A new grant program, the Restaurant Revitalization Fund (RRF), is slated to provide relief funding for restaurants and bars affected by the COVID-19 pandemic. The RRF, which was established by the newly passed American Rescue Plan, will provide $28.6 billion in grants for small businesses in need.
Insights into the world of small business lending and development
The deadline to file 2020 tax returns is fast approaching, and we know many small business owners need to learn about what kind of tax benefits they might benefit from during this challenging time.
Below you will find some important information about the new Employee Retention Tax Credit and the Work Opportunity Tax Credit.
Employee Retention Tax Credit
Congress has approved a new $1.9 trillion federal relief package, more commonly known as the American Rescue Plan. The stimulus legislation, the largest of its kind, includes several measures to help stabilize small businesses and the economy.
Some of the key provisions that will aid struggling small businesses are:
The White House recently announced new changes to the Paycheck Protection Program (PPP) to better focus federal relief funds and aid struggling small businesses that may have been left behind during the first rounds of funding. The changes come at a critical time, when our research reveals that minority-owned businesses have greatly struggled to secure capital compared to their white counterparts.
Update: The Shuttered Venue Operators grant is temporarily closed while the U.S. Small Business Administration works to reopen the application portal.
As we begin a new year, small business owners who applied for a Payment Protection Program (PPP) loan should be aware of the processes and requirements to apply for PPP loan forgiveness. Taking the following steps to complete the loan forgiveness process will give you peace of mind and may help you prepare for the upcoming tax season.
Here are some key facts to consider as you start to navigate the process.
Congress approved a new federal relief package to help struggling small businesses weather the coronavirus pandemic, putting an end to months of ongoing negotiations and congressional inaction. Read our summary of the key pieces of the legislation that can support the recovery of small businesses.
This year we’ve seen how important it is for small business owners, their employees and their families to have access to health coverage. If you or your employees need to enroll in or renew your health insurance plans for 2021 through the Affordable Care Act (ACA) individual marketplace, your time is here. This open enrollment season is taking place from November 1 to December 15, and many will be eligible for premium assistance to help offset the cost of coverage.
Here are some key facts to keep in mind as you consider shopping for coverage:
With the coronavirus pandemic changing every aspect of our lives, it’s only natural that the ways in which people purchase products and services also need some adjusting. And with the upcoming holiday season fast-approaching, small business owners must go where the consumer is: online.
Here’s a helpful checklist for you to look over to prepare your business for the holiday season and help boost your bottom line throughout the pandemic.
This blog originally appeared on the blog of our partner CO-STARTERS.
Although some businesses have seen the relief offered by the CARES Act—particularly the Paycheck Protection Program SBA loans—many small businesses have been left wondering if their application is even being considered.
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