Additional Funding Available to Phase 4 Grant Program from NJEDA
New Jersey will allocate an additional $235 million in grants to relief programs for small businesses impacted by COVID 19 available through Phase 4 of the Small Business Emergency Grant Program. State officials hope the additional funding will fulfill all eligible pending Phase 4 small business grant requests. EDA will begin accepting applications for the extended Phase 4 in the near future. Read about it here
More Assistance to State & Local Government from American Rescue Plan
American Rescue Plan: The Coronavirus State and Local Fiscal Recovery Funds Will Deliver $350 Billion for State, Local, Territorial, and Tribal Governments to Respond to the COVID-19 Emergency...Click Here For Details
News from the IRS
IRS provides guidance for employers claiming the Employee Retention Credit for first two quarters of 2021. Read about it here.
If you would like further details, you can read this article from Withum
Employers (and the self-employed) can apply for tax breaks on employee leave for COVID related vaccinations. This refundable tax credit is available to employers who grant paid time off to receive or recover from the vaccine. Read the IRS Facts Sheet here.
IRS/SBDC Event - Hearing All Voices - June 22nd, 2021: Small Business Workshop & Listening Session (Free) - opportunity to provide input and feedback directly to IRS senior leaders...Click Here For Details
National Small Business Month
N.J. drops $100 fee:In recognition of National Small Business Month, state Treasurer Elizabeth Maher Muoio announced that the $100 filing fee to become certified as a Small-, Minority-, Woman- or Veteran-Owned Business Enterprise is being waived indefinitely.
NJ's 2022 Plastic Carryout Bag and Polystyrene Foam Ban Countdown
Counting Down to NJ's 2022 Plastic Carryout Bag and Polystyrene Foam Ban: New Jersey businesses can start preparing now for implementation of a new law, which takes effect May 4, 2022, which ends the use of single-use plastic carryout bags and...Click Here For Details
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