President Joe Biden signed the American Rescue Plan Act into law which supplements relief efforts for Americans deeply impacted by the COVID-19 pandemic. In the plan are a number of new initiatives dedicated to helping small business owners and improvements to existing programs like expanding Paycheck Protection Program eligibility.

Tax season will soon be upon us so we’re answering some common questions merchants have about the forms and acronyms you will come across when preparing taxes for your small business. For small business owners, tax season means filing Form 1099-K.  

As we approach the end of the year, it’s time to think about getting your financial house in order and taking stock of the year that was. And what a year indeed. It’s also an excellent time to set some business goals for the next year to set out a roadmap for success. Here are a few ways to get your business house in order and start 2021 on the right foot.

The Paycheck Protection Program (PPP) was a lifeline for businesses across the U.S. as the pandemic took hold and paralyzed the economy. The program ended on August 8, 2020, unfortunately, so it’s no longer an option for businesses seeking financial support. Congress has failed to reach an agreement for new funding, so it looks like we’ll have to wait until late January 2021 to see what kind of aid package the new administration can negotiate. In the meantime, business owners must look elsewhere. Here are a few options.

As the economy continues to suffer due to Covid-19 closures, consumers struggling under their own financial burdens are committing 'friendly fraud' by exploiting the charge back function intended to protect consumers. There has been an overall increase in chargebacks of 23% since the lockdown began in March. Learn how to minimize risk of chargebacks for your business.