Business
Registration for Restaurant Revitalization Fund Opens Tomorrow
Registration for the Restaurant Revitalization Fund (RRF) will begin tomorrow, Friday, April 30 at 9 a.m. EDT and the SBA will begin accepting applications via the application portal on Monday, May 3 at…
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IRS Provides Greater Flexibility for Health FSAs & Dependent Care Assistance Programs
The Internal Revenue Service provided greater flexibility, due to the pandemic, to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs. Under…
Continue ReadingEmployee Retention Credit Extended for Employers Who Keep Workers on Payroll
The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose…
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Philadelphia City Council Passes Bills Affecting Real Estate Development
On December 10th, the Philadelphia City Council passed three bills that impact real estate development citywide. The bills deal with tax abatement for new residential construction and for commercial &…
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What’s in the $900 Billion Pandemic Relief Package? – Updated
On December 21st, Congress passed a $900 billion pandemic relief package that was signed into law by the president on December 27th. The bill comes with a second round of direct stimulus payments and expanded…
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IRS Releases Guidance Clarifying Rules for Expenses Paid with PPP Funds
On November 18th, the IRS and the Treasury Department released guidance clarifying the tax treatment of expenses where a Paycheck Protection Program (PPP) loan has not been forgiven by the end of the year…
Continue ReadingSimpler PPP Forgiveness Announced for Loans of $50,000 or Less
On October 8th, the U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50…
Continue ReadingBurlington County to Offer Zero-Interest Loans to Small Businesses
The Burlington County Board of Chosen Freeholders and Burlington County Bridge Commission announced the launch of a new interest-free loan program aimed specifically at aiding small businesses impacted…
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$15M added to NJ Grant Helping Small Businesses
Small businesses still waiting for state assistance may have a better chance at relief after Gov. Phil Murphy said his administration will offer another $15 million in grants. Murphy announced the third…
Continue ReadingNew Jersey Family Leave Insurance Update Effective July 1, 2020
Family Leave Insurance provides New Jersey workers cash benefits to bond with a newborn, newly adopted, newly placed foster child, or to provide care for a seriously ill or injured family member. While…
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