Below is a summary of the stimulus relief for businesses that is part of the Consolidated Appropriations Act, 2021 (H.R. 133) which was signed into law on 12/27/2020. Paycheck Protection Program second draw Congress has created a PPP second draw available to smaller businesses that can show their business has been impacted by the pandemic. The second draw offers a similar package to the PPP offered out of the  CARES…  Read more

As 2020 ends, it’s time to think about year-end tax planning. Proper planning allows for significant savings that can positively impact your financial situation. Due to changes in tax guidelines, tax reform provisions, and tax relief granted through the CARES and SECURE Acts, business owners and individuals should review circumstances and look for opportunities to reduce, defer, or accelerate tax obligations. The 2020 Year-End Tax Planning Guide outlines significant tax…  Read more

The Rebuild VA Grant Fund has expanded its eligibility criteria to allow more small businesses and nonprofits to apply. Any small business or nonprofit with $10,000,000 or less in gross revenue OR 250 or fewer employees may now apply. The maximum grant award increased from $10,000 to $100,000. ReBuildVA funding may be used for these eligible expenses: Payroll support, including paid sick, medical, or family leave, and costs related to…  Read more