480-354-1040 | hello@cdtax.com

CD Tax & Financial
purple client center button
Schedule your free consultation today
  • Home
  • Services
    • Accounting Services
    • Tax Preparation and Planning
    • Tax Resolution
      • Help with Your IRS Audit
      • Filing Prior Years Return
      • Owing the IRS Money
      • Behind on Payroll Taxes
      • When Your Spouse Owes the IRS
    • PPP Loan Forgiveness Assistance
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • Products
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Resources
    • Resources
    • Mobile Accounting
  • Testimonials
  • Blog
    • Blog
    • Newsletter
    • Weekly Tax Tip
  • About us
  • Contact
  • Home
  • Services
    • Accounting Services
    • Tax Preparation and Planning
    • Tax Resolution
      • Help with Your IRS Audit
      • Filing Prior Years Return
      • Owing the IRS Money
      • Behind on Payroll Taxes
      • When Your Spouse Owes the IRS
    • PPP Loan Forgiveness Assistance
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • Products
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Resources
    • Resources
    • Mobile Accounting
  • Testimonials
  • Blog
    • Blog
    • Newsletter
    • Weekly Tax Tip
  • About us
  • Contact

Small Businesses: ACT NOW!

May 2, 2020 In COVID-19, For Your Business
Tweet
Share
Share
Pin

Small Businesses: ACT NOW! New Funds are Available. Act fast to get your slice of additional SBA funds. An additional $484 billion in COVID-19 small business assistance is now available, including $310 billion in new money for the Small Business Administration’s (SBA) Paycheck Protection Program.

Get your Paycheck Protection Program (PPP) loan application in now

If your business has not already done so, you need to get your Paycheck Protection Program (PPP) loan application in the hands of your banker NOW! The newly-available funds are expected to be claimed within a matter of days.

The program, created by the CARES Act, is an SBA low interest loan designed to help small businesses hurt by the coronavirus pandemic. Businesses can apply for a loan equal to 2.5 times their average monthly payroll costs. If 75% of the loan is used to pay salary and wage expenses, a portion of the loan may be eligible to be forgiven. Even better, your first loan payment is deferred for six months and initial interest rates are one percent .

Original funds in the program went quickly. Thankfully, we are being told a portion of the new funds are being reserved for regional and smaller banks so the help can get to main street businesses like yours.

Take action: Contact your bank immediately. They will direct you to the information required to apply for this program. Stay on them! Once the bank approves your application, it will be submitted by them to the SBA. The SBA will then confirm and approve the submission. Then all you can do is wait.

More money for EIDL grants

The new law also provides an additional $10 billion for funding emergency loan grants. The Small Business Administration is providing a quick, $10,000 grant with no repayment required, through their Economic Injury Disaster Loan (EIDL) program. The original program had shut down after all the available funds were given out.

Take action: For the $10,000 grant you must visit the SBA. Here is a link to the application site:

SBA EIDL grant site

Check the site immediately and every day to know when they will start taking new applications. Once approved, and if you are lucky enough to receive a grant, your bank account will receive the funds directly.

These new funds will not last long, so you will need to move quickly if you wish to help your business during the pandemic.

Stay Up To Date on Taxes that Affect You!! Subscribe to our General Taxpayer Weekly Tax Tip that includes bite-size and informative tips on tax and financial changes, Monthly Client Update Newsletter, and updates on our events and seminars. Follow CD Tax on Facebook!  

Tweet
Share
Share
Pin
business COVID-19 economic injury disaster loan funds grant paycheck protection program ppp loan SBA Loan

Monthly Archives

Categories

  • Accounting (40)
  • Accounting Software (12)
  • Amended Tax Return (4)
  • Blog (5)
  • Bookkeeping (2)
  • Bookkeeping Tips (11)
  • Business Development (28)
  • Business Growth (26)
  • Business Tips (94)
  • College (3)
  • Cool Tech Tools (13)
  • Cost-Saving Tips (14)
  • Cost-Savings Tips (5)
  • COVID-19 (50)
  • Customer Service Tips (6)
  • Decision-Making Tips (14)
  • Deductions (7)
  • Divorce (2)
  • Expense Reduction Tips (4)
  • Finance Management (10)
  • For Your Business (73)
  • Identity Theft (13)
  • Individual Tax (102)
  • IRS (44)
  • IRS Audit & Representation (4)
  • Legacy Planning (33)
  • Management Tips (10)
  • Marketing Tips (1)
  • Money Management (18)
  • News (20)
  • Payroll Tips (22)
  • Personal Development (6)
  • Profitability Tips (12)
  • QuickBooks Help (1)
  • QuickBooks Software (1)
  • QuickBooks Training (1)
  • Tax (59)
  • Tax Dates (23)
  • Tax Planning (21)
  • Tax Rates (5)
  • Tax Records (8)
  • Tax Resolution (2)
  • Time Management Tips (4)

Sitemap

  • Home
  • Services
  • Products
  • Industries
  • Resources
  • Testimonials
  • Blog
  • About Us
  • Contact

Contact Us

Tax Services, Accounting Services and Services for QuickBooks®

CD Tax & Financial
Tax Girl Enterprises LLC

8659 E. Pampa Ave
Mesa, AZ 85212 United States

480-354-1040 | hello@cdtax.com


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.

purple client center button

Schedule your free consultation today CD Tax & Financial Mesa AZ

Subscribe to our newsletter today CD Tax & Financial Mesa AZ

©2020 CD Tax & Financial | Tax Girl Enterprises LLC
Site Design by Accelerator Websites