Food delivery service DoorDash is giving about 125 small Virginia restaurants $3,500 each in partnership with the Virginia Restaurant Lodging Travel Association (VRLTA) but time is running out — the deadline to apply for the grant is 5 p.m. March 1.
“Virginia’s restaurants have faced unprecedented challenges the past year,” VRLTA President Eric Terry said in a press release. “DoorDash’s donation to the state’s restaurant relief efforts will offer much-needed help to small businesses.” Read More
Delegate Joe McNamara (R-Roanoke) has pre-filed HB 1787, legislation for the 2021 General Assembly session that will exempt business owners from state taxes on forgivable Paycheck Protection Program (PPP) loans. PPP loans are part of broad COVID-19 relief funding meant to help small businesses keep paying their employees.
When the PPP was passed by Congress in March 2020, the forgivable loans were exempt from federal taxes, but Virginia’s tax structure means the forgiven PPP loans are not automatically exempt from state taxes. McNamara said that could lead to confusion for business owners. Read More