Ortiz said, “So, we are all about letting people keep more of their own money, which means the payroll tax cut, on both sides. And we’re very surgical, even, in our recommendation on this, is that we say, let’s focus on those companies that are 100 employees or less. And let’s give that tax cut relief to both the employer and the employee. We’re covering about 98.3% of small businesses –would be covered with that kind of a surgical payroll tax cut. And we think it’s significant. And it’s really not a stimulus check. … This is just letting more of people, whether you’re an employer or an employee, keep more of their own money. And it’s a very efficient way of doing it. Because you don’t have to send it to the government so that they send it back to you and you lose 20 to 30% of those dollars just in overheads related to that. So, we’re all about the payroll tax [cut].” … [Read more...] about Alfredo Ortiz: We Need a Targeted Payroll Tax Cut in Next COVID Bill
Small business tax cuts
During an interview aired on Friday’s broadcast of the Fox Business Network’s “WSJ at Large,” White House Economic Adviser Larry Kudlow stated that he believes President Trump’s economic agenda for his second term will include “additional tax cuts,” and floated capital gains tax relief, capital gains tax holidays, and “assistance” for lower income earners as possible agenda items. Kudlow also re-iterated Trump’s stance that he won’t sign another economic stimulus bill unless it includes a payroll tax holiday, which he characterized as an “appetizer” before the campaign and vowed that there will be “much more” deregulation. … [Read more...] about Kudlow: ‘I Think You Will See Additional Tax Cuts’
Why? Because they had cash reserves, lines of credit and other resources. They’re located in areas not hit as hard by the pandemic. They have low overhead. Their supply lines and customer channels are diversified. Or they simply lucked out and weren’t forced to shut down. “We’re an essential business, so we’ve just been working through this,” one client told me. Many other clients and business owners I work with have reported the same. These times are tough, but they’re still selling. … [Read more...] about If small businesses are suffering so much, why is $130 billion in Paycheck Protection money still available?
The HUBZone program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. As a HUBZone certified company with a Small Disadvantaged Business designation, Potawatomi Training now has access to federal set-aside and sole source contracts, which in turn advances the federal government’s effort to spur economic growth in certain areas. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. … [Read more...] about Potawatomi Training Awarded HUBZone Certification from the Small Business Administration
Sattui opened Castello di Amorosa in 2007, 13 years after construction had first begun. It’s possibly Napa Valley’s most architecturally distinctive winery: Modeled on a 13th century Tuscan castle, the winery includes a moat, drawbridge, armory and even a torture chamber. He imported hundreds of containers of antique building materials from Europe to construct it. … [Read more...] about Napa vintner Dario Sattui pledges to return $1.2 million small-business loan