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Hey everybody, it s Tony Robbins.
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Listen, I hope you re home with your family and getting ready to go back to work hopefully soon.
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If you re a business owner, I know this is an incredibly tiring time and challenging time for you for any business.
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And I really want to be a source of solutions for anybody we can help.
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So when the first came out, the government came out with their PPP program, their
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their payroll protection plan and the disaster loans.
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I immediately worked out and went to several different attorneys and had a hard time getting anybody to give me real answers.
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And then it turned out Tyler McBroom was the financial advisor and accountant for us.
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And he does our CFO, virtual CFO services.
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He got it done in less than 24 hours for us.
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We got funded.
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It was incredible.
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And so I immediately, immediately he was working with us, said we got to help our clients throughout the United States and around the world.
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And so we did different
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webinars for each of them.
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And then, of course, the money ran out.
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We put it out immediately so that people could get on board.
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We helped a ton of people.
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But in case you missed that, and they ran out of money before you went, they just passed the new laws, I m sure you ve seen, with some more money in this category.
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And some of the things are very similar.
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So I m going to pass the ball to Tyler to explain it to you, and then you can take a look at the webinar and understand what to do.
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Or you can reach out to them if you re looking for someone just one-on-one to help you with the services.
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Blessings to you during this difficult time.
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We re gonna get through this the other side.
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This too shall pass.
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And hopefully these funds can help you a little bit over the next 60 or 90 days as you re making that transition to getting back in business.
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Till then, live strong, live with passion.
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Here s my partner Tyler.
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Hey there, so it has officially been signed into law, the new $484 billion interim stimulus bill.
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That includes $370 billion specifically for small businesses.
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That s the PPP, Forgivable Payroll Loan Program, and then the Disaster Loan Program as well.
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And if you re someone who has employees, lots of employees,
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a few employees or even a sole proprietor with zero employees, you need to look into that PPP loan program.
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If you re someone who s had damages and lost revenue or his business has suffered as a result of directly from this COVID-19 pandemic, you need to be looking into that disaster loan program and make sure you take advantage of this round of stimulus funding.
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That was Tyler McBroom, the CEO and managing partner of Measured Results, a CPA firm that s part of Tony s Global Accounting Advisors Alliance.
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He just explained which loan program you should be looking into based on your specific type of business.
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But if you re wondering how to go about applying and what you may be eligible to receive, you re about to hear everything you need to know, including answers to many what-if scenarios.
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So don t wait, now is the time to act on claiming your share of the government benefits, apply for loans to keep your employees, and to pivot in this new economy.
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Just a note, what you re about to hear was originally recorded when the first round of funding was released by the government, but the process still applies to this second round.
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Here s Tyler and Tony.
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Before I dive into the high level elements of it, I just want to say very quickly that these
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Interpretations on these discussion points are changing daily.
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This is what we know right now.
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And we re monitoring this literally hour by hour.
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We ve got a whole team going through it, figuring out what the Treasury s coming out with, what the banks are saying, all of that.
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So this is what we know as of up to this very moment.
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But it is going to continue to evolve.
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And then, of course, on these matters, we re going to share some important information.
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and things that can definitely apply to your business.
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But we want to make sure that you want to cover it with your professional, your individual professional to make sure that how it applies to you, this isn t individual tax advice.
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So just got to announce that before we dive in.
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So now that that s out of the way, let s discuss
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how to get these people the relief they need.
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So this is at a high level, some of the items that we re going to cover.
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So they have disaster loans of up to $2 million that are at 3.75% interest.
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You can pay those back over up to 30 years, and that s for working capital loans.
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They have an emergency grant feature that can get you up to $10,000 cash supposedly immediately.
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We ll get into a little bit of that later.
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You can defer payroll taxes until as late as potentially 2022 for your payroll taxes this year.
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You now have the ability, again, to carry back any net operating losses you ve had in 18, 19, or this year.
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And I ll get in, so net operating loss, if you re not familiar with that term, I m gonna break that down a little more towards the end of the presentation.
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Then they have these employee retention payroll tax credits.
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If you ve had a drop to your business, but continue to keep your team on, they have payroll tax credits where you can get money back on your payroll taxes.
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And then of course the big one that everyone is interested in and trying to figure out,
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these forgivable loans of up to $10 million that you literally don t have to pay back.
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Like you said, if you handle it correctly, if you spend it on payroll costs, rent or mortgage interest, and utilities in the eight week period after funding.
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So we re gonna break down all of those different elements, but specifically wanted to focus on right now first, that big up to $10 million quote free payroll loan.
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So how it works is this.
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So you have two components, a maximum loan amount, and then you have a forgiveness period and a forgiveness amount calculation.
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So how they calculate your maximum loan potential is they take your previous 12 months payroll, benefits, and state and local payroll taxes.
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Benefits count health insurance plus any employer portion of retirement contributions paid.
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They take that total amount and divide it into a monthly average.
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then they multiply that monthly average by 2.5.
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So let s say your total payroll costs were $1.2 million, that makes it an average monthly payroll of $100,000 a month, multiply that by 2.5, you can get a $250,000 loan through this program, the Payroll Protection Planner, PPP for short.
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And then once they disperse that loan, whatever you pay on payroll,
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your rent or your mortgage interest, and then your utilities in that eight weeks after disbursement is totally forgiven.
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Like actually forgiven, you don t have to pay it back.
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The debt forgiveness isn t taxable, which normally if debt is canceled, then you have to pay tax in that amount.
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That s not the case here.
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It s just forgiven free payroll, rent and utilities.
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But there is a major factor in forgiveness.
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And that factor is based on the percentage of headcount that you retain
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compared to the prior period.
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So the goal here is they want to keep people employed.
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So kind of that hopefully where life is back to, you know, economy we ll see, but at least day-to-day life is back to normal by three months from now.
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They re wanting to encourage and reward people
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for keeping, or employers for keeping their employees on the staff.
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And that s the goal here.
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So what they do is they take your average full-time equivalent, so your full-time headcount, during the period from February 15th to June 30th, and then divide that by what your headcount was in either the first two months of the year, or the same period last year, February 15th of 2019,
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to June 30th of 2019.
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And they let you take the more favorable number.
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And then whatever that percentage is, is the amount of those qualifying expenses that you get to deduct.
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So if your qualifying expenses is a million dollars, let s say, and your headcount in the current period is 80 team members, and the prior period was 100 team members, that s 80%.
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So 80% of that million dollars that you shell out is what is totally is forgiven.
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If it ends up that you kept all 100 employees, then all of that would be forgiven.
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But if your headcount drops more than 25%, then you lose all forgiveness.
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So in that case, in that example, if you went from 100 team members down to 60, even though you paid a million dollars out during that eight week period, the full loan would still have to be paid back.
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So it s really essential that you run those headcount calculations and you keep enough people to make sure that your loan is gonna be in that forgivable range.
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And then they recently just had some new guidance as this is changing all the time.
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So now the lenders are actively working on these loans.
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They finally said the business owner must come up with these loan calculations themselves, which most business owners aren t trained in navigating Excel spreadsheets and full-time equivalent calculations, at least not a lot of the ones that I ve met with and worked with throughout my career.
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But it s still essential that you run these calculations correctly.
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Otherwise, you might not get the maximum loan amount that you re eligible for because you did the payroll calculations and ran the payroll reports wrong, or even
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more important, let s say you planned on having all that forgiven, and you didn t plan out your expense timing correctly, or you laid off too many people during the forgiveness period.
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And then all of a sudden, you re stuck paying it back.
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And then you went into massive debt to keep your team on.
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Either of those scenarios are not good scenarios.
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So a couple other key planning items is that generally speaking, so we ve run these numbers across many of our clients that have come to us and said, hey, I m looking at laying, needing to lay these people off.
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We re not open, we can t operate, I need to lay some team members off.
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And then they ve given us different rounds of scenarios or what would happen if we kept everyone but got this loan?
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So across pretty much every scenario we saw, the numbers worked in favor of keeping your entire team when compared to laying off everyone right now and not taking the loan.
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And if you re looking at getting the loan and laying off 20% of your team, the numbers still worked in favor of keeping your entire team from a strictly financial standpoint.
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Now, if there s people that you re looking for an opportunity to let go of, anyways, that s a culture decision, not a numbers decision.
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But in general, the numbers work out in favor of keeping your entire team.
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And then another common question that has come up is, if I have $50,000 of payroll and my lease is $100,000, can I get this loan?
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And now I ve got free rent for a couple months.
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They came out and said, no, you can t do that.
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Everyone s going to be applying for these loans.
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So we want to make sure the goal of this is to keep
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Keep people across the country employed.
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So at least 75% of your total expenses within this forgiveness period must be paid on payroll, used for payroll expenses, not rent or utilities.
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So that s a key factor in there when you re planning out your calculations on the forgiveness period of the loan.
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So additionally, the loan forgiveness period applies for the eight weeks during the covered period.
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Now that covered period ends June 30th, which means if you get your loan dispersed after May 5th, it s possible that you won t enjoy that full eight weeks.
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You ll only have six weeks worth of payroll or four weeks or five weeks, depending on when that loan is funded.
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So it s important when you re doing your planning that
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that you get it in as early as possible.
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Now, I have a feeling, because there s some talks, and I ll show you on the next slide, that there s more stimulus coming.
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So my hunch is that they re going to extend this covered period so that it s a full eight weeks, no matter when you get the loans first.
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But that s what it is right now.
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So everybody listening understands at the most simple level, the government s done something actually intelligent here, which is if everybody who owns a business and your biggest expenses for most people are obviously those you employ and your physical facilities, if everybody there who s trying to survive has to let go of their people, then unemployment, which is already taking a gigantic hit, but take an even greater one,
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And then people are not productive.
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And so rather than doing that, they re trying to incentivize you and I and all business owners to say, what can we do?
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Well, let s provide them a 90-day period for them to get through this time, basically, where we re going to give them eight weeks, two months of coverage of the incomes for the majority of their people under $100,000.
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And we re going to then have them have to carry a month.
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So think of it as they re going to pay for two months of your fundamental overhead of people and of, you know, the 25% towards facilities and utilities.
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And then you re going to carry a month and that ll get you through to about July 1 if they don t add more to it.
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Now there s discussion today in Congress about increasing those numbers.
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We ll see where they show up.
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And if you re already in the system,
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it s going to be easier to tap into it.
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So it allows you to say, okay, instead of letting my people go, let s see where the world is in three months.
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And let me see if I can keep them all because right now I can.
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So they re trying to give you significant incentives to do that.
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And I hope the majority of you will tap into this.
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The secret, though, is you want to get to the front of the line as quick as you can to get this done and get the right numbers done.
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And you can do that on your own or you can come back to Tyler.
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But Tyler s got some additional benefits to show you.
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But I just wanna give you the big picture.
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Think of a 90 day plan to get to some sunlight and where you don t have to be bleeding the entire time.
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And that s what the government s doing.
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And we ve already, we work with Tyler in this case, and we got approved yesterday to give you an idea.
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So we ve been able to do it rapidly.
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Now all banks are equal in this area.
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Some banks are saying we re taking applications, but we re deciding, especially some of the big banks.
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So you want to get some advice on banks that are working.
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So City National, I know, for example, has been moving rapidly.
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That s what we went with.
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But you ll have to do your homework.
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Or if you work with Tyler, he can tell you some of the banks that he s working with as well.
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Please continue, Tyler.
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I just want to give him the big picture.
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Yeah, I appreciate you doing that.
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Definitely.
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Hopping in.
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And on the bank, I would first go to the bank you have a relationship with.
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If you have a lending relationship with a bank already, that s the place you want to start because
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The banks right now, from everyone I ve talked to who s really focused on in the lending space on this, the banks aren t figured out how they re going to make money on this.
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They re worried that they re not going to get reimbursed from the SBA.
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So they re really focusing on their current clients first, and especially the bigger banks.
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And then the other piece is a lot of community banks are doing their best to use this as a way to grab market share.
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So the community banks are more open to taking in new clients to focus on this.
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So I would start with, if you have a pre-existing lender that you re working with, talk to them, and then community banks.
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And then I ve got a few relationships as well that are working on putting these to the top of the pile.
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As is highlighted by the things that Tony mentioned and these banking relationships, it s essential to move fast because every business out there under the sun is wanting to apply for these right now.
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And so it s crushing the lending system.
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It s just an overwhelming influx.
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I just want to also clarify one thing, because I ve seen a few people.
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I m reading some of the chat going on as well.
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And some of the people are saying, well, how long is the forgiveness?
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Let me be clear.
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The government s trying to get you to keep people for 90 days.
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If you keep them through June 31st, and then you have to let them go, you will still have forgiveness for the money that you borrowed that relates to that time period.
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So it s not that you have to keep them for the full year.
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The government knows you re going to need more money to keep those people.
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They re probably going to provide more.
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We don t know for sure, but they re talking about it as we speak.
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But what it allows you to do is see, what s the world like?
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How s my business responding?
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How are my clients responding?
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As we go back to work and things start to begin to normalize, that s what they re trying to get you to.
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So at the end, if you re going to cut people and they re the wrong people, you probably want to let them go.
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But if there are people that are good but not great, or people that are good, you don t want to let them go, but the economics require it, this is kind of giving you a bridge to July 1st.
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And again, there may be an additional bridge.
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Who knows?
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But if you have to do something afterwards, you will still get forgiveness for the entire loan as long as you do it within the formula that Tyler is showing you.
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Okay?
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Got it?
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Yeah, exactly.
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Yeah, they re looking for the window, the forgiveness window up to June 30th is what your headcount is based off of.
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So you have the PPP loan, which is the up to $10 million loan, and that s strictly calculated based on your actual payroll costs.
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And then the other loan program, the massive loan program that s out there is the disaster loans, the EIDL loans, Economic Injury Disaster Loan.
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So these are up to $2 million of a loan, and you can use those funds for all business operations except growth.
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So you can t take out a $400,000 loan and go spend it on Facebook ads, for example.
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or any other sort of marketing or growth options.
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And you do have to pay this loan back.
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There s no forgiveness on these SBA disaster loans.
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But for a working capital loan through the SBA, it s pretty cheap money.
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So it s at 3.75%, and it s paid back over up to 30 years.
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And they ll actually roll in existing SBA loans that you ve had before March 31st and pay the principal interest and fees on all of that for the next six months.
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So there s a deferral of up to six and as much as 18 months, depending on how all of this shakes out for these SBA disaster loans.
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Now with these, you do have to submit evidence of damage with your company
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from COVID-19.
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So when you re putting the package together, this is why it s important.
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They say it s DIY, you know, do it yourself, but so many people are going to do it themselves and not actually qualify because it really, it is a loan.
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They re looking at your debt and your debt ratios on your personal side and your business.
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So you, and then also how have you been impacted by COVID-19?
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So you re going to have to put together
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a letter explaining how you ve been damaged by this entire pandemic.
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Tyler, can you compare that to the $10 million loan?
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Because some people I m reading are wondering what their credit s like, how much of the government is guaranteeing on that.
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Can you just clarify that?
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Isn t it a 1% loan on the 10 million?
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Yeah.
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Yeah.
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So it s 1%.
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It s paid back up to two years.
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Um, and it was a half a percent and then they bumped it up to 1%.
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And, uh, it s paid back over two years.
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They re, they re relaxing the credit requirements.
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That s what I wanted you to get across to people.
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Yeah.
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So normally for an SBA loan, you have to have a 680 credit score is what my main lender contact has told me.
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They ve, they ve lowered that significantly.
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I don t know the exact credit score, but I would, but I know it s, it s much lower maybe in the high fives to low sixes.
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Um, and then you don t have, it s not a collateralized loan, so you don t have to put up any sort of collateral and assets against that, that payroll loan.
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The government is the one that s guaranteeing it, guys, so you understand.
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So it s not like a typical loan.
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For some of you that may have been struggling, you could still potentially qualify for this.
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You should really get your application in and see where it is because it s not going to be based on you giving assets and it s going to be a lot less lower based on your credit than it has in the past since the government s guaranteeing it.
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I just want people to know that.
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And it s 1%.
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Besides the forgiveness, if you handle it properly, it s 1% that s what you re being charged.
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It s, you know, inflation is more than that, obviously.
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So it s the equivalent of free money, because the government wants you to keep these people employed during this time.
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And also, again, if you get in the system, your chances if they didn t make some addition to the system, you re already in it.
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That s why I want to push all of you do this rapidly.
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It s why we slam this together as quickly as we could to make sure you were all exposed to it.
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Please continue to.
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Yeah, absolutely.
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Uh, and, and, uh, so, so that s the SBA disaster loan and they re, they re lowering the, even though this is a working capital loan, the disaster loans also have lowered, lowered, lowered credit requirements and collateral requirements too.
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So they re just, the big goal is to get business owners capital to, so that they can continue to keep the lights on and keep their, their people employed.
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So those are the loans.
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Now there s, it s a $2.2 trillion bill.
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We showed the difference in days on million billion versus trillion earlier.
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And so there s a lot more than just loans that s being covered with this.
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So some of the other elements, one of the pieces is a new sick leave requirement.
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So if someone is sick with COVID-19, now this isn t just you have a sniffle, but you are sick with COVID-19,
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or you re caring for a relative who is, or you re a parent whose kids are out of school and you have no other childcare options, the employer must pay them for up to 80 hours of leave.
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Now those requirements are different if it s self-care, so you re leaving because you re sick, or you re leaving to take care of a family member.
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So if you re leaving for self-care because you have COVID-19 yourself,
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then the employer must provide full wage replacement up to $511 per day.
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Now that s, so that s 80 hours is basically two weeks or 10 days of pay.
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So it s a max of 500.
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$5,110.
2
SPEAKER_01
Now that doesn t mean everyone who gets sick with COVID-19 and goes home automatically gets $511.
2
SPEAKER_01
It s just whatever their current wage is.
2
SPEAKER_01
So I just want to make that clear.
2
SPEAKER_01
As business owners, if your team members are thinking suddenly they get a free vacation because they re saying they re sick with COVID-19, it doesn t mean they re automatically going to get all this free money.
2
SPEAKER_01
And if you re leaving to care for a family member or their child s school is closed, then the employer must provide two thirds of their wage replacement up to $200 a day.
2
SPEAKER_01
So that s a big difference between the between if you re sick yourself versus having to leave to care for someone else.
2
SPEAKER_01
The other thing is that you will get reimbursed.
2
SPEAKER_01
in the form of a payroll tax credit for 100% of this sick leave.
2
SPEAKER_01
Where the big issue is, is the cash flow on that, because you have to pay your team members now.
2
SPEAKER_01
And so the federal government is working to get rapid payroll tax credits to people so that they don t have business interruptions on the cash outlay of people leaving because they re sick.
2
SPEAKER_01
And then if you have less than 50 employees, and you can prove that it s going to jeopardize you staying in business,
2
SPEAKER_01
if you pay your employees who are out sick with COVID, then you re exempt from this.
2
SPEAKER_01
So this is really for the larger employers that have people who are leaving on sick leave.
2
SPEAKER_00
And I just want to reinforce, for those of you who have 50 or more people, there are some individuals that have heard things online or read things, heard things on the news, and think they can get $511 a day not working by saying they re sick.
2
SPEAKER_00
It has to be COVID-19, and it s a percentage of your income with a maximum of $511 a day.
2
SPEAKER_00
for that period of time.
2
SPEAKER_00
If you re taking care of someone else, it s $200 a day.
2
SPEAKER_00
And if you are an employer like that, you will be reimbursed.
2
SPEAKER_00
So the money will come back to you.
2
SPEAKER_00
But some people are under a false assumption about how this works.
2
SPEAKER_00
It s not how it works.
2
SPEAKER_00
So you ll want to make sure your HR department or somebody you re working with gets the data to them so that your employees are clear what s true, because otherwise they re going to be disappointed or frustrated or mad because they re misinformed.
2
SPEAKER_01
Yeah, exactly.
2
SPEAKER_01
And then speaking of payroll taxes,
2
SPEAKER_01
you can defer up to 100% of your payroll taxes until late 2021 or early 2022, which is a significant amount of time that you can defer the employer portion and all of your payroll taxes.
2
SPEAKER_01
And that actually encounters the employee portion too.
2
SPEAKER_01
And so that can, payroll taxes typically are somewhere between 15 and 18% of your wages.
2
SPEAKER_01
So if you can
2
SPEAKER_01
Defer that if you re in a cash crunch.
2
SPEAKER_01
Now, if you don t need the cash crunch, I would maybe really consider whether you want to defer those or not, because essentially that s just building up debt to the federal government.
2
SPEAKER_01
But that is a way to help you in a cash crunch.
2
SPEAKER_01
And then they have another refundable payroll tax credit of 50% of the payroll taxes on up to $10,000 of wages per employee.
2
SPEAKER_01
That s a lot of random numbers kind of thrown out.
2
SPEAKER_01
What the math works out to is you get up to $155 per employee as a payroll tax credit, which isn t a huge amount, but it s better than nothing.
2
SPEAKER_01
And with that, to qualify for that refundable payroll tax credit, number one, you must show that you ve had at least a 50% reduction in sales compared to the prior year in the same period.
2
SPEAKER_01
And then if you take out the payroll forgiveness loan, the PPP loan, you re not eligible for this refundable payroll tax credit.
2
SPEAKER_01
So that s a decision to weigh when you re looking at those two options as well.
2
SPEAKER_01
You can also
2
SPEAKER_01
And I hesitated to even mention this almost, but you can withdraw up to $100,000 penalty free from your retirement.
2
SPEAKER_01
This is one you want to be very careful with, especially if you go and read Unshakeable, because you don t want to steal from your financial future.
2
SPEAKER_01
And that $100,000 is penalty free, but it s not tax free.
2
SPEAKER_01
So if you re in a 25% federal and let s say a 6% state bracket, you re still going to pay 31% on that money when you pull it out.
2
SPEAKER_01
You re just not going to pay 41% on that money.
2
SPEAKER_01
And so I would encourage using this as a very last ditch option if you really, really can t meet ends meet.
2
SPEAKER_01
But that s just something that is an element of the bill.
2
SPEAKER_01
And then they have a $10,000 emergency advance.
2
SPEAKER_01
And that at first when they rolled it out was it was part of the disaster loan application.
2
SPEAKER_01
And it s based on a function of your gross profit, a percentage of your gross profit.
2
SPEAKER_01
And they were going to get money fast to business owners.
2
SPEAKER_01
And then if it ends up that you qualified for the loan, it was going to get wrapped up into the loan.
2
SPEAKER_01
And then if you didn t qualify for the loan, it was going to be considered a grant.
2
SPEAKER_01
They just released new guidance.
2
SPEAKER_01
that it s all grant money.
2
SPEAKER_01
So I haven t heard of any of our clients actually getting any of those dollars yet, but they re processing those as fast as they can.
2
SPEAKER_01
Because when everyone heard $10,000 of free money, it was marketed very well.
2
SPEAKER_01
And so everyone
2
SPEAKER_01
crush the SBA website and every business in America plugged in for their free $10,000.
2
SPEAKER_01
So it s not going to be everyone gets $10,000, it s up to $10,000 based on a sliding scale on your gross sales and cost of goods sold.
2
SPEAKER_01
And they earmarked, I believe it was a billion dollars for this.
2
SPEAKER_01
So with everyone crushing that, these are mostly sold out at this point as far as getting in line for getting your emergency advance.
2
SPEAKER_00
But again, because it s sold out, I think you ll see potentially at least an expansion of this program.
2
SPEAKER_00
So you want to have your numbers ready so you can apply and get to the front of the line as quickly as possible.
2
SPEAKER_01
Yeah, having your numbers ready is essential.
2
SPEAKER_01
And speaking of numbers ready, Gav, I would go back and look at your last couple of years of tax returns because this next provision is a massive one if you re someone who s had either an early stage business where you ve
2
SPEAKER_01
sunk a large amount of investments back into it, or had a couple of trying years where you had some losses.
2
SPEAKER_01
So a net operating loss is when you have a business that has a loss, and then if it flows to your personal return, it s also deducted against any other income, and then you still have a negative taxable income.
3
SPEAKER_01
And it used to be until they had this massive tax reform in 2018, any net operating loss that you had, you could then go back up to three years, amend those prior year returns.
3
SPEAKER_01
And if you had any tax in those years, it could be a deduction against that tax and you d get cash now from prior years taxes.
3
SPEAKER_01
They eliminated that provision in 2018 and you could only go forward with those losses.
3
SPEAKER_01
Well, they temporarily brought those back as part of the cares act.
3
SPEAKER_01
And that s through the end of the year, you can actually go back up to five years on any losses that you ve had in 2018, 2019, or what you re going to have potentially in 2020.
3
SPEAKER_01
And so you have to amend your tax returns to do this, but you can go back up to five years.
3
SPEAKER_01
And so if you have had, if you had a loss in 2018 or 2019,
3
SPEAKER_01
So if it s 2018, you hopefully should have already filed your return.
3
SPEAKER_01
You can take that tax return and then amend it and apply it back to up to five years.
3
SPEAKER_01
And then in 2019, if you haven t filed yet, get filed ASAP so you can show that net operating loss and then carry it back and amend your returns to get cash right now.
3
SPEAKER_01
That s a great, great program for any business owners who are showing those losses.
3
SPEAKER_01
But as we ve hammered home a few times, you need to act fast.
3
SPEAKER_01
So they earmarked $500 billion through this out of the 2.2 trillion for businesses.
3
SPEAKER_01
And that sounds like a lot, but there s 32 million businesses in America.
3
SPEAKER_01
And every one of them, well, not everyone, but a lot, most of them, as you saw, two thirds really, really need help right now.
3
SPEAKER_01
And so everyone, and even the ones that maybe don t need help are still applying just to see if they can get some free or cheap working capital.
3
SPEAKER_01
So you want to make sure that you ve got your accounting records lined up and you have all required documents, which is your tax returns.
3
SPEAKER_01
your financials, so your monthly sales reports that are going to want to see from the previous 12 periods, and then your monthly payroll reports by employee as well.
3
SPEAKER_01
And then you ve got to calculate your full-time equivalents.
3
SPEAKER_01
And so it s essential that you get your accounting records and everything lined up.
3
SPEAKER_01
So how we ve been helping our clients in this process over these last couple weeks is through number one, consulting with them on the business impact of how these forgivable loans are going to affect them on taking them versus not, laying people off versus not, and how that s going to impact them.
3
SPEAKER_01
Also helping them learn how to pivot and do those Skunk Works tests and see how they can create new business models in this new world that we re going to be living in.
3
SPEAKER_01
hopefully we ll return back to normal, but just in case, and at least in this immediate period of time.
3
SPEAKER_01
And then analyzing all potential payroll tax credits and other planning opportunities to make sure that they re maximizing their tax savings through this $2.2 trillion bill.
3
SPEAKER_01
And then lastly, you ve got to manage your cash flow once this abundance of funds hits, because a lot of businesses are making ends meet
3
SPEAKER_01
weekly, you know, weeks at a time.
3
SPEAKER_01
They re not used to having three, four, six months of cash in the bank and expenses.
3
SPEAKER_01
And with these disaster loans, now the payroll loan is different because it s just a couple months of expenses, but based on your debt to income ratio, you could suddenly have a year s worth of expenses in the bank and you don t want to spend it all in one place.
3
SPEAKER_01
And so you want to make sure that you have the systems in place to manage your cashflow
3
SPEAKER_01
so that you don t end up taking a loan to save your business.
3
SPEAKER_01
And then at the end of the three months or the next four or five months, you end up in a worse place than you were before you took any of this relief.
3
SPEAKER_01
So those are the main areas we ve been helping our clients.
3
SPEAKER_01
But of course, our purpose and our mission is to help as many business owners through this process as possible.
3
SPEAKER_01
But with the incredibly high demand across the country, not only us, but accountants everywhere aren t able to keep up with this on a one-to-one capacity.
3
SPEAKER_01
And so when we were kind of discussing back and forth with Tony about how we can help the most people in the most businesses so that they can save their team members jobs, we came up with an alternative.
3
SPEAKER_01
And that alternative is this, the Business Owner Stimulus Kit.
3
SPEAKER_01
So it s a 90-day teaching, training, coaching program.
3
SPEAKER_01
along with a series of tools and calculators that s going to help you not only maximize the stimulus program, but also put the financial tools in place to make your business position to thrive at the end of this 90-day period as we return back to normal when no other businesses are doing this.
3
SPEAKER_01
So what we re putting into this kit and this program is the tools, templates, and resources that you can use to,
3
SPEAKER_01
Get your business lean, create a budget, figure out how to pivot, develop new sources of revenue, and generate short-term cash now while you re waiting on that relief.
3
SPEAKER_01
And then use our payroll tax credit maximizer tool to help you calculate whether you should use the payroll tax credits or go after the loans.
3
SPEAKER_01
And then we have the calculators in place.
3
SPEAKER_01
Remember I mentioned earlier the banks are putting the onus on the business owner to calculate what they think they should be eligible for in these payroll loans.
3
SPEAKER_01
We ve created templates and calculators that you ll be able to use so that you can navigate this process yourself.
3
SPEAKER_01
And then a financial forecasting roadmap so that now that, okay, we ve got the funds, what are we gonna do into the future so that our business, and this is something you should be doing anyways, winter or not, having a financial plan and a forecast to know where you re going is essential to running a healthy business.
3
SPEAKER_01
And then we ve put together some industry-specific cash flow models so that we can unleash you, yourselves, on knowing and teaching yourself and walk through the process of knowing where your cash is going to go over these next three to 12 months.
3
SPEAKER_01
And of course, we re going to be in the group, in the Facebook group live doing these weekly live trainings to walk you through how to use all these tools and equip you with the process.
3
SPEAKER_01
And I have an entire team of experts that have been literally studying this around the clock to figure out what the latest is on it.
3
SPEAKER_01
And we ll be in the group updating you on a regular ongoing basis.
3
SPEAKER_01
And then a Facebook group, we re going to bring in,
3
SPEAKER_01
experts, but also you ll have a community of like-minded business owners going through winter together and sharing what s worked for them, how they ve pivoted and created new revenue models, how they ve had success in getting access to this relief.
3
SPEAKER_01
And so if we were to help
3
SPEAKER_01
help a business owner one-on-one with each of these items.
3
SPEAKER_01
It would cost over $21,000 to do that.
3
SPEAKER_01
But number one, we don t have the capacity to do that because every business owner out there needs help with this right now.
3
SPEAKER_01
And number two, a lot of businesses are struggling to come up with the cash.
3
SPEAKER_01
So we wanted to come up with a way that we could help as many businesses as possible.
3
SPEAKER_01
And that s what this is.
3
SPEAKER_01
And so we re doing that for $497 a month for three months.
3
SPEAKER_01
And so if this is something you re interested and want help with and would love to have me guide you along this entire process over the next 90 days, love it if you go to stimuluskit.com and get your toolkit, get access to the group, and then I ll be in there along with my team helping guide you all along the way.
3
SPEAKER_00
And guys, I want to bring up for you is the purpose of this session was a help you hopefully not get fearful by at least getting some more data, you can keep your same point of view or not asking you to change in your behavior.
3
SPEAKER_00
Just get out of the fear help others do it to think about the fact this opportunity that s right now economically, if you keep your head clear
3
SPEAKER_00
there s great investment opportunities and give you the book so you can tap on your own time of that.
3
SPEAKER_00
And three, to remind you the kinds of things you ve got to look at to your business and give you what the lay of the land is here.
3
SPEAKER_00
And then I ve gone, as I said earlier, I went to three different legal firms, could not get the results they wanted.
3
SPEAKER_00
And the cost there for me was between 10 and $20,000.
3
SPEAKER_00
And I talked to Tyler, he helped a bunch of our clients already, but he s run out of capacity.
3
SPEAKER_00
I said, there s gotta be a way where you could coach people in a small intimate group
3
SPEAKER_00
but still give them the attention they need to get their individual questions answered and go forward.
3
SPEAKER_00
And so he s offered to do this for three months at 495.
3
SPEAKER_00
So it s a ridiculous price.
3
SPEAKER_00
He did it for me.
3
SPEAKER_00
I m taking no profit from this, obviously whatsoever.
3
SPEAKER_00
I m making this totally his piece.
3
SPEAKER_00
It s really designed for him to be at so much value to you and getting you these loans and helping you get through and design the cashflow and so forth.
3
SPEAKER_00
But hopefully he s done enough for you that you ll decide to become his client longterm.
3
SPEAKER_00
That ll be the real benefit he ll get.
3
SPEAKER_00
But we just want to make sure you re educated, you have the answers.
3
SPEAKER_00
And so let s take real quick a few questions and answers.
3
SPEAKER_00
But before we do, just for 60 seconds, let me remind you what I said.
3
SPEAKER_00
I talked about, you know, Humpty Dumpty and I are put together the same way.
3
SPEAKER_00
You got to know your numbers, call it tight.
3
SPEAKER_00
You got to be brainstorming and creating some skunk works.
3
SPEAKER_00
So here s just three examples or four real fast.
3
SPEAKER_00
I just noticed on this quarantine case, Kevin, this is a bakery up in San Francisco.
3
SPEAKER_00
You can imagine people are freaked out.
3
SPEAKER_00
California is one of the first states to do a shutdown.
3
SPEAKER_00
Their business is going to go under.
3
SPEAKER_00
And they said, you know what?
3
SPEAKER_00
People are going to still want to be delighted.
3
SPEAKER_00
They want a cake.
3
SPEAKER_00
So they create these cakes.
3
SPEAKER_00
They re smaller, like for two to four people.
3
SPEAKER_00
And they have on the cover, wash your hands.
3
SPEAKER_00
Don t touch your face.
3
SPEAKER_00
All these little quotes.
3
SPEAKER_00
And their business is going crazy.
3
SPEAKER_00
They re doing more business today than before the issue.
3
SPEAKER_00
Because they adapted.
3
SPEAKER_00
They started to think where people s heads are.
4
SPEAKER_03
Let s deliver directly to them.
4
SPEAKER_03
They re not going to come to us.
4
SPEAKER_03
Let s go to another one.
4
SPEAKER_03
Pizza delivery, my goodness.
4
SPEAKER_03
Pizza delivery is exploding because everyone s at home.
4
SPEAKER_03
They re wanting the food and they re wanting to make sure they get it quickly with a guarantee.
4
SPEAKER_03
So Papa John s is showing that they re adding 20,000 people.
4
SPEAKER_03
The revenues are growing 3% globally.
4
SPEAKER_03
2.3% in three months for them, just entering 29.
4
SPEAKER_03
Pizza Hut is adding 30,000 positions.
4
SPEAKER_03
There s a thousand new workers looking for people in the Chicago area stores and so forth for Domino s.
4
SPEAKER_03
So there are people that are doing well, but they re adapting.
4
SPEAKER_03
In this case, not adapting, they re just needing more people.
4
SPEAKER_03
Let s go to the next one.
4
SPEAKER_03
CVS, which many of you know, is hiring 50,000 full-time and part-time people right away.
4
SPEAKER_03
That s how much they need right now.
4
SPEAKER_03
And what they re doing, again, they diversified.
4
SPEAKER_03
They said people are not all going to run back.
4
SPEAKER_03
They need their prescriptions.
4
SPEAKER_03
So now they re doing their own.
4
SPEAKER_03
They hire their own people, not an outside source, and providing two-day service locally to the people that normally get from their pharmacy.
4
SPEAKER_03
And they re watching a huge jump in who they re hiring and what they re growing.
4
SPEAKER_03
Instacart is looking to hire 300,000 people.
4
SPEAKER_03
So I want you to know there are businesses that are doing well.
4
SPEAKER_03
I think we had one more.
4
SPEAKER_03
Is this steak?
4
SPEAKER_03
Yeah.
4
SPEAKER_03
This Dallas butcher.
4
SPEAKER_03
I was real impressed by this man.
4
SPEAKER_03
Here s a normal butcher.
4
SPEAKER_03
He just sells meats.
4
SPEAKER_03
No one s supposed to go inside his facility.
4
SPEAKER_03
His, you know, March sales are projected to be at 50% more than normal.
4
SPEAKER_03
He took his 1,400-square-foot shop where people were allowed to come in.
4
SPEAKER_03
He set up his parking lot.
4
SPEAKER_03
And he not only decided to deliver food, people, they drive up and they take out for the food, but now he hired a chef.
4
SPEAKER_03
So you can have cold steak right to go cook at home or the meals there and to prepare these side dishes that people need.
4
SPEAKER_03
Now he s taking on 1500 more square feet is doubling the size of this business in the middle of the coronavirus and position well to meet customers needs going forward.
4
SPEAKER_03
So I just want you to think about
4
SPEAKER_03
This is really about getting creative.
4
SPEAKER_03
It s really about anticipating how to meet people s needs in a new way.
4
SPEAKER_03
If you re not filled with fear, you can start focusing on solutions.
4
SPEAKER_03
Let s do a couple of other Q&A about anything we ve talked about, but especially about the loans or anything related to it.
4
SPEAKER_03
Let s have my moderator take over and tell us who we ve got up there.
4
SPEAKER_01
Hey guys, Milo and Michelle here, Fort Myers, Florida.
4
SPEAKER_01
Good to see you guys.
4
SPEAKER_01
What s your question?
4
SPEAKER_01
Good to see you.
4
SPEAKER_01
Good to see you too.
4
SPEAKER_01
Well, one of our questions is, Tyler did a fantastic job of explaining a lot of the stuff, so you pretty much answered it, but I know that it s not on the net payroll, it s what we pay, not what the employee makes.
4
SPEAKER_01
But what I want to know is, is it also inclusive as that annual bonus?
4
SPEAKER_01
Or if I do quarterly bonuses, so I calculate all potential pay for the rest of this year, divide that by 12 and then multiply that times two and a half.
4
SPEAKER_01
Is that right?
4
SPEAKER_05
Yeah.
4
SPEAKER_05
So they would include bonuses in your previous 12 months in the maximum loan amount calculation.
4
SPEAKER_05
And then whatever you pay in the eight-week period,
4
SPEAKER_05
is what s forgiven.
4
SPEAKER_05
Now they do cap it at $100,000 of wages annualized per employee.
4
SPEAKER_05
So if you take eight weeks divided by 52, the cap is $15,384 is what you can pay each employee in payroll costs during that period.
4
SPEAKER_05
So when you re factoring your bonus during the forgiveness period, as long as it doesn t go above that threshold, then you re okay.
4
SPEAKER_05
But the other piece that you want to look at during that threshold is retirement payments.
4
SPEAKER_05
So retirement contributions made paid by the employer count as payroll costs.
4
SPEAKER_05
And so you can actually make you, if you normally pay 3% match during the year and you do that in December at the end of the year, maybe you can do a forecast and what you think you re going to pay on that.
4
SPEAKER_05
And then you can match that during the eight week period and get that portion forgiven instead of waiting till December.
4
SPEAKER_05
And so that s one way that you can maximize that forgiveness period.
4
SPEAKER_03
I think bonuses, retirement, any of those things, you want to pay during that eight-week period, and then you re going to be benefiting your client, meaning your internal employee, but you ll also be able to be reimbursed, right, because it ll be part of the forgiveness.
4
SPEAKER_03
So that s the perfect time to load that up, and it s appropriate and legal and playing by the rules to do it.
4
SPEAKER_01
Yeah, excellent, excellent.
4
SPEAKER_03
Thank you for your question, great question.
4
SPEAKER_03
Let s go for another one.
4
SPEAKER_01
One more we have and that is on the paperwork, it only allows you, at least where we went to our bank, allows you to add up the payroll, but when do you show all your other overhead, all the other contributions?
4
SPEAKER_05
Oh yeah, good question.
4
SPEAKER_05
So the two components are the max loan amount and then the forgiveness period.
4
SPEAKER_05
So they don t use the rent and utilities and other components in the maximum loan amount.
4
SPEAKER_05
It s only a factor of the payroll.
4
SPEAKER_05
That s why they do it to a 2.5 month factor.
4
SPEAKER_05
And then the forgiveness is within eight weeks.
4
SPEAKER_05
So you get a little bit of buffer there.
4
SPEAKER_05
So where the rent and utilities comes into play is in that forgiveness calculation.
4
SPEAKER_05
Now, every bank requests different information.
4
SPEAKER_05
Some banks want all that up front.
4
SPEAKER_05
They want your rent and utilities while you re providing it.
4
SPEAKER_05
Others, sounds like they re just wanting the payroll so they can figure out what the loan is, let s disperse the loan, and then figure out the forgiveness period on the back end.
4
SPEAKER_05
And so that s where probably the difference is.
4
SPEAKER_05
Your bank is just asking for the maximum loan amount would be my guess.
4
SPEAKER_00
Exactly.
4
SPEAKER_00
Thank you, Tyler.
4
SPEAKER_05
Thank you.
4
SPEAKER_02
Next question.
4
SPEAKER_02
Great.
4
SPEAKER_02
Hey, Tony.
4
SPEAKER_02
Hey, Tyler.
4
SPEAKER_02
Thank you very much for that great information.
4
SPEAKER_02
My question to you is, does my business need to have dropped significantly in order to take the PPP program?
4
SPEAKER_05
That is an excellent question.
4
SPEAKER_05
And so the disaster loan, yes, you need to show damages.
4
SPEAKER_05
What they re asking for the criteria on the payroll protection loan is you need to certify that due to current economic uncertainty,
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you need this loan in order to continue operations.
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Well, that s a very vague, broad term, and everyone s uncertain and has no clue what s gonna happen over the next six to nine months.
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So to me, I feel comfortable, even though business might be doing good right now in your business, depending on if you re making quarantine cakes, but who knows when that s gonna drop off and suddenly no one has any spending money.
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So I feel comfortable certifying that due to current economic uncertainty,
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I need that money to make sure that I continue to pay my people.
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Otherwise, I m going to make a lot leaner hiring decisions and retention decisions than if I didn t have that payroll.
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So that s how I would approach that.
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Well, the answer to the question, so to be crystal clear is no, you don t have to experience that.
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If you re concerned, that s all that matters.
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If you have a reason for concern, you don t have to explain the reason for concern.
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We all have it.
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You don t have to worry about it.
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That s not part of the criteria for qualifying for the loan.
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They re willing to keep, they re wanting to get all of us employers to keep people out of unemployment, ideally for another 90 days while hopefully the economy goes back to work and hopefully people start to operate in a normal way so we can limit the number of people in unemployment.
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That s the whole basis of this.
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So they re pushing to get the money out.
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Now, working with the right bank to speed it up, getting your application in immediately are the critical components here.
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So you guys can do it on your own or somebody like Tyler can help you.
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Thank you.
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Yeah, thank you.
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How are you?
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Good to see you Jeffrey.
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You too, you too, you guys.
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Hey, thanks for all this information.
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Tony, thank you for setting us up for this winter and being in a position to help and to do other things for our employees and those around us.
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So thank you so much for that.
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You re welcome.
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Um, quick question.
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Now I ve, I ve, uh, and I think you kind of answered a little bit of this Tyler.
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Um, you know, I went to my kind of regional, uh, bank and they were very efficient, very quick, but what are the other banks that people could go to that are, that you re finding an efficiency in terms of getting it through the process?
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Yeah.
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So, so yeah, good move going to the Ben, the bank that you had a relationship with.
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if you re, but I ve had clients I ve been on the phone with in the last couple of days that say, Hey, my bank s not doing it.
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What, uh, where do, where do I go?
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So I would say, look for someone who easy is either an SBA express lender, cause they re kind of being able to have a little bit more leeway to put things through faster, uh, or go to your community, try your community bank because, uh, they re there.
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Number one, they have a lot fewer to process.
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I saw one,
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One major bank I think was Wells Fargo already had, they had 10 billion allocated for this, and they were at 97% of that in applications already just in the first week of it.
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So these community banks have a little more flexibility just because they don t have as broad of a business client base.
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And so look for an SBA Express lender who can help you with it, or a community bank is what I would say with that.
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Thank you so much for it all.
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Thank you.
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Let s do a few questions just off the Q&A side, just to speed it up.
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Let s take three or four of them.
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Here, can I have my moderator, Poppy, and offer a few to us?
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Hey, Tony and Tyler.
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How are you guys?
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This question comes from Justin Benton and many others.
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The question is, are 1099 employee payments included in payroll costs?
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That has been a back and forth, back and forth on was the law written for it?
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Is it not?
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And I m fortunate that just yesterday, the Department of Treasury released a brand new FAQs on their website that says that 1099s are not included in payroll costs.
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So they re not included either in the maximum loan amount or the forgiveness period.
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So anyone who s an independent contractor would not be eligible in that payroll cost.
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However, they can go apply for this loan themselves.
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This is for keeping your employees on staff.
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And then any vendors that you work really closely with, I would, you know, send them this information and encourage them to apply, uh, especially as they add more, more money on the backend of this, because the way that they calculate it for a 1099 independent contractor, it s not like, even if you don t have payroll, you can still apply for this as a 1099.
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And they calculate it based on your 2019 net income on your tax return.
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And the reason why is because the way that,
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self-employment tax and social security works is if you re a 1099 sole proprietor, you re paying social security on the net income of your business.
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And so they re counting that as part of wages for the purposes of this PPP loan.
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So no, it doesn t count if you re paying 1099s, but those vendors, if you want to help them stay afloat,
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send them this information so that they know that they can access this capital too.
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And they haven t been clear on how they re going to calculate the forgiveness.
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I have a feeling what they ll do is they ll ask for accounting records and bank statements to see what your net income was during that eight week period, if you re a truly a sole independent contractor, and then they ll forgive whatever that income is during that period.
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So that s been a big contention.
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And now we finally got some clarity from the treasury department.
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Couple more questions, we ll do a finish up in five minutes.
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This question comes from Dina Moench and many others.
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What programs are best for the sole proprietor?
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Yeah, so that element of the PPP, depending on your net income, it s gonna be not a huge loan amount, just because it s two and a half months of your net income capped at 100,000.
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So that s basically one employee s maximum.
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So I would really look at on those,
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is going for that disaster loan because you can get a income to debt service coverage ratio of 1.25, basically meaning your debt payments can be up to 80% of your net operating income.
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So you can get a pretty, and with that payment on 3.75% interest over 30 years, you can get a pretty sizable amount of capital using, with that disaster loan.
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So that is where I would go.
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And then I would make sure you re looking at the payroll tax credits, any net operating loss elements you had, and really doing proper tax planning to make sure that you minimize your taxes this year and try to access the other elements of it as well, of the bill as well.
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Great.
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Couple more.
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This question comes from Michael Gabor.
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What if you are a new business and revenue has not ramped up yet?
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So that is a tough one.
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So if you re a brand new business, meaning you went into opening on March 5th, I haven t really seen a lot of guidance on that.
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What they re looking for if you ve been in business for less than a year,
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they are taking your numbers based on January and February.
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So they don t need a full 12 months.
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They re getting a little bit of break there on the January and February, but I don t know is how they re going to calculate the FTE equivalent.
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I think they ll just use that period.
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Um, so, so that, that s how they re calculating the payroll.
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And then the same thing on the disaster loan, they re looking at not your annual net income, but just those last couple of months of net income.
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And so that s what they re trying to do for these businesses who, well, like the coffee shop client that I shared earlier, had just bought a second location at the end of January and then had to shut it down.
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It was terrible.
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But so that s what they re trying to do with getting capital to those types of businesses.
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Two more questions.
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OK.
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This question comes from Steve Kerekes.
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Do actual payroll costs include just the salary or all of the taxes businesses have to pay as well?
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So payroll taxes are not included.
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It s just, it s the salary, but it is.
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So I guess to clarify that question is income tax withholdings don t impact the loan amount.
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So if, if someone s wage is 5,000 and their net check is 3000, the loan amount is in on the 3000.
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It s on the 5,000, but the payroll taxes aren t, aren t included in the, in the payroll calculation.
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It s just gross wages for the employee.
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And somebody s asking, I think you ve answered it this way, but they re saying, so owners, you know, small owners with K-1s can apply for themselves, right?
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Yeah.
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So they can apply for themselves.
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It is still going to be based on their officer salary for the calculation and then what they pay, but you can pay yourself as an owner through this.
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So they re wanting to keep social security funded basically is one of the other goals here.
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And so when you pay yourself as an S corporation through W-2, that counts as wages during the forgiveness period and the loan maximization.
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One more question.
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This question comes from Jeff Muse and many others.
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Are there any incentives for landlords that own properties and have tenants not paying rent?
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Yeah, so this is part of the program.
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So you ve been affected.
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That s part of the disaster.
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They re going to get you capital.
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They re going to look at your payroll.
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And that is considered a business.
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These landlords that are struggling, it is considered a business, and they re definitely
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putting those right up at the top of the pile because, and that s part of why the rent is included in the forgiveness.
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They re wanting to keep landlords afloat too because that could dramatically destroy the economy if suddenly everyone who held real estate isn t collecting rent.
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So that s why they re encouraging this on the forgiveness period.
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And then they re just looking at that, they re considering you a business if you re a landlord on the disaster loan piece.
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But I hope that s answered some of your questions.
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Again, our whole goal today is really simple.
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Just trying to support you as business owners.
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We re in the same boat, all of us together.
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We want to take care of our people.
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We want to grow our business.
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We want to get back to where we are.
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How do you do it?
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Get out of fear.
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Educate yourself in that area.
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Make decisions in there.
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Apply whatever the government s telling you to apply.
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Of course, live by those rules.
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But don t let fear be the dominant force.
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Two, look around and see if there s opportunity to invest.
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Even if you re tight, this might be a place to do that.
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if you do if you ve been educating yourself or you give me a access if you want to pick up unshakable for no cost to you just shipping and handling or you can go pick it up at
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and pay full price at the bookstore or at Amazon, wherever you want.
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But I just want to give you solutions that we can never do in a short period of time here.
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And then the purpose primarily here, or repost here, has been what is available and how do you take advantage of it to get you through the next 90 days, perhaps, to where the light might be, and then simultaneously be in the system at the top of the system as soon as you can.
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So if we do expand it, you can take advantage of that already.
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Your numbers are in place with the bank and so forth.
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And so hopefully you ve got somebody who can do that for you.
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If not, I highly recommend Tyler.
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I m taking no income from this.
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This is not a play on my part.
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And I asked him to figure a way since he couldn t do enough of all of you individually, they could do for you collectively, but still give you the personal attention.
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So his 90 day plan to give you all the resources you need and coach you and show you how to get through it is $4.95 a month for three months.
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And I hope you found this to be valuable today.
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Tyler, thank you for taking the time with everybody.
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And let s start Tyler s contact info one last time, too, for people who might want to work with him.
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And say to all of you, stay strong, live with passion, and God bless.
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We ll see you soon.
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If you re interested in expert tools and turnkey advice to ensure your business gets the most benefits available, check out Tony and Tyler s Business Owner Stimulus Kit at www.rescuesmallbusiness.com.
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This 90-day interactive program will help simplify and expedite your path to completing the government loan application process and also show you how to redesign your financial plan
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Pivot your revenue streams and manage your ongoing cash.
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That s www.rescuesmallbusiness.com.
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The Tony Robbins Podcast is directed by Tony Robbins and produced by the Tony Robbins team.
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Special thanks to Tyler McBroom of Measured Results.