SBA 7(a) Program for Small Businesses
The SBA 7a program is a small-business loan program that helps businesses with start-ups, expansions, and other needs. The maximum loan amount available through the SBA 7a program is $5 million.
Payroll
COVID-19 Economic Injury Disaster Loan
In the wake of COVID-19, The Economic Injury Disaster small business Loan program offers a solution for businesses in need. By providing accessible capital, it helps these companies recover from their coronavirus economic impacts quickly while also preserving jobs that were lost due to the pandemic’s effects.
Hire a Tax Professional
Hiring an experienced expert can make a difference. The key here though is to plan in advance! Don’t wait until the dreaded deadline each year, April 15, to start thinking about tax savings.
New Infrastructure Bill (Not Yet Signed Into Law)
After lengthy negotiations, Senators came to an agreement on provisions and funding for their bipartisan infrastructure bill and released bill text over the weekend.
Hire a Tax Professional
Hiring an experienced expert can make a difference. The key here though is to plan in advance! Don’t wait until the dreaded deadline each year, April 15, to start thinking about tax savings.
Hiring the Kids or Grandparents Tax Strategy
Small businesses that are not taxed as corporations can hire their kids and grandparents without incurring any federal or payroll tax for legitimate services rendered paid at market rate.