![Important Tax Dates for Small Businesses [2021]](https://www.southernpb.com/wp-content/uploads/2021/07/Important-Tax-Dates-for-Small-Businesses.png)
This was definitely an interesting year for taxes. We saw everything from tax extensions and exemptions, to small business loans and stimulus checks. However, this effort to help people and small businesses through the pandemic has brought implications for filing taxes this year. Here we take a look at the important tax dates for small […]
How To Obtain Small Business Tax Deductions
One of the easiest ways of lowering your income tax bill is to claim all of the possible tax deductions for your small business. What is a tax deduction? A tax deduction (also known as a tax write-off) is a business expense you can deduct from your taxable income. You take the amount of the […]
SBA Faces Backlash Over The Restaurant Revitalization Fund
The Small Business Administration (SBA) reported more than 266,000 applications have been received for the Restaurant Revitalization Fund (RRF). More than $65 billion has been requested for funding, however, only $29 billion was allocated. Nearly half of the applications have come directly from women, veterans, and minority business owners. This has left hundreds of thousands […]
Discover How To Apply for the Restaurant Revitalization Fund in Chattanooga TN
Discover How To Apply for the Restaurant Revitalization Fund in Chattanooga TN The new Restaurant Revitalization Fund, part of the recently passed American Rescue Plan Act, will provide $28.6 billion in grants to restaurants and bars in need. Currently, the SBA is not accepting applications for RRF. However, you can prepare your application by reviewing […]
Outsourcing Payroll Services in Chattanooga
Outsourcing Payroll Services in Chattanooga There are so many moving parts to running a business. Inventory, scheduling staff, branding, marketing strategies, product development, etc. That is only naming a few areas that a business owner must be on top of when creating an excellent environment for staff, management, and most importantly, customers. Then of […]
PPP Extended: What this means for you
A bill to move the Paycheck Protection Program (PPP) application deadline from March 31 to May 31 won approval in the U.S. Senate last Thursday. In short, this bill extends the filing deadline for PPP applications by 60 days and provides an additional 30 days for the SBA to finish processing applications received by May […]
Filing for Paycheck Protection Program forgiveness?
In this article we dive into all the specifics regarding PPP Loan forgiveness and we will continue to advocate on your behalf for forgiveness applications. As the economic consequences from the pandemic continue, we are pressing for more aid at every level of government, especially during this stage when businesses are required to restrict activities. […]
Chattanooga Tax Preparation Services
Chattanooga Tax Preparation Services It is tax time. Now is a great time to get some help with your taxes. Yes, it is true. Don’t be in denial, it is that time of year again, Tax Season. Once the ringing in of the New Year is over, the confetti is cleaned up, and all party hats are […]
The Importance of Closing Your Books Monthly
Closing your books every month is an essential part of running a business. Why? It regularly shows you your business’s financial information, explains what areas need to be improved upon, and is all around a great practice to stay in line with financial honesty and accountability. It can also help you make decisions about future […]
Everything You Need to Know About PPP Round 2
After months of logjam from Congress on a possible stimulus deal to prevent Americans from experiencing a potentially catastrophic and prolonged recession, it appears there may be some light at the of the tunnel. Earlier this week, a proposal was put forth by centrist members of Congress for a $908 billion dollar stimulus package. I […]
