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News

Economic Injury Program Not That Helpful

According to the Washington Business Journal, many small businesses were given less money than they needed from the Economic Injury Disaster Loan Program. 

Hundreds of thousands of businesses that applied for the Small Business Administration's Economic Injury Disaster Loan program were ultimately given less than they needed, according to a Government Accountability Office review of the program.

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More Money for Distressed Small Business

According to CNBC, the Treasury and the House may be close to an agreement on a further round of funding for distressed businesses.

As House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin try to hash out another coronavirus relief package, distressed business owners continue to wait in the wings.

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Business Switching to Online Sales Miss Tax

More businesses are turning to online sales, however, many small businesses don’t fully understand their states online sales tax rules, reports Forbes. 

Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics.

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