Businesses Expenses Paid with Forgiven PPP Loans Now Tax-Deductible
I thought it important to highlight a provision which I consider to be a true “game changer.” Specifically, relative to the tax deductibility of PPP expenses.
PPP Loan Facts for Boston Metro Small Businesses
If your business has fewer than 300 employees, and it has experienced a revenue drop due to the pandemic, you may be eligible for a second PPP loan, even if you already obtained a PPP loan earlier in 2020.
The Future of Office Work in the Boston Metro
The majority of surveyed office workers desire a hybrid of remote work and in-person office attendance. Effective collaboration, clearer direction from management and better oversight of projects were among the reasons presented.
Will Boston Metro Commercial Real Estate Demand Improve in 2021?
Boston Metro commercial real estate experienced dynamically different market conditions during 2020. While the pandemic helped increased demand for lab space and warehouse space, it had significant, adverse impacts on retail, hospitality and office sectors. Now that vaccine distribution is in the early stages, there is some question about how soon these troubled sectors will see relief.
New Development Planned for Boston’s Fenway Park Area
Fenway Park, home to the Boston Red Sox, will eventually be surrounded by a mix of new residential and commercial development, according to a report in Boston Bisnow. Fenway Sports Group intends to develop 5 acres of property in several locations near the iconic...
Small Businesses in the Boston Metro Need Your Support!
2020 has been a challenging year for everyone, but it has been especially hard on small businesses in the Boston Metro and everywhere around the country. Without the support of local customers, a good percentage of independent retailers, restaurants and service...
Future of Boston Metro Retail May Include More Strip Malls
Traditional shopping malls may be struggling in the Boston Metro, but strip malls are showing resilience. According to a report by Forbes, consumer trends show that in-person shopping is evolving rather than fading out.
Boston Metro Office Sector Becomes a Tenant’s Market
As work-from-home arrangements continue, the Boston Metro office sector is feeling the impact. The latest Beige Book report from the Federal Reserve Bank of Boston estimates that only 20% of New England office workers have returned to employer sites. This is far below...
Lab and Industrial Space Highly Sought in the Boston Metro
Commercial real estate in the Boston Metro is dealing with record demand in some business sectors, and a pandemic-induced slump in others. According to the latest data from the Federal Reserve Bank of Boston's Beige Book, as reported in the Boston Business Journal,...
Boston Metro Small Businesses Have New Federal Loan Option
Small to mid-sized businesses in the Boston Metro have new lending options available under the Federal Reserve's Main Street Lending Program, which recently adjusted borrowing requirements for easier access. Effective immediately, the minimum loan available under the...