All tagged SBA
After finally opening up on May 3, the SBA received 186,200 applications for grants for the Restaurant Revitalization Fund in just the first two days. For the first 21 days of the program, priority will be given to businesses owned by women, veterans, and socially disadvantaged. According to the SBA, about half of the first group of applications came from these groups.
A payroll specialist, on the other hand, knows the ins and outs of taxes, overtimes, contributions, sales commissions, and bonuses. The bottom line is: another professional can do it better, and while they’re at it, you can get back to doing what you do best—like growing your business!
The new round of the PPP opened on Monday, January 11, 2021. This article in the Journal of Accountancy has full details on eligibility and requirements for forgiveness. Starting on Monday, January 11, first-time borrowers can apply, and on Wednesday, January 13, second-time borrowers can apply.
