Small Business Blog Posts | Page 3

What Is A DBA & How Do You Register For One?

The biggest disadvantages of a DBA are that a DBA doesn’t establish a new legal entity and you don’t have ownership over your DBA. You couldn’t sue another company for violating a trademark if it registers a business name similar or identical to yours.

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Jan 26, 2023 Filed under: Small Business

How To Record The Employee Retention Credit In Financial Statements

How you record the ERC as a journal entry depends on when you claimed the credit and if you received it as a refund. You can record the transaction by debiting the Income Tax Expense account and crediting the Cash account if you claimed the ERC on your quarterly return. If you filed an amended return to receive a refund, you will record a debit in your Cash account and a debit under the Income Tax Expense account.

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Jan 19, 2023 Filed under: Accounting, Bookkeeping, Invoicing, Small Business

How To Apply For The Employee Retention Tax Credit

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!

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Mar 16, 2023 Filed under: Accounting, Bookkeeping, Invoicing, Small Business

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