Business Tips

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…

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…