Accounting, Bookkeeping, Invoicing Blog Posts | Page 4

The IRS currently has a backlog of ERC claims, and the current estimated time to receive your ERC is anywhere from four to 12 months. Some ERC funding companies also take several weeks to complete and submit your claim, so make sure that you add in this extra time if you use a third-party service.

It is not too late the claim the ERC. If you qualify, you can file an amended quarterly return using Form 941-X to receive the tax credit in the form of a refund.

The ERC is calculated based on the amount of qualified wages paid by eligible employers to their full-time employees in 2020 or certain calendar quarters of 2021.

While the ERC can be daunting, it is a great way to pay yourself back for keeping your employees on payroll during the different economic shutdowns we experienced in 2020 and beyond. Take some of the stress out of a potentially overwhelming process and consider hiring a professional to help you apply for the ERC. Research never hurts and who knows, you could learn that you’re more of an expert than you thought!

Expensify is a top-rated expense management platform that lets you capture receipts and direct reimbursement from within one app. It’s easy to use, but Expensify pricing can be confusing. In this post, we’ll clear away the confusion, explain Expensify pricing, and help you decide if Expensify is what your company needs.

With both contenders offering minimal fees and nearly identical flat-rate pricing, most businesses won’t see a significant overall price difference between them. Whether Square or QuickBooks will be the better choice will mainly come down to which of the two companies offers the better features your business needs to grow and thrive.

One form of relief offered to small businesses is the Employee Retention Tax Credit. First introduced in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, this tax credit could be claimed by eligible employers on quarterly tax returns. This program was expanded by the Consolidated Appropriations Act signed into law in December 2020, making the credit accessible to more employers.

There are business grants out there that give small business owners and entrepreneurs access to capital. However, it isn’t as easy as pulling out your credit card and receiving a magic list in your mailbox. It takes work to find grants that you qualify for, and even then, competition is pretty stiff. That doesn’t mean you should automatically write-off business grants, though.

The more complex details of payroll and payroll taxes can be time-consuming and confusing, but they are absolutely essential for avoiding legal issues and penalties. We know small businesses have plenty on their plate already, so in this article, we’ve broken down all the steps involved in doing payroll in New York State — and the key regulations to be aware of. Ready to learn how to do payroll in New York? Read on!

Instead of wasting time, energy, and office supplies sending out invoices and cashing checks, consider an online invoice payment solution. Sending invoices and accepting payments online is beneficial to you and your customers. And the best part? You can get paid faster — so why not give it a shot?