If your business qualifies for the research and experimentation (R&E) tax credits, it’s important to know that changes to the tax treatment of R&E expenditures will go into effect on January 1, 2022. The Tax Cuts and Jobs Act (TCJA) of 2017 set the timing for these changes – here’s
New Economic Injury Disaster Loan (EIDL) program changes took effect September 8, 2021, in the COVID EIDL program and may relieve the burden on some small businesses by making the loan process easier to navigate and providing additional resources and flexibility in how the loan proceeds may be used. The
The Cares Act (signed by President Trump on March 27, 2020) provided for a refundable Employee Retention Credit (ERC); however, PPP loan recipients were precluded from qualifying for the ERC. At that time, many businesses chose to apply for PPP loans in 2020 as opposed to ERCs. The President
The COVID-19 pandemic brought seemingly endless challenges for virtually everyone – families, individuals, businesses, and non-profit organizations alike. Helping navigate these challenges has been the focus of multiple federal relief packages passed over the past 18 months – and other local government issues (including those involving municipalities) have largely been
Ohio Governor Mike DeWine announced four new grants designed to support Ohio small businesses, bars, and restaurants. The grants range from $10,000 – $30,000 for qualifying small businesses that have been in operation since at least December 1, 2019. The business must have experienced at least a 10% reduction in
The Restaurant Revitalization Fund grant program allows restaurants to apply for grants of up to $10 million based on lost revenue. SBA has set aside funds that are available only for certain applicants in underserved communities and will prioritize awarding funds for the first 21 days to small businesses at