*This is an open discussion for questions and comments leading up to tonight's debate to specifically discuss small business issues. Once the debate starts, continue the conversation by letting us know what you think of any small business issues or recovery proposals that may be discussed in real-time.
For those interested in watching the debate online, you can view it on PBS by clicking this link here.
Disclaimer: Please note that Small Business Majority is a 501(c)(3) organization. For election purposes, this means Small Business Majority does NOT directly or indirectly participate in, or intervene in, any political campaign on behalf of (or in opposition to) any candidate for elective public office.
During tonight's presidential debate, many of the issues discussed will likely focus on COVID-19 and the U.S. economy as a whole. With small businesses playing an enormous role in both of those topics, what issues or questions do you want to hear addressed on the stage tonight?
I had a small business owner forward an email from "SBA" stating "I’m a Special Agent with the U.S. Small Business Administration, Office of Inspector General. We investigate crimes against SBA programs. I understand that your information may have been shared with a company out of Utah without your permission. Please contact me at the number below to further discuss."
Please be careful as this is scam for the following reasons:
1) It wasn't the correct SBA logo
2) They won't be providing their cell number for you to call back
3) I could not find their name anywhere on the internet
If you come across this in the near future, please file these scams so that other small business owners don't fall into this trap:
Unfortunately, this is a prime example of people taking advantage of our small business owners at a time where they are desperate for information and help. Please reach out to us if you have uncertainty about someone reaching out and asking for your information.
I'm a sole proprietor and have no employees or subcontractors. My most recent contract with a client terminated on Feb. 19. I have been looking for new clients, but it's very unlikely I'll find anything. I registered for unemployment on 3/19/20, declaring I was applying due to Coronavirus, and on 3/30/20 I received a response email from the EDD that I don't qualify for any benefits because I'm self-employed, but they still provided me with the obligation to report my work search. Then on 3/31/20 the CARES act came out. Now it seems like I may qualify for PPP, but I've been told during the webinar that I would not be able to register for both. So, first, which one would offer me better benefits? And, second, if PPP offers better benefits, what steps do I take to close my registration as unemployed and then register for PPP? I don't want to start my PPP application late, but also don't want to weave a tangled administrative mess that could delay provision of benefits.
For the inaugural Community Digest and Discussion, we have chosen an article that highlights 10 suggestions that small business owners should be aware of when filing their taxes. Please take a look at the article and let us know your thoughts. Do you have any other useful tax tips for your fellow small business owners? Let us know!
Take Advantage of Overlooked Business Deductions – Read These 10 Suggestions
Small Business Trends
March 29, 2019
Business owners know that most of their expenses are deductible. But it might surprise you to learn how many leave money on the table by not claiming all allowable write-offs.