The Greater Arlington Chamber of Commerce Women's Alliance is excited to launch a new Woman-Owned Small Business Grant program. The grant will award one woman-owned business in the greater Arlington area* that has operated for three years or less. The grant includes a cash award, gifts, professional and business services to encourage the growth of … [Read more...]
Women’s Alliance Launches Woman-Owned Business Grant
EIDL Grants and Loans are Open
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...]
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...]