As the COVID-19 Pandemic continues to ripple through the US, the Small Business community has suffered large disruption. As a result of this, the SBAC has formed a Resource Center for up to date information regarding various ways that businesses can learn about access to emergency capital, learn about the different programs that the Federal, … more
Illinois Policymakers Should Defer Sales Tax Payments For All Small Businesses The COVID-19 pandemic continues to have a devastating impact on individuals, families and communities. We are thankful to everyone on the front lines who is fighting against this terrible virus. The coronavirus is also causing tremendous financial stress for the small business community. Unless … more
The SBAC hosted our first Virtual Town Hall on Access to Capital. Given the continued effects of the COVID-19 virus, and the impact that it is having on the small business community, we feel that this information is critical to any business owners who are trying to figure out what to do. We had the … more
On March 17th, the Federal government announced the following: A 90-day extension for all tax payments due to the IRS for individuals owing $1 million or less and corporations owing $10 million or less. Interest and penalties will be waived as well. Taxpayers will be able to request a six-month deferral for payments due. The … more
