Tax Fact: SBA Loans for suffering businesses
Alakov469

COVID-19 has caused such havoc in our Great Nation. With the request for us to quarantine and for businesses to close down temporarily or cut back on their hours, it has caused a huge amount of stress on business owners and employees. The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of COVID-19. To know more about the SBA visit their website disastercustomerservice@sba.gov. You can apply for assistance online or reach out to us here at Red Rock Tax, we are here to help answer your questions or help you with the online process. The tax deadline has been extended to July 15, 2020. We are still working daily to assist in getting taxes completed. We have amazing technology so we are able to complete that task while keeping our clients and staff healthy. Call us at  435-635-2494 and we can help you with your tax needs. It’s a trying time, we as Americans are facing right now but together we can overcome this. Keep social distancing, support your local businesses and restaurants by ordering online, always wash your hands, and stay home if you’re feeling sick. From all of us here at Red Rock Tax we want to wish you a safe and healthy day!

For more Tax Tips make sure you are following us on Facebook where we post Tax Tips every Tuesday.

Also, find out more about us at www.redrocktax.com

Have any questions, give us a call here at Metro Tax & Financial Services.
We are here to help you get through the stress of taxes!

We offer a free 30-minute consultation so call us and let’s get your appointment set up (928) 680-1444

For more Tax Facts make sure you are following us on Facebook

Click HERE for more Tax Facts and Financial News

Suggested Articles

Tax Fact: Do you need an Accountant?

As a business owner, an accountant can help you handle growth transitions, such as hiring employees or taking on more office space. They'll look after the detail (payroll, employee tax management, property tax, utility payments, and so on), leaving you free to look at...

Tax Fact: About HSA

Tax Fact: Did you know that an HSA (health savings account) can provide some of the best tax-saving benefits? Contributions to an HSA can be deducted from your taxes. You'll need a qualifying high deductible health plan to be eligible to contribute to an HSA, though,...

Tax Fact: Changes to HSA and IRA

Tax Fact: The end of the year is coming up on us fast and that means that tax season is right around the corner. There have been some changes to HSA and IRA contributions. HSA: Contribution limit (employer + employee): 2020: Self-only: $3,550 Family: $7,1002019:...

Tax Fact: Money Facts

Money is always on our minds. It is either, I need to work to get money or I need money to pay bills, buy food, clothing, and housing. So let's learn so interesting money facts..... 1- In 1920, credit cards were first used in the United States2- There are more than...

5 New Year’s Financial Resolutions You Can Actually Keep

Yep, it’s the end of another year! Chances are, you didn’t keep every resolution you made last year, for example, those goals about working out. (No shame here; we all do this!) However, the good news is that your fiscal goals can be a bit easier to...

Tips for Tax Season

Whether you file your income tax return early or at the last minute, there are ways to simplify the process and reduce what you owe – or even increase your refund – before the deadline.Filing Simplification TipOnce you receive your W-2 and/or 1099 tax...

Tax Fact: What if I Can’t Pay?

We all should be getting our taxes done and there are many who may already have their taxes finished. There are also some of us that may owe the IRS money and maybe thinking......WHAT IF I CAN'T PAY WHAT I OWE?? Not being able to pay the federal income tax you owe can...

Tax Fact: Stimulus Checks Sent Out + Tax Deadline

Stimulus checks are being sent out, the tax deadline has been extended to July 15th and here are some other bits of financial help that I want to pass along 401K and IRA withdraw penalty suspended: People under 59 1/2 years old can temporarily withdraw up to $100.000...

Tax Fact: Financial Health?

What is Financial Health?Financial Health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of...

The Social Security Fairness Act of 2023: More Retirement Income for Teachers, Police, Firefighters & Gov. Workers

The Social Security Fairness Act of 2023, formally known as H.R. 82, aimed at ending two provisions in the Social Security system that affect public sector employees who have earned pensions from jobs not covered by Social Security. These provisions are the Windfall...