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THINK YOUR ESSENTIAL BUSINESS IS INELIGIBLE FOR THE ERC? THINK AGAIN.

Owners of essential businesses might assume their companies are ineligible for employee retention credits (ERC) because they neither met the revenue decline thresholds nor experienced a suspension of operations due to a government order. However, in a little-known...

Number of Active Users Required for CARES Act

Nearly 70% of small business owners applied for loans under the CARES Act. The $2.2 trillion relief bill provided many options for businesses to minimize the burden of the COVID-19 pandemic. Some of the pandemic relief programs include but are not limited to payroll...

Qualified expenses for the R&D tax credit

Qualified research expenses are central to the federal research and development (R&D) tax credit. Businesses that can identify which of their costs meet the qualifying criteria may be able to take advantage of a dollar-for-dollar reduction in their tax bill. What is...

Can a Sole Proprietor Claim the Employee Retention Credit?

If you’re one of the 23 million sole proprietorships in the U.S., you’re part of the country’s most popular form of business entity.  Because sole proprietors wear so many hats, many haven’t heard of the Employee Retention Credit (ERC). Of those that have, the...

How Will Chat GPT Impact Accounting?

The advancements in artificial intelligence and machine learning have changed the way businesses operate and make decisions. One of the most remarkable AI-powered tools in the market today is OpenAI's ChatGPT. This language model has the ability to generate human-like...

How to Apply for the Employee Retention Credit (ERC) in 2023

The Self-Filer’s Guide to Claim ERC Today The Employee Retention Credit (ERC) is providing incredible financial benefits to small and medium-sized businesses across the country. Companies in nearly every industry are receiving payroll tax refunds worth thousands or...

What are the big changes coming to 401k in 2023?

The 401(k) retirement plan is a popular retirement savings vehicle for many American workers, and changes to the plan are closely watched. One of the most well-known changes currently on the horizon is an increase in the contribution limits. The Internal Revenue...

What every business owner needs to know about corporate law

As a business owner, the law is something you can’t ignore. You may think of it as tedious paperwork that takes away from your ability to focus on running and growing your company, but understanding corporate law is essential for any successful business. Corporate...

Which small businesses were most vulnerable to COVID-19?

The COVID-19 pandemic has had a severe impact on small businesses across a wide range of industries. Many businesses that were heavily reliant on in-person interactions and foot traffic, such as restaurants, bars, and retail stores, were particularly vulnerable to the...

41% of small businesses can’t pay rent this month

(The Center Square) – More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year. The small business network group Alignable released the survey, which found that the hardship varies by...
What are the big changes coming to 401k in 2023?

What are the big changes coming to 401k in 2023?

The 401(k) retirement plan is a popular retirement savings vehicle for many American workers, and changes to the plan are closely watched. One of the most well-known changes currently on the horizon is an increase in the contribution limits. The Internal Revenue...

read more
What every business owner needs to know about corporate law

What every business owner needs to know about corporate law

As a business owner, the law is something you can’t ignore. You may think of it as tedious paperwork that takes away from your ability to focus on running and growing your company, but understanding corporate law is essential for any successful business. Corporate...

read more
Which small businesses were most vulnerable to COVID-19?

Which small businesses were most vulnerable to COVID-19?

The COVID-19 pandemic has had a severe impact on small businesses across a wide range of industries. Many businesses that were heavily reliant on in-person interactions and foot traffic, such as restaurants, bars, and retail stores, were particularly vulnerable to the...

read more
41% of small businesses can’t pay rent this month

41% of small businesses can’t pay rent this month

(The Center Square) – More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year. The small business network group Alignable released the survey, which found that the hardship varies by...

read more
Should construction companies file for employee retention credit?

Should construction companies file for employee retention credit?

The federal government intervened when the COVID-19 pandemic started closing down enterprises nationwide, having a huge negative impact on the economy, by sanctioning billions in economic stimulus through the Paycheck Protection Scheme (PPP) and the Employee Retention Credit (ERC) program.

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