Category Archives: Small Business
Maryland’s RELIEF Act Includes a Sales Tax Credit for Small Businesses Adversely Affected by the Pandemic
Spring is almost here, the snow is melting, and everyone is starting to panic about tax season. Filing business taxes is never easy, and even the most well-organized small business owners often get an unpleasant surprise when they meet with a tax accountant about their business taxes. Clickbait authors know that headlines about quadruple-digit… Read More »
How a Business Law Attorney Can Help You Prevent Business Litigation
Many small business owners only contact a lawyer when they have a big problem. A former client or former employee is threatening to sue the company, a bigger company is giving you the choice of letting it buy you out for a paltry sum or else putting you out of business through heavy-handed competition,… Read More »
Beyond PPP: The New Stimulus Bill Contains Other Forgivable Loan Options for Small Businesses
The new COVID-19 pandemic relief bill is thousands of pages long, but a few aspects of it have attracted the lion’s share of the media coverage. Which individuals will get another round of direct stimulus payments? How much money will these payments be, and how soon will they be in people’s bank accounts? Small… Read More »
Good News for PPP Borrowers: A Simplified Loan Forgiveness Application and a More Streamlined Application Process
The COVID-19 virus may be here to stay, but 2021 is a new year that provides new opportunities to confront the pandemic from a public health perspective as well as an economic one. So far, there are reasons to be optimistic, as several vaccines have been approved and, across the DC area, many people… Read More »
You Might Qualify for a Targeted EIDL Grant, but Applying for One Will Not Help
Waiting, uncertainty, and making decisions based on “what ifs” have taken up a large percentage of small business owners’ time during the COVID-19 pandemic. So much depends on what the federal government decides about the next short-term solution to the economic instability brought on by the pandemic. As more and more people get vaccinated… Read More »
Uncertainty Over PPP Loan Forgiveness Is Disruptive to Everyone, Not Just Loan Recipients
Whether or not you own a small business, you are probably very relieved that 2020 is over, and you probably can’t wait to get started on your plans for 2021. In 2020, business owners and employees alike were in survival mode, making the best decisions to get them through the next few weeks, with… Read More »
Should Your Business Go into Hibernation for the COVID-19 Winter?
Some businesses have hibernation (or estivation, as the case may be) built into their business model. The ice cream parlors and fudge shops in seaside towns virtually anywhere north of Ocean City are only open in the summer. Likewise, ski slopes are only open in the winter, as are glass-roofed hotels in Arctic regions… Read More »
New Years Resolution: Read Several Drafts of a Business contract Before You Sign
We have finally made it to the end of 2020, and 2021 promises to be a new beginning with new opportunities. An identifying characteristic of successful entrepreneurs is that they see challenges as opportunities; when they see a need, they find a way to meet it. It is too soon to know what they… Read More »
Every Day Is Tax Season for Small Business Owners: Business Tax Advice for the Holiday Season
Everywhere you go, which in the age of COVID-19 means every website you visit, you find people lamenting about how different this holiday season is from any other you have experienced. No multigenerational Thanksgiving dinner. No Black Friday crowds. No Secret Santa gift exchanges at the office. If you are a small business owner,… Read More »
Heated Tables for Outdoor Dining: How to Spend Your Winter Ready Grant Money
New cases of COVID-19 are surging in the Washington DC area and just about everywhere else, now that the weather is getting too cool for outdoor recreation to be practical. Meanwhile, pandemic fatigue is real, and it may be another factor contributing to the surge in new COVID-19 infections. After quarantining all summer and… Read More »
