Upcoming

  • Update on COVID-19 Related Tax Relief: Employee Retention Tax Credit (May 12, 2021)

    Wednesday, May 12, 2021
    1:00pm – 2:00pm PDT

    Register: https://us02web.zoom.us/webinar/register/WN_L_rYvyDMSoSW7yWy9Tvlsw 

    Join us for updates on these two important tax credit programs.

    • The Employee Retention Credit (ERC) encourages businesses to keep employees on their payroll. As a result of the new legislation, eligible employers can now claim a refundable tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees after December 31, 2020, through June 30, 2021. Qualified wages are limited to $10,000 per employee per calendar quarter in 2021. Small employers may request advance payment of the credit (subject to certain limits).

     

    • In its race to get Americans vaccinated against COVID-19, the Biden administration recently announced a tax credit for businesses that give employees time off to get vaccinated. Speakers will review issues of eligibility and how companies and on-profits can apply for the credit.

    Speakers

    Kristina Hudson
    OneRedmond

    Sarah Huang
    Clark Nuber

    Cathye Mason
    IRS


  • Save the date! Update on COVID-19 relief funding (May 20, 2021)

    Save the date

    Thursday, May 20, 2021
    2:30pm – 3:30pm PDT
    Registration information coming shortly!


Past

  • Review of the Restaurant Revitalization Fund Grant Program (Friday, April 30, 2021)

    Applications for the $28.6 Billion Restaurant Revitalization Fund (RRF) opens on MONDAY, MAY 3rd at 9AM PDT. Submissions will be processed in the order they are received, so it is imperative you submit your application at 9am or shortly thereafter.

    View the video, slides, and Q&A transcript  from the webinar that reviewed: who is eligible to apply;grant award priority; how and when to apply; how funds can be used; and how much funding you may be eligible to receive.

    Eligible grant applicants may receive a tax-free federal grant equal to the amount of its pandemic-related revenue loss, calculated by subtracting its 2020 gross receipts from its 2019 gross receipts.

    STEP 1: Register today!

    The RRF Portal is now OPEN register today at restaurants.sba.gov, by inputing a username, password, email address, and mobile phone number.

    If you use Square or Toast as your Point of Sale (POS) system, you do not need to register – these vendors are providing a custom portal to apply. Please reach out to your POS provider for details. Other POS platforms that have an integration tool to expedite your application submission on the SBA’s RRF Portal, include: Clover, Lightspeed/Upserve, NCR (Aloha), Oracle Micros and Heartland.

    How to prepare

    SBA will begin accepting applications via the application portal on Monday, May 3 at 9am PDT. The application portal will remain open to any eligible establishment until all funds are exhausted.

    NOTE: The SBA will accept applications from all eligible applicants, but only process and fund priority group applications for the first 21 days – these are applications where the applicant has self-certified that it is owned by women, veterans, or socially and economically disadvantaged individuals.

    In preparation, qualifying applicants should familiarize themselves with the application process in advance to ensure a smooth and efficient application. In addition to registering at the portal, follow the steps below. If you are working with Square or Toast, you do not need to register.

    • Review the sample application, program guide, and the overview of the application process screen-by-screen
    • You may also want to review the cross-program eligibility chart, on SBA COVID-19 relief options.
    • Applications must be submitted in English or Spanish. The SBA does provide documents in additional languages to help you understand eligibility requirements, fill out applications, and answer frequently asked questions. See the additional languages and materials here.
    • If you have additional questions we encourage you to review the SBA RRF Online Knowledge Base which currently has over 100 FAQs in addition to technical articles program.
    • The SBA’s RRF Call Center Support Number is 1-844-279-8898

     

    Speakers:

    • Janie Sacco, janie.sacco@sba.gov, SBA Message Line: (206) 553-7310, Marketing & Outreach Specialist – Seattle District Office, U.S. Small Business Administration (SBA)
    • Michael Reis, Business Response Team at reSTARTUP425

  • Shuttered Venue Operators Grant, EIDL and EIDL Advance Overview (February 11, 2021)

    This webinar reviews the programs administered by the SBA’s Office of Disaster Assistance, including the Economic Injury Disaster Loan (EIDL) Targeted EIDL Advance Program, and the Shuttered Venue Operators (SVO) Grant program that’s focused on supporting shuttered live venues, theaters, museums, etc. experiencing significant revenue losses.

    Speakers:

    • Mark Costello, mark.costello@sba.gov, Deputy District Director, Seattle District Office, U.S. Small Business Administration (SBA)
    • Cynthia Cowell, cynthia.cowell@sba.gov, (916) 735-1500 ext. 4081, Public Information Office, Field Operations Center – West, Office of Disaster Assistance, U.S. Small Business Administration (SBA)

     

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  • Funding Available Under the Economic Aid Act Including PPP (January 21, 2021)

    The Eastside Recovery Hub’s first webinar of 2021 reviewed the new Coronavirus relief provisions available under the Economic Aid Act, signed into law on December 27, 2020. Topics covered include new SBA Debt relief, updates to the EIDL and EIDL Advance programs, special lending accessibility in the new legislation for certain businesses, updates on the newest round of PPP Loans, and review of the new Shutter Venue Operators Grant Program.

    Speakers:

    • Steve Burke, Washington@wsbdc.org, SBDC Main Line: (833) 492-7232, Western Washington Regional Manager, Small Business Development Center (SBDC)
    • Mark Costello, mark.costello@sba.gov, Deputy District Director – Seattle District Office, U.S. Small Business Administration (SBA)
    • Janie Sacco, janie.sacco@sba.gov, SBA Message Line: (206) 553-7310, Marketing & Outreach Specialist – Seattle District Office, U.S. Small Business Administration (SBA)

     

    WEBINAR RESOURCES

     

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    FREE ONE-ON-ONE BUSINESS ADVISORS:


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photo credits this page: Green Rubino