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Unfortunately, there is no way to expedite the ERC refund process. You can avoid potential delays by ensuring that your Form 941-X is filled in correctly, including ERC refund calculations. You may also reach out to reputable ERC funding companies to learn about ERC advances and funding programs, although fees will apply.

The employee retention tax credit, or ERC, is a real tax credit available to qualified small business owners. This refundable tax credit could be filed on quarterly returns in 2020 and 2021. Small business owners that didn’t know about this credit can retroactively receive a refund by filing amended tax returns.

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.

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.

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.

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.

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.

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.

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.

Using Lightspeed Loyalty is very easy, as there is nothing to download or install, and most Loyalty functions can be performed right from your iPad POS. The functionality is more or less self-explanatory for anyone who has used an iPad or tablet before.