We are very excited that SMG ABA LLC. has been recognized in this year's #Inc5000 List for the 6th year in a row! Our team is truly honored to be included once again amongst the most reputable businesses across the country. Check out our ranking and the full list of honorees at https://www.inc.com/inc5000...
In August of 2022, the Inflation Reduction Act was officially signed into law, adding tax benefits to those in the process of incorporating energy-efficient home improvements to their properties. This act provides a Residential Clean Energy Credit, which can provide homeowners up to 30% back in credit if they install solar onto their home. Also included is a Qualified Plug-In Electric Drive Motor...
At the height of the COVID-19 pandemic, opening a business during this time was proven to be no easy feat. Limited income as a result led to the stunted growth of small and micro-businesses. As such business owners are still recovering in a post-pandemic economy and getting back to normalcy, plans to provide financial aid were recently announced by New York Governor Kathy Hochul.
As a reminder to those currently a part of the COVID-19 Economic Injury Disaster Loan (EIDL) program, all borrowers are required to submit regular principal and interest payments, beginning 30 months from the effective date of your loan.
If you received Restaurant Revitalization Funds (RRF), you are required to submit a report stating the use of funds thus far by December 31, 2021.
SMG is proud to announce our two new partners, Marc Valente and Thomas Batsilas.
The Federal American Rescue Plan Act of 2021 (ARP) includes a provision that allows certain individuals to exclude up to $10,200 of unemployment compensation received in 2020 from federal gross income.
On Tuesday, March 30 the President signed into law an extension for PPP applications pushing the deadline to apply from March 31 to May 31.
The American Rescue Plan Act of 2021 establishes a $28.6 billion Restaurant Revitalization Fund within the SBA, which will provide eligible business with a tax-free federal grant based on revenue decline. What Businesses are Eligible? Eligible businesses include restaurants, food stands, food trucks, food carts, caterers, saloons, inns, taverns, bars, lounges, brewpubs, tasting rooms,...
**UPDATE: AS OF MARCH 30, 2021, THE SBA ANNOUNCED THAT RESTAURANT OWNERS WHO SEEK TO PARTICIPATE IN THE RESTAURANT REVILATIZATION FUND WILL NOT NEED TO SIGN UP FOR A SAM.GOV ACCOUNT OR BE REQUIRED TO HAVE A DUNS NUMBER. The American Rescue Plan Act of 2021 establishes a $28.6 billion Restaurant Revitalization Fund within the SBA, which will provide eligible business with a tax-free federa...