Ted Talks Taxes: Support for Small Businesses

Ted Phillips, The Del Ray CPA

(571) 312-1169

FAX (571) 227-7907

Ted@TheDelRayCPA.com

114 E. Randolph Avenue

Alexandria, VA 22301

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Assistance for Businesses in Alexandria and Beyond

For my clients who own a small business in the city of Alexandria, a round of COVID-19 relief grants will soon be up for grabs as part of the Alexandria Back to Business Program (ALX B2B), with the application period opening on Wednesday, September 30th at 8:00 AM and closing on Monday, October 5th at 12:00 PM. Grants will range from $5,000 to $20,000.

Your business is required to have opened before March 14, 2020, to have been significantly impacted (at least 25% negative revenue impact) by the pandemic, and to be a for-profit, locally owned small business with under 100 employees.

For complete eligibility requirements, and to apply starting Sept. 30th, visit the ALX B2B Program website.

I know that a lot of my clients who are self-employed and small business owners might be in difficult financial straits right now. I encourage you to reach out to your state chambers of commerce and local economic development departments to learn what COVID-19 related financial aid is available to you. For example:

Virginia small businesses can receive relief from Dominion Energy for unpaid electricity bills.
Indiana provides a comprehensive list of resources and available programs, including a state Small Business Restart Fund, which businesses that did not receive a PPP loan can still apply for through Sept. 30, 2020.
Maryland created a special "relief wizard" website that will ask a few preliminary questions about your business, and let you know what federal and state assistance programs are available to you.

Contact the office if you would like to start securely sending documents using our client portal: email Shannon@TheDelRayCPA.com

Link to Document Portal