We are receiving a lot of inquiries with respect to “VA Dentists Newly Eligible to Apply for up to $100,000 from Rebuild VA Grants”. Please see the following email:
https://schiffcpa.com/wp-content/uploads/2020/11/Email.pdf
It is our opinion you should apply for these Grants. Please note, these GRANTS are TAXABLE
If you receive the Grant, it can be used for any of the following:
- Payroll support including employee salaries, paid sick leave, medical leave, or family leave, and costs associated with the continuation of group health care benefits during those periods of leave
- Mortgage Payments
Rental or Lease Payments - Eligible Utilities: Electricity, Gas, Water/Sewer, Telephone and Internet service
- Principal and Interest Payments for business loans incurred prior to, or during the COVID-19 emergency
- COVID Related Expenses – (applicants who received CARES Act funds are not eligible for reimbursement of these expenses under the Rebuild VA Grant) (An example of this would be if you received the HHS Grant)
Here is a complete list of documents needed along with the required documentation:
https://www.governor.virginia.gov/media/governorvirginiagov/governor-of-virginia/rebuildva/RebuildVA-Business-Doc-Requirements_v3.pdf
Examples of Documentation – W-9, Business Income Tax Returns, Most recent Virginia Employment Commission Quarterly Report:
https://www.vec.virginia.gov/employers/VEC-FC-2120
PLEASE NOTE: You will need a DUNS NUMBER for the Completion of the W-9. If you do not have a DUNS Number, you can apply for one here:
https://www.dnb.com/duns-number/get-a-duns.html
Please reach out to your Schiff Team Member if you need any documentation from us (Tax Returns) during the Application Process.
