Small Business Center -News, Videos, Webinars, and Blogs!
GRANT OPPORTUNITIES
Grants up to $125,000 Advance Oral Healthcare Transformation CareQuest Institute for Oral Health: Community and Care Transformation Initiative Application deadline: June 30, 2023 Funder Profile Available to Members of GrantStation Funds Enable Expansion of Childhood Bereavement Services National Alliance for Children’s Grief: Grief Reach Application deadline: Applications will be accepted beginning on June 1, 2023. Funder Profile Available to Members of GrantStation Rural Cooperatives Supported Application deadline: June 26, 2023 Funder Profile Available to Members of GrantStation $20,000 Grants Aim to Change Vacant Lots Into Gardens KidsGardening: Lots of Compassion Grant Application deadline: June 2, 2023 Funder Profile Available to Members of GrantStation Support Available to Strengthen the Economy Through STEM Projects Application deadline: June 12, 2023 Funder Profile Available to Members of GrantStation Support Advances Projects Rethinking Aging NextFifty Initiative: Advancing Innovation in Aging Application deadline: Applications will be accepted from May 15 to June 21, 2023. Funder Profile Available to Members of GrantStation Program Helps Veterans Gain Agricultural Skills Application deadline: June 19, 2023 Funder Profile Available to Members of GrantStation Programs Addressing Addiction, Serious Mental Illness, or Cancer Funded Application deadline: June 1, 2023, at 6 PM ET Funder Profile Available to Members of GrantStation Art Projects Improving Street Safety Supported in the U.S., Canada, and Mexico Bloomberg Philanthropies: Asphalt Art Initiative Application deadline: June 12, 2023 Funder Profile Available to Members of GrantStation Chick-fil-A True Inspiration Awards Application deadline: June 1, 2023 I’m reaching out to let you know about our $150,000 grant program, Jobber Grants, that recognizes excellence in small home service businesses. In August 2023, we will award 25 grants to businesses in the U.S. and Canada totaling $150,000. Last year, Antonio Taylor, owner of Pressure Family Exteriors LLC in your area, was awarded a $5,000 grant. We’d love to give other similar industries and home service businesses in Oklahoma City the chance to apply and be recognized for their work, if you are able to share this information with your community. The application process is easy—it just takes 5 minutes to apply at jobber.com/grants. Grants range from $2,500 to $15,000 each, and applications are open until June 8, 2023.
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Tax benefits to help offset the cost of making
businesses accessible to people with disabilities
When employers hire people with disabilities or make their business accessible to employees and customers with disabilities, they may be eligible for certain tax benefits. These tax benefits encourage employers to hire qualified people with disabilities and off-set some of the costs of providing accommodations.
Disabled Access Credit
The Disabled Access Credit is a non-refundable credit for small businesses that have expenses for providing access to people with disabilities. An eligible small business is one that earned $1 million or less or had no more than 30 full-time employees in the previous year. Small businesses claim the 50% credit for eligible access expenditures by filing Form 8826, Disabled Access Credit. The business can claim the credit each year they have access expenditures. For details on access expenditures, see Form 8826.
Barrier removal tax deduction
The architectural barrier removal tax deduction encourages businesses of any size to remove architectural and transportation barriers that helps people with disabilities and the elderly get around more easily. Businesses may claim a deduction of up to $15,000 a year for qualified expenses on items that normally must be capitalized. Businesses claim this deduction by listing it as a separate expense on their income tax return. The tax return must be filed on time.
Businesses may use the Disabled Access Credit and the architectural tax deduction together in the same tax year if the expenses meet the requirements of both benefits.
Work Opportunity Tax Credit
The Work Opportunity Tax Credit is available to employers for hiring individuals who have consistently faced significant barriers to employment. This includes people with disabilities and veterans.
The maximum amount of tax credit for employees who worked 400 or more hours of service is:
A 25% rate applies to wages for individuals who work at least 120 hours but less than 400 hours for the employer.
To claim the credit, an employer must first get certification that an individual is eligible. Employers do this by submitting IRS Form 8850, Pre-screening Notice and Certification Request for the Work Opportunity Credit, to their state workforce agency within 28 days after the eligible worker begins work. Employers should not submit this form to the IRS. They should contact their state workforce agency with questions about Form 8850.
e-News for Small Business |
Issue Number: 2023-19 Inside This Issue
Issue Number: 2023-18 Inside This Issue
Educational videos
The Small Business Tax Workshop helps new business owners understand and meet their federal tax obligations. Business owners can choose from eight lessons, which include:
IRS Tax Centers
All Tax Centers are available in English, Spanish, Vietnamese, Chinese (Traditional and Simplified), Korean, Russian and Haitian-Creole. They include:
More helpful IRS resources
Taxpayer Bill of Rights – By law, all taxpayers have fundamental rights when they're interacting with the IRS. These rights apply all year, not just during the filing season. However, knowing and understand these rights may help taxpayers resolve any filing season questions with confidence. All taxpayers are encouraged to review the Taxpayer Bill of Rights.
SITES Program: https://www.okcommerce.gov/wp-content/uploads/SITES-Program-RDS-Half-Sheet.pdf
Capital and Equipment Grants Provided in Six States Mabee Foundation
The Mabee Foundation provides support to nonprofit organizations in Texas, Oklahoma, New Mexico, Arkansas, Missouri, and Kansas for new construction, building renovation projects, and the purchase of major medical equipment. Generally, the Foundation supports educational, social and humanitarian services, medical and health, and cultural and religious organizations or projects. The Foundation will provide up to 20% of the total costs of a project, up to a maximum of $2,000,000. 40% of the total project cost must be raised from other public donors at the time an application is submitted, and the remaining funds required to finish the project must be raised within one year of the awarding of the grant. The quarterly application deadlines are the first business day of December, March, June, and September, annually. Visit the Foundation's website to access the online application.
Oklahoma American Rescue Plan Act
The Oklahoma Main Street Center announced the launch of Main Street Online, a new tool developed by Main Street America to help small businesses grow and strengthen their online and ecommerce capabilities. The tool is available at no cost to any small business and provides guidance on Point of Sale systems, website platforms, content creation software and more. It was designed specifically for small businesses with 20 or fewer employees in the retail, service, and food and beverage sectors. “After 2020, Main Street businesses saw an increased need for ecommerce capabilities,” said Buffy Hughes, State Director of the Oklahoma Main Street Center. “This new tool will help Oklahoma small businesses, not just those in our Main Street communities, to find the best solutions to help them implement an effective online strategy.” Supported by GoDaddy, the tool assesses the unique needs of individual small businesses and offers customized guidance for implementing and maximizing solutions to improve their digital presence. “Oklahoma’s small businesses have so much to offer,” said Brent Kisling, Executive Director, Oklahoma Department of Commerce. “By utilizing this tool, they can diversify the ways they do business, opening them up to increased success and a larger customer base.”
Main Street Online is available at mainstreetonlinetool.org
SBA Learning Platform-Leaning Center Courses
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Marketing Your Business
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E-Commerce Success
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Running a Business in 2023
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Technology in Business
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We invite you to join us for a virtual or in-person training! All workshops are posted on our website, updated on Facebook and you can always contact us at 800-658-2823 or wbc@reiok.org. Please click the workshop title for more information and to register online.
For more information or to register, go to www.reiwbc.org/upcoming/
June
1 - OKC Women's Business Breakfast
1 - Establish a Professional Domain, Website, & Email
2 - QuickBooks Online - Idabel
2 - DIY Video Marketing - OKC
7 - Microsoft Excel: Data Entry & Formatting
8 - Launch Your Business with Customer Focused Marketing
14 - Microsoft Excel: Intro to Formulas & Functions
21 - Microsoft Excel: Intermediate Formulas & Charting
28 - Microsoft Excel: Pivot Tables & Analyzing Data
29 - Coach Your Team to Success
US Department of Labor
Be sure to follow Events Calendar | U.S. Department of Labor (dol.gov) to see all events, including those offered by OSHA, OFCCP, VETS and other DOL agencies.
Current Score Online Workshops, Webinars and Events from Score
Blogs:
Industry Word
How to Use Your Store Windows Display to Attract Holiday Shoppers
5 Things to Know about Year-End Bonus
Small Business Owners Share Challenges of Hiring Employees and Gig Workers