This year (2021) is the most complex tax season that we have ever seen! Leave it to your local tax experts at Meadville Tax Service to guide you through it. Call 814–333-2488 to schedule an appointment today!
Did your business receive an EIDL advance grant last year for less than the $10,000 maximum amount? You may be eligible to receive the difference up to the full $10,000. The SBA has launched the Targeted EILD Advance portal. You will receive an email from email@example.com indicating that you can apply if you meet all the following eligibility criteria:
- Located in a low-income community as defined by the IRS. The SBA will map your business property address to determine if you are eligible when you submit the application.
- Suffered economic loss greater than 30 percent as demonstrated by an 8-week period beginning March 2,2020, or later compared to the previous year.
- Must have 300 or fewer employees. Eligible businesses include sole proprietors, independent contractors, and private nonprofit organizations. Farmers and ranchers are not eligible.
Do not overlook this opportunity for your business to receive additional grant money!
Meadville Tax Service will guide you through the process of documenting proof of economic loss and submitting an accurate application. Call us for more information at 814–333-2488 today!