COVID-19 ALERT: RMA Launches Retail Relief 2020April 08, 2020
Thumbs up to the Retail Merchants Association for announcing a special program to benefit the RVA small business community. Branded as “Retail Relief 2020”, RMA is offering free membership to all local retail businesses for the next six…
What is an EIN Confirmation Letter and How Do I Get One?April 07, 2020
Millions of small business owners are currently applying for loans in one of the new SBA emergency loan programs related to the COVID-19 crisis (e.g., EIDL and PPP loans). Apparently, one of the due diligence documents lenders are asking loan…
Notifying the IRS of a Business Name ChangeApril 06, 2020
Every business has a name, and sometimes, for various reasons ranging from a rebranding campaign to a change in ownership, the name changes. If the business operates through a legal entity, such as a Virginia LLC, then an it changes its name…
Helpful Guidance for Employers Addressing Form I-9 Compliance Questions During COVID-19 PandemicApril 03, 2020
The Department of Homeland Security (DHS) granted a temporary lifeline to employers struggling with I-9 compliance logistics while operating remotely.
Believe it or not, while millions of small businesses are having to cut staff, there are…
Support Your Local Newspaper!April 02, 2020
I’ve been an RTD subscriber since moving to Richmond in 1996, and while I did convert to a digital subscription last year, I continue to enjoy the RTD and appreciate its value to the RVA community. It appears they are currently running an…
Overview of the CARES Act: Titles I and IIMarch 31, 2020
The President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020. Title I of the CARES Act, the Keeping American Workers Paid and Employed Act, expands both the Small Business Administration's (SBA) Section…
Update for Virginia Small Business Owners on SBA EIDL Loan ProgramMarch 30, 2020
The Virginia Small Business Development Center (SBDC) Network has 27 local centers across the state. You can get free help from SBDC professional business advisors by clicking here. Please contact them directly to schedule a phone call or virtual…
Tough Decision for Small Biz Owners – Do I Downsize My Staff Now or Wait?March 26, 2020
As perhaps an unintended consequence of the emergency legislation passed by Congress last week, many small business owners might conclude that they need to rush formal termination notices to their employees before April 1, 2020.
The Families…
A Few Resources for Small Business COVID-19 ReliefMarch 25, 2020
As we all brace for the full impact of COVID-19 to hit the United States and the economy, here are a few resources for small business owners to consider exploring:
Small Business Administration Economic Injury Disaster Loan Program. The SBA…
One Million Cups Zoom Session: Coronavirus 2019 (COVID-19) Rapid Response on Wednesday, March 25 at 9:00 amMarch 24, 2020
The Coronavirus Disease 2019 (COVID-19) has now affected all of us in numerous ways, from the interruptions to our daily routines, to fears of contagion; from our concern for the medical professionals on the front lines, to escalating our sanitation…