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Can I Really Get More Money for Having a Business that Survived COVID?
Can you really get more money for having a business that survived COVID? The answer could be yes.
In my writing and interactions on social media, I often encounter entrepreneurs and investors who are looking for more capital. After years of elevated inflation, followed by elevated interest rates, this can be a tough situation.
As I pride in providing valuable sources of information and connections, I felt it important to share this here. I’ve found something that is completely legal, ethical and legitimate but it does sounds too good to be true. I encourage you to check this out.
The Program
The IRS is actually giving a tax credit back to any small/medium company (they define this as “less than 500 employees”) who kept their payroll going during the pandemic. If you are either a business owner or an employee who wants to help their boss (who frankly should earn a chunky bonus for this information), keep on reading.
The Good, the Bad and the Ugly
The bad side is that small companies with only 1099s or only family members don’t qualify.
The ugly is that this won’t last a long time. We’re all trying to forget about Covid and worry more about the…
