The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new infrastructure law has retroactively terminated it before it was scheduled to end. It now only applies through September 30, 2021 (rather than through December 31, 2021). This is unless the employer is a “recovery startup business.” … Continue reading “Infrastructure Law Sunsets Employee Retention Credit Early”
Month: November 2021
4 Red Flags Of An Unreliable Business Budget
Every company should prepare an annual business budget. Creating a comprehensive, realistic spending plan allows you to identify potential shortages of cash, possible constraints on your capacity to fulfill strategic objectives, and other threats. Whether you’ve already put together a 2022 budget or still need to get on that before year end, here are four … Continue reading “4 Red Flags Of An Unreliable Business Budget”
Businesses Can Show Appreciation — And Gain Tax Breaks!
With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties again after a year of forgoing them due to the pandemic. It’s a good time to brush … Continue reading “Businesses Can Show Appreciation — And Gain Tax Breaks!”
Competitive Intelligence Can Give Your Marketing Campaigns An Edge
It’s understandable and indeed critical to focus a marketing campaign on the strengths and distinctive benefits of the products or services in question. However, something that’s easy to overlook is how your business and its offerings differ from — and are preferable to — the competition. Making this distinction isn’t as simple as, “Well, we’re … Continue reading “Competitive Intelligence Can Give Your Marketing Campaigns An Edge”
Many Factors Are Involved When Choosing A Business Entity
Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you. Business structure types include a C corporation or a pass-through entity such as a sole-proprietorship, partnership, limited liability company (LLC) or S corporation. There are many factors to … Continue reading “Many Factors Are Involved When Choosing A Business Entity”
Protect Your Business With A Cybersecurity Assessment
Years ago, it may have seemed like only government agencies with top-secret intel or wealthy international banks had to worry about hackers. Nowadays, even the smallest small business could see its reputation ruined by a data breach, while larger companies could have their sensitive data taken hostage in a ransomware attack that costs millions to … Continue reading “Protect Your Business With A Cybersecurity Assessment”
Would You Like To Establish A Health Savings Account For Your Small Business?
With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored small business Health Savings Account (HSA). For eligible individuals, a small business HSA offers a tax-advantaged way to set aside funds to meet future medical needs. Here are the important tax benefits: … Continue reading “Would You Like To Establish A Health Savings Account For Your Small Business?”
What Business Owners Should Know About Stop Loss Insurance
When choosing health care benefits, many businesses opt for a self-insured (self-funded) plan rather than a fully insured one. Why? Among various reasons, self-insured plans tend to offer greater flexibility and potentially lower fixed costs. When implementing a self-insured plan, stop loss insurance is typically recommended. Although buying such a policy isn’t required, many small … Continue reading “What Business Owners Should Know About Stop Loss Insurance”