Small Business Assistance Center

Given the complexity of the ever-changing tax laws and the difficulty of interpreting them, you need a tax adviser who not only can ensure you’ve complied with the law, but who can help you claim valuable deductions and credits. Our tax service has been developed to support the evolving needs of our clients.

https://smallbusinessassistancecenter.com/services/tax-preparation/

Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency. Tax planning is the key to providing effective tax minimization strategies.

At the Small Business Assistance Center, we believe that year-round contact is a critical part of our understanding your goals and objectives.

https://smallbusinessassistancecenter.com/services/strategic-tax-planning/

Most businesses will fail without a strategic business plan. Knowing where you are going, and how to get there are key business steps.

If you start a business without a plan your doomed to fail, our experts will help you create a plan that works for your business.

https://smallbusinessassistancecenter.com/services/strategic-planning/

Business Entity Startup

Have you thought of starting your own business, S-Corp, LLC or Non-for-profit?

We provide the following service:

Discuss the difference between entity choices

Open your entity in IL (Other states open to discussion)

Provide correct documentation to IRS for S Corp entities

Obtain your EIN from IRS

Provide you with an Operating Agreement

https://smallbusinessassistancecenter.com/services/business-entity-startup//

smallbusinessassistancecenter.com Business Entity Startup Have you thought of starting your own business, S-Corp, LLC or Non-for-profit? We provide the following service: Discuss the difference between entity choices Open your entity in IL (Other states open to discussion) Provide correct documentation to IRS for S Corp entities Obt...

Crisis Leadership Planning

With every small business and nonprofit organization facing economic hardship due to the corona virus aka COVID-19 is the time to provide strong leadership to your business, employees and clients.

https://smallbusinessassistancecenter.com/services/crisis-leadership-planning/

smallbusinessassistancecenter.com Crisis Leadership Planning With every small business and nonprofit organization facing economic hardship due to the corona virus aka COVID-19 is the time to provide strong leadership to your business, employees and clients. It will be your leadership that strengthens your organization, keep your emp...

We offer assistance preparing and submitting your SBA economic Disaster Loan package, as it is an in-depth package and submitting all the correct information the right way the first time may determine whether or not your loan application is approved by the SBA. It is our loan & tax expertise that we will use to process and submit your loan application to the SBA for you. The SBA has informed us that if a loan application is rejected the business can properly request a reconsideration, if it is rejected then there is a 6 month waiting period to reapply.

https://smallbusinessassistancecenter.com/services/covid-19-small-business-economic-disaster-loans/

Chicago Small Business Resiliency Fund

The City of Chicago recognizes that coronavirus disease (COVID-19) has put a difficult burden on our small business community. As a response to this challenge, the City is establishing a $100 million Chicago Small Business Resiliency Fund, which will help to provide small businesses with emergency cash flow during this
immediate health crisis. Funds will be provided to eligible businesses as low-interest loans.

https://smallbusinessassistancecenter.com/chicago-small-business-resiliency-fund/

smallbusinessassistancecenter.com Chicago Small Business Resiliency Fund The City of Chicago recognizes that coronavirus disease (COVID-19) has put a difficult burden on our small business community. As a response to this challenge, the City is establishing a $100 million Chicago Small Business Resiliency Fund, which will help to pr...

State Tax Filing Guidance for Coronavirus Pandemic

Several states have followed the IRS in postponing their income tax filing and payment deadlines. So far, Illinois has not; however the American Institute of CPAs is tracking state tax guidance related to the COVID-19 pandemic.

https://smallbusinessassistancecenter.com/state-tax-filing-guidance-for-coronavirus-pandemic/

smallbusinessassistancecenter.com State Tax Filing Guidance for Coronavirus Pandemic Several states have followed the IRS in postponing their income tax filing and payment deadlines. So far, Illinois has not; however the American Institute of CPAs is tracking state tax guidance related to the COVID-19 pandemic. LEARN MORE

The President's Coronavirus Guidelines for America

Learn more about the President’s Coronavirus Guidelines for America – 15 days to Slow the Spread

https://smallbusinessassistancecenter.com/the-presidents-coronavirus-guidelines-for-america/

smallbusinessassistancecenter.com The President’s Coronavirus Guidelines for America – 15 days to Slow the Spread To read, print or download the file, click on LEARN MORE below. Learn More

Filing and Payment Deadlines Questions and Answers

Learn more about IRS Filing and Payment Deadlines

https://smallbusinessassistancecenter.com/filing-and-payment-deadlines-questions-and-answers/

smallbusinessassistancecenter.com To learn more about IRS Filing and Payment Deadlines, click on the button below. LEARN MORE

Family First Cares Act

Learn more about the Family First Cares Act https://smallbusinessassistancecenter.com/family-first-cares-act/

smallbusinessassistancecenter.com Click on the button below to review the Family First Cares Act. Family First Cares Act

Kane County News

Kane County Treasurer David Rickert called on state officials to pass property-tax-relief legislation he drafted in response to the COVID-19 emergency.

https://smallbusinessassistancecenter.com/kane-treasurer-calls-for-property-tax-relief-law/

smallbusinessassistancecenter.com For all Kane County-related news, please see the articles listed below.

SBA Express Bridge Loan

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork.

https://lnkd.in/etVj3D7

smallbusinessassistancecenter.com Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are expe...

Illinois Small Business Emergency Loan Fund

DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are establishing the Illinois Small Business Emergency Loan Fund to offer small businesses low interest loans of up to $50,000.

https://smallbusinessassistancecenter.com/illinois-small-business-emergency-loan-fund/

smallbusinessassistancecenter.com Small Business Assistance Center provides information on: Illinois Small Business Emergency Loan Fund DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are establishing the Illinois Small Business Emergency Loan Fund to offer small businesses low interest loans of up....

Illinois Emergency Business Assistance Initiative | Hospitality Grant Application

Learn more about Governor Pritzker’s grant program for hospitality businesses impacted by the COVID-19 shutdown. Please read the following and then fill out the form if you believe you own an eligible business and would invest the grant funds for eligible uses.

https://smallbusinessassistancecenter.com/illinois-emergency-business-assistance-initiative-hospitality-grant-application/

smallbusinessassistancecenter.com COVID Response - Illinois Emergency Business Assistance Initiative Hospitality Grant Application Thank you for your interest in Governor Pritzker’s grant program for hospitality businesses impacted by the COVID-19 shutdown. Please read the following and then fill out the form if you believe you ow...

Illinois Downstate Small Business Stabilization Program

This Fund will offer small businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital.

https://smallbusinessassistancecenter.com/illinois-downstate-small-business-stabilization-program/

smallbusinessassistancecenter.com The Small Business Assistance Center provides information for: Downstate Small Business Stabilization Program To support small businesses in downstate and rural counties across Illinois, DCEO is repurposing $20 million in CDBG funds to stand up the Downstate Small Business Stabilization Program. Thi...

Chicago Small Business Resiliency Fund

The City of Chicago recognizes that coronavirus disease (COVID-19) has put a difficult burden on our small business community. As a response to this challenge, the City is establishing a $100 million Chicago Small Business Resiliency Fund, which will help to provide small businesses with emergency cash flow during this
immediate health crisis. Funds will be provided to eligible businesses as low-interest loans

https://smallbusinessassistancecenter.com/chicago-small-business-resiliency-fund/

smallbusinessassistancecenter.com Chicago Small Business Resiliency Fund The City of Chicago recognizes that coronavirus disease (COVID-19) has put a difficult burden on our small business community. As a response to this challenge, the City is establishing a $100 million Chicago Small Business Resiliency Fund, which will help to pr...