Economic Injury Disaster Loans and Grants ran out of money appropriated by the CARES Act. The latest recovery bill signed in late December will bring them back. You can now apply on the SBA website HERE. When the program began, the SBA announced the grants would be up to $10,000. Later the amounts were reduced to $1,000 per employee and then … [Read more...]
EIDL Grants and Loans are Open
87th Texas Legislature: Meet Your State Representatives
The Texas House of Representatives has 150 members, each representing about 190,000 Texans in the Legislature. A part of Arlington is included in the district of five state representatives: Jeff Cason, Matt Krause, Tony Tinderholt, Chris Turner and David Cook. If you don’t know who represents you, you can CLICK HERE, enter your home address and … [Read more...]
87th Texas Legislature Is Underway; Dade Phelan Elected Speaker of the House
At noon on January 12, the Texas House and the Texas Senate gaveled in the start of the 87th Texas Legislature. Lt. Governor Dan Patrick opened the Senate and Secretary of State Ruth Ruggero Hughs opened the House. The first order of business in the House was the election of a new Speaker of the House made necessary because the previous Speaker … [Read more...]
Congress Reopens and Modifies the PPP for Small Business
Congress made changes to the PPP loans in the end of year Pandemic Relief Package. If you received a PPP loan four major changes impact you: The regular business expenses paid with the PPP proceeds will be tax-deductible. While only 40% of PPP proceeds can be used for non-payroll expenses, four new categories of non-payroll expenses … [Read more...]
Congress Expands Employee Retention Tax Credit
The year-end pandemic relief bill expanded the employee retention tax credit beginning January 1, 2021. The prior credit was limited to $5,000 per employee. The expanded credit can apply to up to $14,000 per employee. Under the previous rules, an employer had to demonstrate a decline in gross receipts of 50% in a quarter. The new requirement … [Read more...]
87th Texas Legislature: Meet Your State Senators
There are 31 State Senators in the Texas State Senate, each representing about 900,000 Texans. Three State Senate Districts include part of Arlington: District 22 the seat now held by Senator Brian Birdwell, District 10 currently held by Senator Beverly Powell and District 9 held by Senator Kelly Hancock. The Senate is led by the Lt. Governor, … [Read more...]