Q: Does Getting A Grant Have To Be A Lot of Paperwork?A: A lot of people say, “Hey, Lesko — isn’t it a lot of paperwork to get money from the government or other places?” And the answer is yes, it could be. But who cares? Who cares if it takes you a night to fill out the paperwork, or a week, two weeks, a month, or if it is one page or 1,000 pages? Where else are you going to get $1,000 to do something, or $100,000— or a quarter of a million dollars?
What about the last week, the last
month? What did you do that month? So
many people say it makes them stop. It
becomes an insurmountable hurdle. It is
an excuse not to do something because
they have to fill out some 20-page form.
And that’s not always true. There is a
program, if you want to start a business
that only has two pages to fill out, and
you get $150,000. So, the paperwork
should not stop you. And you can fill
out a ONE-PAGE APPLICAION and get: Sure, some of the complicated grant proposals may take 20 or 30 pages, and it could take you a couple of weeks to complete. But again, if you are getting $100,000 or a quarter of a million dollars to work on your invention, that is worth the effort. You have to do it. Remember, with every hurdle in life, you have to figure out a way over it, around it or through it. If you do not, you are out of the game, and you should not have started the game in the beginning. Q: Is Grant Money Taxable?A: The answer to this is the same answer to any good question, “It depends”. Some grants are taxable and some are not. If you get a grant to start a business, I would assume you would have to treat that as taxable income but you would probably not pay any taxes on it because you would use the money to buy business deductible items like computers, office space, advertising etc. Grants and scholarships in excess of tuition, fees, books, supplies, and equipment are considered taxable income. Grants given to veterans not taxable. A lot of grants given out to pay your energy bills or help pay your mortgage are not taxable. See www.irs.gov/pub/irs-pdf/p525.pdfQ: Do I Have To Hire A Grant Writer?A: I was sitting in a Starbucks working the other day and a person who recognized me came up and said she was looking for a grant to start a business and asked if she should hire a grant writer to help him. My immediate reaction was NO...I asked her why in the world was she thinking of hiring a grant writer when she doesn’t even know yet where to go to get a grant or what the grant application looks like. It's putting the cart before the horse and a waste of time. It’s like getting a prom dress before you are even asked to the prom. The reality is that you may or may not need a grant writer. So why waste time finding one if you may never need one? What you have to concentrate on is finding a place that may give you a grant. Once you find that you can worry about everything else. It’s easy to get side-tracked into spending time on things that seem relevant but aren’t. And all this does is postpone the problem. And the problem is finding out WHERE to apply for the money. Don’t you dare spend any time figuring out if you need more help once you find the money, or even how you may spend the money. All those questions are irrelevant is you can’t find the money. Spend every ounce of your energy finding the place where you are going to apply for the money. The rest will fall into place. By the way, if you have trouble filling out an application for money, don’t hire a consultant. Go to the office that is handing out the money. They are obligated to help you fill out your application. They are in the best position to know what should be on the application because they are the ones giving you the money. Free Grant Secrets,
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