Jul 1, 2021 | Business Planning, Coronavirus Updates, Coronavirus Updates, Tax News
Reposted from the newsroom of Virginia Governor Ralph Northam June 11, 2021 news article. VIRGINIA BEACH—Governor Ralph Northam today announced a new $3 million investment to pilot the Return to Earn Grant Program, which will match payments from eligible small...
Jun 27, 2021 | Coronavirus Updates, Coronavirus Updates, Personal Financial Planning, Tax News
Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain taxpayers Is fully refundable (meaning you can...
May 13, 2021 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Personal Financial Planning, Private Equity-SBICs and Venture Capital, Tax News
Enacted in 1996, the Work Opportunity Tax Credit (WOTC) is a federal tax credit that eligible employers can claim if they hire eligible individuals who have consistently faced stringent barriers to employment. According to the Department of Labor, “Each year,...
May 11, 2021 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from...
May 6, 2021 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Personal Financial Planning, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
The Department of Homeland Security has announced it is “taking action to ensure that American businesses are equipped with the resources needed to recover successfully and contribute to the economic health of local communities.” Citing increased labor...
May 4, 2021 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Hospitality, Tax News
According to the Small Business Administration, the Restaurant Revitalization Fund will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not...
