National unemployment rates are high due to the coronavirus—and even higher for dance businesses. Plus, the pandemic brings a host of new considerations for employers dealing with laid-off or furloughed employees. We broke down the answers to six need-to-know questions.
Bankruptcy gets a bad rap. But for some dance businesses that are struggling due to the COVID-19 pandemic, it might be a smart way out of debt—and it doesn’t have to mean the end of your business.
Whether it’s to tap new sources of funding or get a break on payments for existing debt, a talk with your banker can help your business get through this cash crunch.
In the last two weeks, as Congress passed various relief and stimulus bills, you may still be wondering exactly what help you can get. Here’s a summary, including cash for businesses, unemployment payments for gig workers and a new payroll loan program that converts to a grant (and is also open to independent contractors and the self-employed).
Whether you have a financial person do your taxes or handle them yourself, it pays to be alert to opportunities to cut your tax bill. Here’s what to know (and discuss with your tax pro) before you file.
Customers keep coming through the doors, and you’re continually reordering pointe shoes and leotards. Does that mean your business is profitable? That you’re growing? These eight key financial numbers will tell you how you’re really doing.
Use these “key performance indicators” to get the financial details on how your dance studio business is doing—and where you could make improvements.
There are many good reasons that might trigger a decision to move your dance business. If you need to get out of a lease early, consider these options.
Dance stores and studios: Don’t miss out on these opportunities to cut your tax bill. Don’t delay—the sooner you start, the less stressed you’ll be as the year ends.
With talk of a possible recession in the air, it pays to bolster your business now. Not only will it help you weather a downturn, you’ll be positioned to take advantage of opportunities when the economy improves.