What's New & Due: April 19 - 25, 2021
1. Whatcom County Real Property 2021 Tax Deferral for Businesses
Effective April 16, 2021, businesses who own real property primarily used for business may be eligible for a property tax deferral up to December 31, 2021. To be eligible, the business must be able to demonstrate a loss of at least 25% of gross revenue for calendar year 2020 compared to calendar year 2019. Deadline to apply is April 30, 2021.
2. SBA released guidelines for Restaurant Revitalization Fund
The Restaurant Revitalization Fund (RRF) was established by the American Rescue Plan Act and offers funding to restaurants and other eligible businesses. The SBA recently released guidelines for this fund and will be announcing the opening date soon.
Learn More: Restaurant Revitalization Fund
April 25, 2021
Every business is different, so please make sure to check in with your bookkeeper or accountant to ensure you're meeting all your tax and filing requirements. If you need assistance with your bookkeeping and tax reporting, please feel free to give us a call at (360) 756-5020 to speak with one of our bookkeepers!
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