Bonus depreciation is a tax incentive that allows businesses to write off a large percentage of the cost of an asset in the first year it’s placed into service. In 2024, 60% of the cost of qualified property can be written off in the first year it’s placed in service.
Small Business Blog Posts
An ERC bridge loan is a short-term loan that is used to “bridge” the cash flow gap between the time a person applies for the Employee Retention Credit and when their refund is received months later.
Mobile credit card readers offer flexibility and efficiency for businesses of all sizes and types. From saving on processing fees to enhancing customer experience, the advantages are clear. And as technology continues to evolve, staying updated with tools like these can significantly benefit your business’s bottom line. Before making a choice, it’s wise to explore the best credit card reader options tailored to your business needs.
If it’s too late for you to withdraw your ERC request, but you know that the request is invalid and that you weren’t actually eligible for the employee retention credit, you may be faced with filing error penalties and/or held responsible for repaying the employee retention credit.
An ERC refund refers to the employee retention credit that eligible taxpayers can receive from the IRS, while an ERC loan is a type of advance that some companies offer to give employers faster access to their ERC credit.
The goal of a ghost preparer is to take advantage of taxpayers by taking a large fee or directing the taxpayers return to their own bank account or mailing address without the taxpayer’s knowledge — and then disappear without a trace to secure their fraudulent money can be tracked.
An ERC loan is an advanced payment for your pending ERC refund. If your business can’t wait 12+ months for a check from the IRS, an ERC loan can help.
We considered more than 10 different small business health insurance providers to create this list. We rated these providers based on how easy it is to get a quote, the type of plans offered, features specifically designed to benefit small businesses, member satisfaction, and overall coverage.
A business plan is a written document that provides a complete overview of your business, including information about your business’s services, strategies, finances, and goals. All businesses should have a business plan, but a business plan is especially important when applying for a business loan.
The difference between gross pay and net pay is simple: gross pay includes all employee earnings prior to any payroll deductions, while net pay is the earnings left over after payroll taxes and deductions are subtracted from an employee’s gross pay.