News (2430)
PPP Program Gets Extension
The Paycheck Protection Program has been extended for two additional months, reports Politico.
Senior House and Senate lawmakers have reached an agreement to extend the Paycheck Protection Program for two months amid growing concern that the March 31 expiration of the landmark small-business rescue plan would deprive many employers of aid.
Read more...New Relief Bill Helps Small Business
According to the Guardian, there are several ways the American Rescue Plan can help small businesses.
Thanks to the stimulus programs, there are now five ways small can save big on their taxes in 2021 … and even get money back.
Read more...Self-employed Can Apply for PPP Loan
According to CNBC, self-employed and gig workers can now apply for Paycheck Protection Program funds.
Self-employed and gig workers who have been waiting for new rules that would mean larger forgivable loans through the Paycheck Protection Program can now move forward with their applications.
Read more...PPP Program Set to End
The Paycheck Protection Program is set to end on March 31, reports INC.
With about $128 billion currently up for grabs, the Paycheck Protection Program will sunset at the end of this month--and, as yet, there are no plans to revive it.
Read more...Latest Small Business Relief Passes Senate
The Senate has passed the latest relief package which contains funding for small business and nonprofits, reports KWWL.
The United States Senate passed the $1.9 trillion COVID plan proposed by President Joe Biden Saturday. The package also includes tens of billions of dollars in aid for small businesses and not for profits whose bottom lines have been hard hit by the pandemic.
Read more...Payroll Protection Program Rule Changes
Recent changes to the rules surrounding the latest Payroll Protection Program’s rules have small businesses excited, reports CNBC.
When Sinelia Louis, 50, heard about the recent changes to the Small Business Administration’s Paycheck Protection Program, she felt like her prayers had been answered.
Read more...More Funding for Small Business
According to the Journal of Accountancy, the House has passed the latest economic recovery package which includes additional funding for small business.
The U.S. House of Representatives passed, by a vote of 219–212, a $1.9 trillion COVID-19 relief package early Saturday morning that includes $1,400 stimulus checks to individuals, an extension of unemployment benefits, and tens of billions in aid for small businesses and not-for-profits.
Read more...Payment Processing Choices
Small businesses have several options when deciding what types of payments to accept, reports PC Mag.
How your small business handles payments was once a basic decision: cash, checks, credit cards via a merchant account, and you were done.
Read more...Black Owned Businesses Struggle
According to CNBC, a new survey finds that black small business owners are concerned about the survival of their business.
When the pandemic first slammed the country last March, Iya Karade was one of countless small-business owners who had to shut their doors.
Read more...Businesses Could Get Boost From Tax Credit
This tax season is fraught with challenges for small businesses, however one thing businesses can do is see if they qualify for the employee retention credit, reports WWMT.
With tax season upon us Sunday, Feb. 21, 2021, experts said some small businesses might face navigation challenges when filing, especially because of the loans and credits given out due to the ongoing COVID-19 pandemic.
Read more...
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