SMALL BUSINESS ROUNDTABLE HELPS MANY
Are you worried about getting your loans/grants? Am I the only one? How are you handling your employees? When can we open? What do I do about my taxes? My kids are driving me nuts-how are you handling home schooling and work at the same time?
Please join our weekly Business Roundtable and meet other businesses owners and professionals who are struggling with the pandemic…just like you are. Share some success stories, ask others how the loan process went, ask for advice-or give it. To date these meetings have been very useful and people leave with less stress and a direction they may not have had. Anyone can join, you do not have to be a member of the Chamber.
Tuesdays at 10:00
You have to go to WindhamChamber.com to register for the event for security reasons.
IRS WEBINAR ANSWERS YOUR TAX QUESTIONS
Is my $1200 or $600 taxable? Is my loan or grant taxable? Can I get tax relief?
These questions and more will be answered at this webinar by Nancy Feliciano, IRS Stakeholder Liaison, Area 2. Register for the free webinar at WindhamChamber.com.
VETERANS WILL NOT NEED TO FILE ANYTHING TO GET $1200 PAYMENT
Veterans and their beneficiaries who receive Compensation and Pension (C&P) benefit payments from VA will receive a $1,200 Economic Impact Payment with no further action needed on their part-they do not have to file anything. Timing on the payments is still being determined.
CHILD DEPENDENTS PAYMENTS
If you filed taxes in 2018 or 2019 your $1200 will be automatic AND your $500 per dependent child will be automatic. If you are receiving benefits (VA, Social Security, Railroad Retirement, SSI) you will get your $1200 automatically. However, if you have a child dependent under age 17 you will need to file in order to get the additional $500. Your is automatic but theirs is not. File for your dependent payment here: “
Non-Filers: Enter Payment Info
Indications are that the forthcoming deal contains a new round of $300 billion to restart the SBA’s Paycheck Protection Program – more than what was originally being proposed – and $60 billion for the SBA’s Economic Injury Disaster Loan Program, which was due to receive no additional funding in the original proposal.
The new deal also reportedly includes $75 billion in new funding for hospitals, nurses, and doctors, and $25 billion to expand COVID-19 testing efforts – neither of which received any additional funding in the original proposal.
STATE PARTNERING WITH SOFI & EQUIFAX TO GET THEIR BRIDGE LOANS PROCESSED AND DISTRIBUTED:
The State’s DECD is hoping that they will be able to process and start distributing their Bridge Loan funds April 30.
NEWS FROM OUR MEMBERS