Small Business Relief Grant
Relief, Grants and Loans Consulting
The COVID-19 pandemic has created great uncertainty for many small businesses—including around the government benefits available, how they may be used, how to document them, and how they affect your taxes.
AG FinTax has worked quickly to become an expert in the field of COVID benefits and planning, and can help you access the many government benefit programs that can help boost your business.
The Benefits Of Outsourcing Relief Consulting Services:
Common Mistakes Made With PPP Loan Forgiveness:
- Missing eligibility requirements, resulting in rejection
- Requesting forgiveness too late and missing out on benefits
- Ignoring recent changes and missing exceptions for small businesses
When You Hire A Professional To Handle Relief Consulting Services:
- Borrowers can apply for PPP loan forgiveness after spending all requested funds if they are within 10 months of the last covered day.
- There are a few requirements for PPP loan forgiveness—first, a business must employ a full-time staff. Second, the business’ payroll must remain the same with no changes in wages.
- Although the eligibility for PPP loan forgiveness changed by the end of 2020, small businesses may still benefit from the changes if the funds were granted before the changes.
Services we offer:
- ERTC Services
- PPP loan forgiveness
- EIDL grants
- The $1.5 billion grant program for live venues, theaters, museums, and zoos
- The extended and improved Employee Retention Credit
- The Families First Coronavirus Response Act (FFCRA) tax credits
- The $1.9 trillion American Rescue Plan
- The Restaurant Revitalization Fund grant applications
How To Know If Outsourcing Your Relief Consulting Services Is The Right Call:
You Want Help Receiving The Most Benefits Available.
With all the different benefit options, including PPP loan forgiveness, EIDL grants, Employee Retention Credit, FFCRA tax credits, and more, it can be easy to feel at a loss without direction. Our experts can help you walk through the different options and even file them for you, so you can rest assured that you’re receiving all the benefits available to you.
You Need To Focus On Rebuilding.
For small businesses hit by disasters, many owners will be challenged with rebuilding their business, and that leaves little time for studying taxes and evaluating the different relief options available. By consulting with our experts, you’re able to spend less time studying and more time restoring your business.
You’re Worried About Making Mistakes.
Mistakes are costly—applying to the wrong relief plan would mean you must start from the beginning, and incorrectly filing for the benefits could result in rejection. However, both outcomes can be avoided by consulting with our professionals.
It is inevitable that many disasters, such as pandemics, market crashes, or natural disasters, can hurt your business. Luckily, loans and grants can provide relief as you and your business recover. But navigating the tax planning process for accepted loans and grants can be difficult.
In times of unprecedented crisis, AG FinTax is equipped and motivated to help small business owners receive the aid they need. Whether it’s an RRF grant application, PPP loan forgiveness, or tax credits for your employees’ paid leave, we’re here to ensure that you receive the maximum benefit while avoiding common mistakes in documentation that could cost you greatly. That way, you can focus on recuperating and rebuilding without worrying about micromanaging your taxes.
Helpful Resources
When Your Income Is Subject to Self-Employment Taxes
If you own an unincorporated business, you likely pay at least three different federal taxes. In addition to federal income taxes, you must pay Social Security and Medicare taxes, also called the self-employment tax. Self-employment taxes are not insubstantial.
Four Insights into the PPP Loan and Its Forgiveness
Good Faith at the Time Question: What are your thoughts on the repercussions for business owners who acted in good faith based on the information available at the time and are now left to do things that may be more questionable
TCJA: Don’t Lose Out When Corp. Vehicle Is in Your Personal Name
Do you operate your business as an S or a C corporation?
Do you drive a vehicle titled in your personal name for corporate business?
Beware. The Tax Cuts and Jobs Act (TCJA) changed the rules for tax years 2018-2025.
Before the TCJA, you had to pay attention to the use of your personal vehicle for corporate business in order to avoid losing deductions to the 2 percent miscellaneous itemized deduction rule and the alternative minimum tax.