. Specifically, here are seven ways you can improve the salability of your company if you are having trouble finding a buyer:

1. Minimize your customer concentration, unless you have long term contracts. 
2. Make your financials transparent and clean recasts. 
3. Price your business correctly, supported by comparable market data.
4. Let your Management Team run your Business, and as Owner focus on growth and profits.
5. Document your processes and procedures
6. Define your key performance indicators (KPIs) – we can help you if needed
7. Have a Strategic plan in place supported with 3-year financial history and 3-year forecast.

Not Selling yet, let us help you develop the Strategy for 2024 here. 

It depends, for a transaction of a sizeable Business yes, as it will get along with quality of employees and overall performance as well as competitiveness, and therefore it is part of the valuation. 

How does the Economy perform - US business activity growth remained close to stalled for a second month in a row in September, according to flash PMI data compiled by S&P Global, suggesting that the pace of economic growth has weakened in the third quarter.

Companies reported that demand remains under pressure from the increased cost of living and higher interest rates, which have dampened service sector growth in particular, after robust growth seen earlier in the summer. Manufacturing, meanwhile, remains in the doldrums.



The survey price data meanwhile indicate stubborn stickiness of inflation, consistent with CPI running around the 3% level in the months ahead, with higher oil prices presenting some upside risks to inflation. Wage growth also remains a widespread driver of inflation, and employment growth ticked higher in September to add to signs of labor market strength. However, with backlogs of work falling at a marked rate, and future output expectations slipping lower, there are question marks as to how long companies will continue to boost payroll numbers at the current rate.