Business Grant For Local Businesses
Businesses struggle to keep afloat while still trying to keep the business going. There is a Government stimulus credit that can produce a rebate. This rebate is not a loan and can be used as the owner see fit.
The IRS provides a business tax refund credit for the years 2020 & 2021. The credit is limited to $10,000 in each year for businesses with less than $120,000 in total receipts (gross sales) in the tax year. Because of the limitations, many small low gross revenue businesses have difficulty finding an accountant who will make their return on contingency.
A small business owner and their family struggle to keep the business afloat while trying to survive. There is a government stimulus credit available for the years 2020 & 2021. This credit can produce a rebate that can be used to pay the bills or even take a much-needed vacation. The rebate is not a loan and there are no strings attached. The credit is designed to help small businesses get back on track.
The business owner will need documentation from the IRS to prove that they have had a substantial loss over the last 2 years as well as proof of employment, income, and other assets. If you qualify for this credit, you will receive a refund check within 6-8 weeks of filing your tax return. The amount of the refund varies depending on your circumstances but it could be as much as $10,000 per year.Read More