Welcome to the first newsletter for small businesses— bookkeeping and accounting tidbits and information on related topics. This newsletter will have information that could pertain to your business in terms of bookkeeping, change in important income tax laws, and of course general accounting. This will be a natural extension to the podcast.
Click on the above image to listen to this recent episode.
Tell your friends about the pod, if they want to learn something about running a small business, bookkeeping or accounting or they are already a bookkeeper or an accountant — have them join our community! As I find them, I’ll post some useful links here.
First up: Grants for Small Businesses
If your business is in startup mode, especially, but not exclusively — I found some links to websites that will give you a list of searchable grants for your business.
Not everyone knows that the US Government gives money away every year to small businesses that do not have to be paid back.
They are grants to help small businesses grow.
👉🏽 Click here for Government Grants for Small Businesses.
Grants and Loans - What's the difference?
A loan has to be paid back, but a grant doesn’t, although it counts as income when taxes are done by your accountant.
More loan and grant websites
The SBA (Small Business Administration) also has low interest loans for Businessess The ‘EIDL’ low cost loans during the pandemic came from the SBA. Since the loan has to be paid back in 20 years at a 3.75% interest, the payments are affordable.
There are also local chapters of the SBA — Just one example here. If you need a low interest loan, see if there is a local SBA office in your city or state.
Grants for very specific groups of business people If you look hard enough, you can find grants for every group of people/business owners there are. Here’s just one.
How to Identify and Apply for Small Business Grants Here’s a website that can help you apply for small business grants
For NYC Business Owners Accompany Capital helps NYC immigrants with businessess with low cost loans and they work with the SBA. (But not exclusively immigrants) and also has webinars (I teach some of them) helping small businessess.
Also for NYC Business Owners BOC network helps businessess grow with loans as well as webinars (I teach some of them) helping small businessess.
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If you are interested in the owls, let me know.
See you soon for our next Bookkeeper’s Corner!
Your bookkeeping mensch,
Paul