Governor Larry Hogan today announced the $250 million ‘Maryland Strong: Economic Recovery Initiative,’ which will provide funding from the Rainy Day Fund to directly assist restaurants, small businesses, local entertainment venues, arts organizations, and Main Streets across the state. The initiative doubles the state’s total commitment to COVID-19 emergency economic relief for Marylanders to $500 […]
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Additional Funding Available through COVID-19 Layoff Aversion Fund
Governor Larry Hogan and the Maryland Department of Labor have announced additional funding is available beginning Wednesday, October 28th through the successful COVID-19 Layoff Aversion Fund, which is designed to support small businesses undergoing economic stresses due to the pandemic by preventing or minimizing the duration of unemployment resulting from layoffs. The award (up to […]
Harford County Grants
Small Business Relief and Business Owner Assistance are still available if you did not apply previously. https://www.harfordcountymd.gov/2880/COVID-19-Business-Relief-Grants Winter Restaurant Relief Grant New Restaurant Relief Grants now available even if you already received another Harford County Grant. http://www.harfordcountymd.gov/2879/Restaurant-Relief-Grant
Baltimore County COVID-19 Small Business Restaurant Reimbursement Program
Eligible businesses can apply thru Monday, November 16 to be considered for the funding. https://www.baltimorecountymd.gov/departments/economicdev/covid19-assistance/restaurantreimbursement.html
Paycheck Protection Program Loan Forgivenss
For Borrowers Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8- or 24-week period after disbursement. A borrower can apply for forgiveness once it has used all loan proceeds for which […]
Five Investment Tasks to Tackle by Year-End
Market turbulence in 2020 may have wreaked havoc on your investment goals for the year. It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether adjustments are needed to keep it on track. Now is a good time to take on these five year-end investment tasks. 1. Evaluate Your Investment […]
Is It Time to Think About Tax-Free Income?
Federal and state governments have spent extraordinary sums in response to the economic toll inflicted by the COVID-19 pandemic. At some point it is likely that governments will look for ways to increase revenue to compensate for this spending and increase income taxes as a result. That’s why it might be a good time to […]
Medicare Open Enrollment for 2021 Begins October 15, 2020
The annual Medicare Open Enrollment Period is the time during which Medicare beneficiaries can make new choices and pick plans that work best for them. Each year, Medicare plan costs and coverage typically change. In addition, your health-care needs may have changed over the past year. The Open Enrollment Period — which begins on October […]
No PPP Loans Today, but You Can Still Get $150,000 from the SBA
Can your business use an infusion of cash to deal with losses caused by the COVID-19 epidemic? The hugely popular federal Payroll Protection Program (PPP) loan program that paid forgivable loans to millions of businesses ended on August 8 (although it could come back in revised form). But you can still obtain a low-interest Emergency […]
PPP Update: Two New Rules for Owners of S and C Corporations
The Payroll Protection Program (PPP) rules—they keep a-changin’. During the past month, the Small Business Administration (SBA) issued a new set of frequently asked questions (FAQs) and a new interim final rule, which in combination create the following good news for the Payroll Protection Program (PPP): More forgiveness. The $20,833 cap on corporate owner-employee compensation […]
