The US Small Business Administration (SBA) will launch a streamlined Paycheck Protection Program forgiveness portal to allow borrowers with PPP loans of $150,000 or less to apply for forgiveness directly through the SBA. On August 4, the portal will begin accepting applications from borrowers that have a PPP loan with a lender that has opted into […]
Updated Bipartisan Infrastructure Deal
A robust infrastructure plan has been a priority for the Biden Administration since day one. So, too has passing the bill in a bipartisan deal. As such, the announced $550 plan, negotiated between the White House and senators from both parties is a major win for the administration as well as bipartisanship. 17 Republicans joined […]
NFIB’s Guide to Federal Employee Retention Credit
Small business owners, did you know that the federal Employee Retention Credit (ERC) can provide up to $33,000 per employee in tax credits over 2020 and 2021? The National Federation of Independent Businesses (NFIB) created a guide to help businesses receive the tax credit ASAP. To qualify for the ERC in a given 2020 quarter, […]
New York City Workers to Be Vaccinated or Tested Weekly Beginning September
New York City Mayor Bill de Blasio announced that beginning September 13th (the first day of school), all city employees must provide proof of Covid-19 vaccination or be subjected to weekly Covid-19 tests. In advance of this, NYC is mandating 45,000 City workers and contractors in residential and congregate care settings by August 16th. Both […]
New York’s Second Quarter Sales Tax Jump Almost 50 Percent
Sales tax revenue for local governments in New York state rose by 49.2 percent in the second quarter (April to June 2021) compared to the same period last year, a dramatic increase from last year’s abysmal collections during the initial wave of the Covid-19 pandemic, according to State Comptroller Thomas P. DiNapoli. Sales tax collections […]