The EIDL program or Economic Injury Disaster Loan allows the SBA to provide loans of up to $2 million to small businesses that have suffered substantial economic injury. The EIDL reopened its loan program to small businesses on June 15, 2020 after closing to most small businesses in May of 2020.
1099-MISC is an important form that misfiling or failing to file will cost you hundreds of dollars. Be sure to inform yourself on your tax duties as a business owner. Here’s everything you need to know.