To start a small ice cream business, you need to draft a business plan, invest in the right kitchen equipment, find a great location, rent or buy a building or truck, test your recipes, and acquire the necessary business licenses.
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Feb 3, 2023
Filed under: Small Business
During an IRS audit, the IRS will notify you of the specific information you need to submit. However, some common documentation that you may be required to submit include payroll records, accounting records, PPP loan forgiveness documentation, and documentation that shows your business was fully or partially shut down by the government or proof of a decline in receipts.
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Google Business Profile is easy to use, makes it easier for customers to find you and learn about what you have to offer, and can improve your customer experience and relations.
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Aug 15, 2024
Filed under: Small Business
A bank account for freelancers can help you organize your finances, develop a business credit record, and avoid tax trouble. Whether you’re an independent contractor, a freelancer, or otherwise self-employed, you need a bank account designed for your needs.
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Oct 30, 2024
Filed under: Business Banking
Square is a massive ecosystem of scaleable products and services for businesses of any shape and size, including niche business ideas. Square offers eCommerce options, appointment scheduling software, and plans for specific industries like restaurants.
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Jan 26, 2023
Filed under: Small Business
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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Aug 8, 2024
Filed under: Small Business
Any small business that experienced fully or partially suspended operations due to COVID-19 or a significant decline in gross receipts qualifies for the ERC.
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Qualified wages are wages that will be under consideration when you apply for the ERC. They are wages paid between March 15th, 2020 and September 30th, 2021. The period for qualified wages does extend beyond the September deadline for certain businesses.
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If you didn’t take advantage of the Employee Retention Tax Credit during the COVID-19 pandemic, eligible small businesses can now retroactively claim the credit by filing an amended tax return via IRS Form 941-X.
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Yes, it is possible to receive the employee retention credit even if you’ve received a PPP loan. However, you can’t claim the ERC for any portion of wages used to qualify for the PPP loan or PPP loan forgiveness.
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