From the Central Virginia Small Business Development Center



September 20, 2023

Eggs & Issues Legislative Breakfast

SWaM Certification Webinar

Region 9 Internship Collab

LaunchPad with Charlottesville City Market

Upcoming Webinars

Find past CV SBDC Newsletters

SMALL BUSINESS NEWS

From our friends at Hantzmon Wiebel: UNICAP Rules

Sec. 263A, also referred to as uniform capitalization or UNICAP, requires eligible businesses to capitalize, rather than currently deduct, certain direct and indirect costs related to producing, acquiring, improving, and holding property to sell. This means these costs must be spread out over time rather than reported as a current expense.

For more information contact your tax professional.

20-minute online course to help federal contractors comply with their equal employment opportunity obligations

Covers changes to the scheduling letter, clarifies requirements, and explains new requests for information.The updated scheduling letter applies to supply and service compliance reviews scheduled on or after August 24, 2023.

Beneficial Ownership Info Reporting effective 1/1/24

A final rule implementing the beneficial ownership information reporting requirements of the Corporate Transparency Act (CTA) was issued in September 2022. These regulations go into effect on January 1, 2024. Beneficial ownership information will not be accepted prior to January 1, 2024. FAQ can be found here.

IRS Warning about Employee Retention Credit

ERC is on hold due to overwhelming issues with ERC scams.

Want to hire interns but don't know where to start? Virginia helps with job posting, hiring, and provides matching funds!

FUNDING OPPORTUNITIES

Rural Microentrepreneur Assistance Program

The U.S. Department of Agriculture is accepting applications for loans and grants to help rural small business owners and microentrepreneurs expand access to new and better markets for their products and services.

Marketing Match Grant

(VTC) Microbusiness Marketing Leverage Program Open: August 22 - September 28, 2023. Reimbursable grant program to leverage existing marketing funds. Requires a targeted and research-based marketing plan.

Need help putting together your application?

Reach out to the CV SBDC team to meet with a business advisor!

contact@cvsbdc.org | 434-295-8198

Certification as a Small, Women and Minority (SWaM) owned business may give you a competitive edge. Attend this seminar to learn more.

Presentation by Virginia's office of Small Business and Supplier Diversity (SBSD)

Webinars from the Virginia SBDC Network

Eggs & Issues Legislative Breakfast

Sep 27 | 8 - 10:30 AM

In Person (Charlottesville) - to discuss legislative issues for business owners

Central Virginia SBDC

Your Partners in Business:



​Supporting Small Business - from Startups to International Expansion

Serving the City of Charlottesville and the Counties of Albemarle, Culpeper, Fluvanna,

Greene, Louisa, Madison, Nelson, Orange, Rappahannock.

Meet With Us

The Virginia SBDC Network is funded in part through a cooperative agreement with the U.S. Small Business Administration, George Mason University‐Mason Enterprise, and local host institutions. The Virginia SBDC is nationally accredited by America’s SBDC.