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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In fact, ROBS is currently the most popular form of business financing in 2023. Businesses have to incur lots of expenditures just to operate, including payroll , acquiring assets like vehicles & real estate, and day-to-day expenses (like a restaurant maintaining their inventory of condiments, food ingredients, and beverages).

Finance 105
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Use These 7 Chess Strategies to Secure Grant Funding

Success

If you’re still strapped, consider a grant—a form of funding you don’t need to repay. DoorDash Restaurant Disaster Relief Fund : $10,000 for established restaurants affected by natural disasters. Covers rent, utilities, supplies and payroll. Time your move You own a small business. Deadline is Dec.

Budget 264
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They didn’t seriously argue that, did they? The tax edition

BMT Office Administration

Restaurant employees were paid off the books until the owner decided to put them on the books in 2020 because she needed some on-the-books employees in order to apply for government grants and/or loans. Worse: The owner sent allegedly falsified records of those payments to her accountants so they could prepare Forms W-2s, 1120-S, 941 and 940.