Posted on December 31, 2020. Written by GPW
On November 30, 2020 Governor Gavin Newsom announced the creation of a $500 million Covid-19 Relief Grant for small businesses that have been impacted by covid-19.
$500 Million in Covid-19 Relief Grants for Small Businesses
There will be two rounds of funding,…
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Posted on December 31, 2020. Written by GPW
California has multiple resources for small businesses impacted by Covid-19 including the following:
Extensions, Tax Relief, and Credits
Extended filing Deadline
The California Department of Tax and Fee Administration (CDTFA) is providing a three-month extension for individuals and…
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Posted on December 30, 2020. Written by GPW
Under the CARES Act, the amount of Paycheck Protection Program (PPP) loan forgiven is excluded from gross income. On May 2, 2020 the Department of the Treasury and the IRS released Notice 2020-32, which clarified that no deduction would be allowed for expenses paid…
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Posted on December 7, 2020. Written by GPW
Under the CARES Act, the amount of Paycheck Protection Program (PPP) loan forgiven is excluded from gross income. On May 2, 2020 the Department of the Treasury and the IRS released notice 2020-32, which clarified that no deduction is allowed for expenses paid from…
Read More