Barbara Weltman
Big Ideas for Small Business, Inc.
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According to The Blueprint, 94% of SMBs report negative effects, with restaurants, retail, and healthcare hit the hardest. Most had to seek financial assistance (78% sought PPP loans, and of these 85% received them). Of the 51% of SMBs that adopted work-from-home policies, 33% plan to continue the arrangement permanently. And of layoffs, 9% were permanent.
BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.
