The REAL Reason PYOP Studios NEED to Have A Good Accountant | PYOP Accounting Year in Review

7 Dec 2021 · 3 min

Watch on YouTube

3:22

A short YouTube monologue by Donna Genie (PYOP Accounting) describing the firm's COVID-era efforts to secure emergency funding for small, family-owned clients. She summarizes assistance with EIDL advances/loans, PPP loans, Employee Retention Credit, Restaurant Revitalization Fund, and various state/local grants, reporting roughly $1.8M obtained for clients (excluding EIDL loan principal) and noting ongoing client retention and satisfaction.

Questions this video answers

$1.8 million.

About 52 clients per month.

She estimates EIDL loans would be 'probably over $5 million.'

In March, 'the day the program opened.'

Chapters

I know, I know everybody's tired of hearing about COVID funding, but I want to brag just a moment and let you know how important it is to have a good CPA on your side. We have tallied up all the records for Covid funding except for the fourth quarter of employee retention credits for startups and we have some amazing numbers to share with you. We were able in March, the day the program opened, to help everybody apply for Eidl advances and Eidl loans that were to come later. When the PPP programs arrived on the scene, we were supplying all of our clients with all of the information they needed to get those loans in their hands as soon as possible to keep that money flowing. And also we helped clients with other various programs like the employee retention Credit, rrf, Restaurant revitalization funds and miscellaneous grants throughout state, local community grants that also were able to help our clients. The total of that was $1.8 million. Now we work with about 52 CL clients per month and all of those clients didn't even qualify for all of the programs. And I'm also not including all of the Eidl loans that our clients got that would be probably over $5 million. So in helping get that cash flowing to small business owners, mom and pops, not monster businesses, not the evil corporations of America. These are mom and pop businesses, generally family owned. We were able to bring them over $1.8 million to help support their businesses. And I'm proud to say that all of them are still in business today after Covid has hit their businesses and affected them each in their different ways. We've kept all of those clients on board and I want to continue providing excellent customer service to them as we have throughout Covid. So keep those funds in mind and make sure that you are working somebody who is looking out for your best interest. If you're not, I'd be happy to talk with you about how that relationship should work. Thank you very much. I'm Cordo with pyopaccounting.com Please follow us on Facebook and Instagram. Make sure you check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at donnayopaccounting.com Sam.