NEVADA PANDEMIC EMERGENCY TECHNICAL SUPPORT (PETS) GRANT APPLICATIONS START OCTOBER 19

October 13, 2020 FYI – The state is offering another Covid business grant program–up to $10,000 – called the Pandemic Emergency Technical Support (PETS) Grant (link below).  Applications start Oct 19: “The PETS grant is intended to assist businesses and organizations during the COVID-19 health crisis – especially those establishments such as bars, pubs, taverns, …

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LAS VEGAS COMMERICAL RENTAL ASSISTANCE PROGRAM -EXTENDED THRU 9/8/20

FYI – the state extended the application deadline through Sept 8 for up to 10k of rental assistance to small businesses (less than 50 employees) who can verify a loss of at least 30% in revenue since the previous year (see the link below for details).  They removed the requirement that you couldn’t have received …

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TRUMP EXECUTIVE ACTION-PAYROLL TAX DEFERRALS (AUG. 31, 2020)

Dear Clients and Friends, The President’s recent executive action called for a payroll tax deferral for employees effective Sept 1 through year end.  Employers would stop withholding the 6.2% FICA (aka social security) portion on employee paychecks.  To get the deferral, employees must earn less than $4,000 every two weeks (equates to $104,000 annual salary). …

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NEW PAYROLL TAX DEFERRAL & PPP LOAN FORGIVENESS UPDATE (AUGUST 15, 2020)

Dear Clients and Friends, I’d like to keep you informed about a few hot-topic tax developments that have occurred in the past week:    New Employee Payroll Tax Deferral Scheme On August 8, 2020, President Trump signed an executive order deferring payroll tax obligations of employees.  But what the heck does it really mean?  Like many …

NEW PAYROLL TAX DEFERRAL & PPP LOAN FORGIVENESS UPDATE (AUGUST 15, 2020) Read More »

SBA EIDL (ECONOMIC INJURY DISASTER LOANS) ARE BAAAACK!! A SMALL BUSINESS LIFELINE (JUNE 18, 2020)

Dear Clients and Friends, FYI – SBA (Small Business Administration) has resumed accepting new EIDL (Economic Injury Disaster Loan) applications on a first-come, first-served basis.  SBA had halted new submissions on April 15 due to high demand.  On Monday, June 15, SBA began begin accepting new EIDL loan and EIDL Advance applications from qualified small businesses.  …

SBA EIDL (ECONOMIC INJURY DISASTER LOANS) ARE BAAAACK!! A SMALL BUSINESS LIFELINE (JUNE 18, 2020) Read More »

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