Food and Beverage Guides & Resources
What Is A Tax Deduction?
By knowing the basics of what tax deductions are and how tax deductions operate, you’ll be able to understand how to lower your overall taxable income and take the deductions you’re eligible for with confidence this tax season.
7 Best Retail POS Systems In 2023
In retail, your POS system isn’t just a cash register. It’s your lifeline to sales reports, inventory management, customer loyalty, and a whole lot more. These seven retail POS systems make running your business less stressful and more profitable.
IRS Announces New ERC Claim Withdraw Policy: What It Means For ERC Filers
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.
How To Sell Gift Cards For Small Business In 2023
Wondering if you should add a gift card program for your small business? Here’s everything you need to know about different types of gift cards, where to get them, and some of the best gift card programs for a variety of business types.
Is An ERC Loan Worth It? ERC Loan Advantages & Disadvantages
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.
How To Apply For An ERC Loan
Instead of waiting up to a year or longer to receive an Employee Retention Credit refund check from the IRS, business owners are seeking ERC loans. With an ERC loan, a lender provides a percentage of an ERC refund (typically up to 65% of the refund amount) upfront so businesses have quick access to capital.
The Small Business Owner’s Guide To ERC Fees
Employee Retention Credit fees are fees that are paid to a CPA, tax expert, ERC specialist, or other expert that claims the ERC on a business’s behalf.
What Is An ERC Grant?
While the ERC program does have a few similarities to grant programs, there is not an actual ERC grant. Instead, the ERC is a refundable tax credit available to eligible small businesses that kept employees on payroll throughout 2020 and 2021.
When Is The ERC Tax Credit Deadline?
To qualify for ERC in 2020, businesses must have paid qualified wages to employees from March 13, 2020, through December 31, 2020. To qualify for ERC in 2021, businesses must have paid qualified wages to employees during the period of January 1, 2021, through September 30, 2021.