Within the Information: Biden Units New PPP Mortgage Guidelines for Small Companies

Earlier this week, President Joe Biden put in place new guidelines for the Paycheck Safety Program that provides unique entry to those PPP loans to the smallest of small companies in America.

Beginning on Wednesday, corporations with lower than 20 workers, would be the solely companies allowed to use for PPP loans. This exclusivity lasts for two weeks.

Biden says these small companies have been “muscled out” of the PPP mortgage course of too usually by means of the course of the pandemic. Greater than 5 million small companies nationwide have gotten a PPP mortgage because the program launched in 2020.

That is the second spherical of PPP loans within the coronavirus pandemic.

Along with the 2-week window for these very small companies, there are different new guidelines that permit extra enterprise house owners entry to PPP loans. For extra on this story, try our report from earlier this week: Biden Modifications PPP Mortgage Guidelines to Profit the Smallest Small Companies

Small Enterprise Information Roundup – February 26, 2021

Right here’s a take a look at the remainder of this week’s headlines necessary to small enterprise house owners nationwide:

This Laptop computer Riser Has a Whiteboard Constructed In

With the work at home period exhibiting no signal of abating, there’s a rising demand for workspaces that nurture proficiency and productiveness. Because of this, increasingly more merchandise are coming onto the market geared toward streamlining fashionable workplaces. One such product is called The Elevate.

New Instrument Permits Freelancers to Get Paid Faster and in Native Foreign money

Getting paid for work, or – higher nonetheless – getting paid on time, may be the bane of freelancers’ life. A device due to this fact that guarantees to streamline the cost course of for freelancers is more likely to be greeted with open arms. In walks Accelerated Fee, a brand new device by Stoke Expertise, a number one freelance administration system.

Almost 12 Million Vinyl Information Bought in 2020

Should you thought the pandemic would take its toll on companies like people who promote vinyl data and different music types, suppose once more. In 2020, about 12 million vinyl data bought. This was a part of greater than 16 million items of bodily music bought worldwide. Bodily music witnessed a 40% enhance in gross sales over 2019. This was the discovering of Discogs 2020 Report.

Zoho Social Improves Your Social Media Affect

Social media is without doubt one of the strongest instruments that small companies have to succeed in clients. However with so many platforms, accounts, and methods, managing all of it could seem overwhelming. Zoho Social goals to simplify the method and enhance the affect of social media for small companies. In fact, there are many instruments obtainable to assist companies schedule social media posts.

5 Myths About Extensions for Enterprise Revenue Tax Returns

Companies should file annual federal earnings tax returns by a set due date. For partnerships and S firms on a calendar yr, the deadline is March 15 (e.g., March 15, 2021, for the 2020 return); for calendar-year C firms and sole proprietors, the deadline is April 15 (e.g., April 15, 2021, for the 2020 return).

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