Newburg Staff Writers (4/30/21) The Restaurant Revitalization Fund (RRF), authorized by the March Economic Stimulus Bill, will start taking applications for grants designed to assist impacted businesses today. The Bill set aside $28.6 billion to aid foodservice-related businesses who have been impacted by COVID-19. Friday, April 30: Impacted businesses [...]
Newburg Staff Writers (4/27/21) Restaurant Revitalization Fund (RRF) The Small Business Association (SBA) announced it will begin accepting applications for its $29 billion Restaurant Revitalization Fund (RRF) on Monday, May 3rd. The RRF was introduced as part of the $1.9 trillion coronavirus-aid package that became law last month. It [...]
Newburg Staff Writers (4/23/21) The Biden Administration announced a new tax credit yesterday, for employers who offer COVID vaccine-related paid leave. The provision is a component of the recent American Rescue Plan Act released in March. This comes as the White House urges more Americans to get vaccinated, as [...]
Newburg Staff Writers (4/21/21) The Massachusetts District Office of the Small Business Association (SBA) will be hosting a free webinar for small businesses to learn more about the Restaurant Revitalization program. The webinar will be offered on three dates, which we have listed below, along with the corresponding link [...]
Newburg Staff Writers (4/15/21) While there is still no official release date for the RRF Grant applications, the SBA did release a few additional details, which are important. Those details are as follows: Once the application is released, it will be available at restaurants.sba.gov (the link is not currently live). The SBA [...]
Newburg Staff Writers (4/12/21) Thanks to the Consolidation Appropriations Act of 2021 businesses are provided with an extra tax incentive to help out local restaurants that has been impacted by the pandemic. For years 2021 and 2022 businesses will receive a 100% tax deduction for certain qualified meals and [...]
Newburg Staff Writers-March 31, 2021 The American Rescue Plan Act of 2021 (ARPA) is the $1.9 trillion bill passed last month to assist taxpayers who have been impacted negatively by the COVID-19 Pandemic. The Act gave birth to or enhanced/extended various programs enacted to assist those in need. Below [...]
Newburg Staff Writers-March 16, 2021 Within the 591 page American Rescue Plan Act of 2021 lives an important grant to further support restaurants and bars. We have included below some pertinent inquiries relative to the $28.6 billion dollar Restaurant Revitalization Fund. Who Qualifies for the Grant ? If your establishment involves [...]
Newburg Staff Writers-March 11, 2021 (6:00 AM) Congress approved the expansive $1.9 trillion relief package on Wednesday, authorizing new federal spending, covering such areas as school and college aid, vaccine distribution funding, as well as a variety of areas assisting both businesses and individuals. Some of the key highlights [...]
During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income. There are two methods for claiming this tax break: [...]
