Business Tips

DOE Approves Jefferson Lab’s 12-Month Contract Extension DOE Approves Jefferson Lab’s 12-Month Contract Extension By Bob McKenna, Virginia Peninsula Chamber I know many of you in the business community are concerned about the future status of Jefferson Lab after a recent article in our local newspapers. Here is statement released by the Department of Energy which falls in line with what Governor Youngkin has recently stated. It should…

Business Tips – Small Business Funding Small Business Funding By SCORE Williamsburg Finding funding for your small business can feel overwhelming, but the right approach makes all the difference. SCORE mentors assist business owners in identifying funding options, from traditional bank loans to alternative financing like crowdfunding and grants. Key steps include researching market fit,…

Business Tips – SCORE Tax Tip for Small Businesses SCORE Tax Tip for Small Businesses By Roslyn Banks, SCORE Williamsburg Be sure to double check your 1099s before you prepare your return. If you receive a Form 1099 with an error, gather evidence to support the correction and ask the vendor to file a corrected form. If unsuccessful talking…

Business Tips – VA Enterprise Zone Program: How the Job Creation Grant Can Help Your Business Grow VA Enterprise Zone Program: How the Job Creation Grant Can Help Your Business Grow By Shawn Middleton, CPA, PBMares The Virginia Enterprise Zone (VEZ) Program, a partnership between state and local governments, offers businesses a unique opportunity to expand their operations…

Business Tips – Current Status of the Corporate Transparency Act (CPA) Current Status of the Corporate Transparency Act By Peter LePage, SCORE Williamsburg The Corporate Transparency Act (CTA), enacted in 2021 to curb illicit finance, requires most US small businesses to report information about the individuals who own or control them.  Failure to comply carries severe…