Missouri Tax and Business Blog

This blog focuses on a variety of issues affecting individuals and small businesses. Topics for individuals include taxes, identity theft, security among other relevant issues. Small business owners can see topics about taxes, tax planning, marketing and other business issues/topics.

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Posts about Small Business

26 February 2021

Mom & Pop Businesses Move to Front of the Line for PPP Loans

At the direction of the White House and effective on Wednesday, February 24, 2021, the SBA will establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021. In addition, these small businesses will be able to base their loans on gross income.

David M Robson

Marketing, Articles, advertising

24 February 2021

March 2021 Due Dates

Just a few dates in March to keep in mind.

David M Robson

Marketing, Articles, advertising

21 February 2021

What Is a Joint Venture?

When multiple business entities make a decision to start a new business together as a cooperative arrangement, they form what is known as a joint venture.

David M Robson

Marketing, Articles, advertising

11 February 2021

Employee Retention Credit Extended

In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020.

David M Robson

Marketing, Articles, advertising

09 February 2021

Interaction between PPP Loans and the Employee Retention Credit

The Consolidated Appropriations Act, 2021 included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was ineligible to claim the ERC.

David M Robson

Marketing, Articles, advertising