In honor of the IRS’ Small Business Week, we wanted to make you aware of a variety of small business resources, including a guide to starting a small business, assorted tax tips and a video portal. In conjunction with this, and as we approach the end of another...
BUSINESS OWNERS: DON’T LEAVE MONEY ON THE TABLE! Your company could qualify if it experienced: 50% reduction in revenue in Quarters 2-4 of 2020 and a full or partial government order or shutdown in 2020, Greater than 20% reduction in gross receipts in the first 2...
The IRS recently approved a temporary 100% deduction for some business meal expenses incurred during the 2021 and 2022 calendar years. In order to qualify, expenses must meet the following criteria: Paid or incurred after 12/31/20 and before 01/01/2023 with the meal...
The State of Ohio recently announced the launch of four new small business grant programs: Food and Beverage Establishment Grant Lodging Grant Entertainment Venue Grant and New Small Business Grant (for businesses that started in 2020) These grants range from up to...
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing...
The Westerville Area Chamber of Commerce recently shared a few highlights about the CARES Act Extension that we wanted to bring to your attention: •PPP (Paycheck Protection Program) program will reopen with $284.5 billion to strengthen first time and second time...