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How to claim tax credits and deductions for your small business


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Small businesses can take advantage of both federal aid under the CARES Act and certain tax deductions.
Businesses may now have PPP loans forgiven and also claim the employee retention tax credit.
The energy-efficient building deduction and work-opportunity tax break have been extended.
Congress passed regulations in December that made several changes to business tax deductions and incentives. They aren t only in favor of big companies and corporations small business owners can take advantage of these just the same. 
One of the major changes brought by the Consolidated Appropriations Act is that businesses borrowing through the Paycheck Protection Program (PPP) are now allowed to both receive a loan and claim the employee retention tax credit. Under the original ....

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What moms and entrepreneurs with children need to stay in business


Courtesy of Bare Bar
Ashlie Ordonez is one of many female business owners who care for young children.
A new report highlighted how women like Ordonez were affected by the pandemic. 
Experts and female business owners with kids say the government needs to raise benefits awareness.
Right before Christmas, Ashlie Ordonez sold her wedding ring. The mother of five hoped the $12,000 would keep her business afloat for a bit longer, despite what it cost her emotionally.  
I came from a trailer park, and I had a $12,000 ring on my hand, Ordonez, who owns the spa Bare Bar in Denver, said. Since she launched the business in 2020, she doesn t qualify for Paycheck Protection Program loans.  ....

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