Your CARES Act Benefits Experts, Magellan Jets, Offers Tax Holiday Strategy Consulting on Private Jet Travel in 2021 & Beyond

Leading Private Aviation Solution Provider Advises Guests & Businesses on Utilizing the CARES Act Tax Exemption for Private Jet Travel

As we enter the final few months of 2020, your private aviation consultants at Magellan Jets are thrilled to provide their expertise on tax holiday benefits for individuals and organizations, so they can better understand the Coronavirus Aid Relief and Economic Security Act (CARES Act) and its impact on their private jet travel.

With companies across the country eager to get back to business again, the CARES Act incentivizes organizations to utilize the safety of private aviation by suspending certain excise taxes on private jet travel booked through December 31, 2020. The tax exemption also extends to any jet card or membership purchases made before the end of the year, even if they aren’t used to fly until 2021 or beyond.

In response to the tax holiday, Magellan Jets is

Read More

CARES Act funding to be used to help small businesses in Central Ohio

The City of Columbus and Franklin County have paid out more than $8 million to small businesses during the COVID-19 pandemic and more help is coming for those businesses. 

The money is coming from CARES Act funding, which the city and county used to set up a program for struggling small businesses, especially those owned by minorities. 

It is all part of the Columbus Franklin County COVID-19 Small Business Response and Recovery Fund, which launched in June.

Mayor Andrew Ginther said he and the partners on this want to focus on minority-woned small shops in Central Ohio, who some say were left out of federal funding like the PPP. 

According to the city, 84 percent of the businesses getting grants have five employees or less, 43 percent are owned by women, and 80 percent are owned by minorities. 

So far, the program has paid out $8.3 million in three ways:

Read More

Escambia County small business CARES grant applications open Friday

Jim Little, Pensacola News Journal
Published 2:11 p.m. CT Sept. 30, 2020 | Updated 2:46 p.m. CT Sept. 30, 2020


Small businesses in Escambia County hurt by the COVID-19 pandemic can apply for grants from the county starting Friday.

Escambia County announced Wednesday that it would start accepting grants for its $7.5 million emergency financial assistance program for small businesses at 8 a.m. Friday.

Applications will be accepted through 8 p.m. Tuesday.

Businesses with fewer than 25 employees will be eligible for $7,500 grants, and business with 26 to 50 employees will be eligible for $15,000 grants.

If businesses received money from the Paycheck Protection Program, they are still eligible for the grants if they received less than $10,000.

The grants are being funding from the federal Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act.

The county said grants will be awarded on a

Read More

Small business nonprofit help with office at SVSU expands services using CARES Act

SAGINAW, MI – A statewide nonprofit is using CARES Act funding to expand its services for small business, including at its regional office at Saginaw Valley State University.

Using the funding, the Michigan Small Business Development Center has added almost 50 business consultants throughout the state and made new partnerships with service providers available to help businesses survive the COVID-19 pandemic, according to a news release.

“As small businesses begin to restart, recover and launch, they will be required to have a heightened awareness and response to our ever-changing economic environment,” said Beth Roszatycki, regional director of the SBDC office at SVSU, in the release. “Being able to equip business owners and future entrepreneurs with the resources, tools and knowledge to respond to these evolving requirements and best practices will be critical. I see the SBDC being the support network to help with these necessary changes.”

The center’s offices provide

Read More

CARES Act funds go to COCC students, Small Business Development Center


BEND, Ore. (KTVZ) — Just four months after Central Oregon Community College assisted more than 1,500 students with a financial boost from the school’s federal Coronavirus Aid, Relief and Economic Security (CARES) Act funds, the college is again awarding dollars to students — this time specifically to those with COVID-related challenges.

COCC students can now apply for the “COCC COVID-19 Fund” via an online application, providing a COVID-19-related need (along with documentation), to receive assistance with expenses such as expanding internet access, upgrading a computer, paying online course fees, covering childcare costs and other expenses. To be eligible to receive funds, COCC students must be U.S. citizens or eligible non-citizens and enrolled in a minimum of three credits. Eligible students can receive a maximum of $1,000 per term, and financial awards will be distributed beginning the third week of COCC’s fall term on a first-come, first-serve basis.


Read More