This FAQ is not included in the Internal Revenue Bulletin, and therefore may not be relied upon as legal authority. This means that the information cannot be used to support a legal argument in a court case. 1. What is the Employee Retention Credit? The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of … Read More
4.8.20 Reporting the New Employee Retention Credit
Reporting the New Employee Retention Credit: Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a refundable payroll tax credit is available for 50% of qualified wages paid by eligible employers to employees after 3/12/20 and before 1/1/21. The credit is available to employers, including nonprofits, (1) whose operations were fully or partially suspended due to a COVID-19-related … Read More
4.7.20 UPDATED PPP Guidance
INTERIM FINAL RULES – PAYCHECK PROTECTION PROGRAM LOANS Frequently Asked Questions (FAQs) The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES … Read More
What is Cash Flow Planning?
What Is Cash Flow Planning? In simple terms, “cash flow” refers to all forms of cash and assets that come and go from anyone. Companies value cash flow because it offers a clear distinction between what they owe and what they’re earning. Business Cash Flow Planning Many businesses have a cash flow plan in place to ensure that they’re properly … Read More
SWOT Analytics: What It Is and When to Use It
SWOT Analytics: What It Is and When to Use It A SWOT analysis is a compilation of your company’s strengths, weaknesses, opportunities and threats. The primary objective of a SWOT analysis is to help organizations develop a full awareness of all the factors involved in making a business decision. Perform a SWOT analysis before you commit to any sort of … Read More
Breakdown of the major provisions small businesses included in Congress’ aid package
Here’s a breakdown of the major provisions small businesses included in Congress’ aid package: As more information becomes available we will update this information accordingly. An emergency grant of up to $10,000: Small businesses may apply directly to the federal Small Business Administration to receive an economic injury disaster grant of up to $10,000 that does not need to be paid back. … Read More
A Guide to PEOs and Employee Leasing
Professional employer organizations (PEOs) are valuable because they take the frustrating corporate tasks out of your hands so you can focus on running your business. Your ability to wear multiple hats – part of what made your business so successful – can become counterproductive as your business grows, draining you of the valuable time and resources you need to keep … Read More
Should a Company Own its Own Building?
Here’s How to Determine When It Makes Sense Lease versus own. The question of paying rent stumps many executives. Here are the major factors to consider. Most entrepreneurs live, work, eat, and sleep their companies. How to operate more efficiently and profitably, improve customer experiences, and grow sustainably are frequent sources of inspiration and agitation. Usually, cutting costs while increasing equity represents a formula for success … Read More