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$2 Billion of RRF funding already sent to Restaurants, Food, and Beverage Businesses
The Restaurant Revitalization Fund (RRF) provides up to $10 million per business to help restaurants, food, and beverage businesses remain open during the COVID-19 pandemic.
Do you need to repay the funding?
Repayment of the funding is not required as long as the funds are used for eligible uses (no later than March 11, 2023)
Since the opening of the program, the SBA has sent over $2 billion in payments to over 16,000 restaurants.
There’s still funding available; the sooner you apply, the faster the funds will be available. Have you sent your application yet? Schedule a free zoom meeting here:
DO YOU NEED HELP WITH YOUR RESTAURANT REVITALIZATION FUND APPLICATION?
Hundreds of business in Texas have already taken advantage of our Tax Planning Services and are saving thousands of dollars in Tax Payments this year.
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Commercial loans are great because you can fund your business; be on the lookout for high interest rates when you apply for a commercial loan.
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Bipartisan Infrastructure Bill
House has agreed to a motion to concur in the amendments made by the Senate to the Bipartisan Infrastructure Bill.
Senate Democrats Float “Billionaires Tax”
A billionaires tax on unrealized appreciation has floated to make up for the billions of dollars in new revenue that would be raised by tax increase.
Build Back Better Act (Draft Released)
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Capital Gains, a Retroactive Timeline
With the new tax hikes proposal developed this week in Washington, there are notable changes coming to your capital gains and dividend income taxing.