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NJ Small Business Lease Emergency Assistance Grant Program

Governor Phil Murphy and Lt. Governor Sheila Oliver recently announced $5 million in funding for Phase 2 of the Small Business Lease Emergency Assistance Grant Program. This commercial rent relief program grants up to $10,000 for COVID-impacted small businesses and nonprofits located in NJRA’s 66 legislatively designed communities. From today at 9am you can apply

By |2021-02-22T19:26:30+00:00February 22nd, 2021|Categories: Business|Tags: , , , , |

Second Phase of NJEDA Small Business Emergency Assistance Loan Program

The New Jersey Economic Development Authority (NJEDA) today announced it will open pre-registration for Phase 2 of its Small Business Emergency Assistance Loan Program at 9:00 a.m. EST on Wednesday, February 10, 2021. The $10 million program expansion will support New Jersey small businesses and nonprofits impacted by the COVID-19 pandemic. Eligibility - To be

By |2021-02-01T18:19:19+00:00February 1st, 2021|Categories: Business|Tags: , , , |

DoorDash funded a $500K grant program for N.J. restaurants

Information from the article (link below). The application information will be available by Feb 1, 2021 at https://www.njrha.org/ New Jersey restaurants can apply for grants between $2,500-$5,000, thanks to a grant program funded by DoorDash and administered by the New Jersey Restaurant & Hospitality Association. DoorDash announced Monday it is donating $500,000 to the NJRHA to

By |2021-01-25T23:19:34+00:00January 25th, 2021|Categories: Business|Tags: , , , , , |

1099 – Payments to third parties (no w2 employees)

IRS Guidance This year the deadline for 1099 is February 1, 2021. Note that you can still release 1099 after the deadline but there might be penalties associated with the filing. The 2020 tax year brings a new form. Form 1099-NEC is for tax year 2020 for nonemployee compensation of $600 or more to a

By |2021-02-01T19:17:08+00:00January 14th, 2021|Categories: Business|Tags: , , , , , , , |

NJ Tax Relief for Business Owners in 2020 Taxes

NJ Tax Relief – Business Alternative Income Tax (BAIT) New NJ Law Permits State Income Tax Deduction Under Certain Circumstances Using Pass-through Entities. If you have NJ income, and a partnership, LLC or S-Corp, we recommend discussing with your accountant how to take advantage of this new law. New Jersey recently enacted the Pass-Through Business

By |2021-01-23T18:06:47+00:00December 3rd, 2020|Categories: Business|Tags: , , , , , |
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