Attention Restaurants! More relief is in sight with $26.8 billion allotted to the Restaurant Revitalization Fund, with $5 billion reserved for small establishments with less than $500,000 in revenue for 2019. The process will open ‘within weeks’ at sba.gov. As soon as the official web page is released, I will publish it, and funds will be available on a first come, first served basis. Although, during the initial 21 days, the SBA will prioritize grants to women-, minority-, and veteran-owned businesses. This Fund is not only for restaurants, but also includes bars and “similar places of business in which the…
Posts tagged as “Restaurant”
The Credit For Portion Of Employer Social Security Paid With Respect To Employee Cash Tips, or Excess FICA Tax Credit on Tips, for short, to be exact. If you are familiar with this tax credit, then congratulations, you are one of the few (just be sure you are not a victim to the ‘Confusions’ I point out below). The IRS recently reported that for tax 2012 (yeah, it takes them this long to report), 66,400 taxpayers took advantage of this credit. This quantity seemed underwhelming to me, so I did some research as to how many businesses were potential candidates. …