Skip to main content

MSGI client Tammy Williams, Founder and CEO of Envision2bWell Inc. Testifies on Women's Entrepreneurship

MSGI client Tammy Williams, Founder and CEO of Envision2bWell Inc., testified in front of the House Small Business Committee, Subcommittee on Economic Growth, Tax, and Capital Access today in a hearing on reversing the decline of women entrepreneurship and opportunities to rebuild the economy. More on the hearing and her testimony here.

 

Comments

Popular posts from this blog

American Fashion Network Wins U.S. Marine Corp. Contract

American Fashion Network (AFN) LLC, led by CEO Jackie Wilson of Syracuse NY, secures $46.8 million contract from the U.S. Marine Corps.  American Fashion Network (AFN), a women-owned small business based in Syracuse NY, will supply the Marine Corps with over 1.8 million shorts and T-shirts for fitness training uniforms over a 5-year contract. All the clothes will be 100% American made, and will be provided to Marines on base, as well as for sale for those who want additional items. This is a monumental step for the small business, which decided to begin competing for government contracts last year.  Previously, AFN had been providing clothing, fabric and promotional specialty products to the world’s most prestigious retailers and corporations including, but not limited to: Amazon, Kohl’s, JCPenney, American Eagle, Lucky Brand, H&M, Express, Comcast, Charter/Spectrum, Syracuse University, PETCO and WESCO. At the beginning of the COVID-19 pandemic, AFN quickly pivoted to producing ma

IRS Releases Guidance on Retroactive Tax Deductions for PPP Recipients

A huge advocacy win for the HUBZone Contractors National Council, GovEvolve, and Montgomery County Chamber of Commerce (MCCC) - as well as entire small business community - with today's announcement of IRS  Paycheck Protection Program (PPP)  guidance reversal.  On April 22, the IRS issued guidance  ( Revenue Procedure 2021-20 ) regarding retroactive tax deductions for businesses or individuals that received forgiveness on a PPP loan but did not deduct any of the original eligible business expenses because they adhered to former guidance, issued before the enactment of tax relief legislation in December of 2020. This new guidance allows business with forgiven loans to retroactively deduct those expenses, no longer considering it a “doubt credit.” Taxpayers have the option to deduct these expenses in the subsequent tax year if they do not wish to amend a return or make an administrative adjustment request.  Small businesses who relied on economic support from the CARES Act to weather