Business Tax Benefits's articles The Complete Guide To Filing Independent Contractor Taxes Being an independent contractor can be one of the best career options that fit your lifestyle. Some individuals enjoy the flexibility that the job of an independent contractor provides, while others use it to manage a side hustle or two. There is no doubt in the fact that an independent contractor can be one of […] April 28, 2022April 28, 2022 Saving Bookmark this article Bookmarked 1099 Form: Definition, Types, And Many More When tax season arrives, you will find an influx of necessary tax forms coming in your mail each year. Among these forms, you may find a 1099 form, a document that details any income you received outside of the salary paid by an employer. While these forms may be quite significant for taxes, they can […] April 26, 2022April 26, 2022 Saving Bookmark this article Bookmarked Income Tax Refund: Top Tips To Maximize Your Return Getting an income tax refund can be both exciting and stressful at the same time. Many generally don’t know what to do with the sudden and possibly unanticipated windfall. There are numerous options to use the money. For example, should you save it? Should you spend it freely or invest the money? While some choices […] April 5, 2022April 5, 2022 Saving Bookmark this article Bookmarked Major Accounting Skills Your Business Needs To Succeed You all would know that accounting jobs need a degree in accounting or a related field. While a college degree might be the most essential, it is far from the only job requirement if you wish to go far in your accounting career. Having an interest in numbers and a strong work ethic helps, but […] March 31, 2022March 31, 2022 Saving Bookmark this article Bookmarked Major Cares Act Tax Breaks To Keep Your Business Stay Afloat Everyone knows that small business loans, stimulus checks, and expandable unemployment advantages have gotten the lion’s share of media reporting. However, there are numerous significant business tax breaks in the CARES Act that have not gathered a lot of attention. Most of the latest tax breaks are only temporary, while some of the tax breaks […] March 24, 2022March 24, 2022 Saving Bookmark this article Bookmarked Major Benefits To Expect When Applying For Employee Retention Tax Credit In January 2020, the United States experienced an unemployment level of 3.6%. At that time, it was one of the lowest levels that the country had seen in the last five decades. In February 2021, however, studies reveal that 8.5 million fewer people were employed than in February 2020. Everyone knows the reason for this […] March 16, 2022March 16, 2022 Saving Bookmark this article Bookmarked 5 Simple Steps To Apply For Employee Retention Credit Many small business employers are confused and curious about how the Employee Retention Credit (ERC) applies to their business. ERTC is a refundable rebate credit that a business can possibly claim on the qualified wages, such as health insurance costs paid to employees. In 2021, the employee Retention Credit allowed employers 70% of the total […] March 10, 2022March 10, 2022 Saving Bookmark this article Bookmarked Understanding The Classification Between PPP Loans and ERC The Covid-19 pandemic has led to the closure of 34% of the small businesses in the United States in 2020. The US government issued the Coronavirus Aid, Relief, and Economic Security (CARES) act, as there were many business losses during the pandemic. In addition, the CARES Act established the Paycheck Protection Program (PPP) and the […] March 4, 2022March 4, 2022 Saving Bookmark this article Bookmarked Employee Retention Tax Credit Estimate Calculator Several business owners worldwide must have struggled to make ends meet during the coronavirus crisis. Still, a tax credit like the Employee Retention Credit must have come into the picture as it is more easily accessible than several popular relief options such as grants and loans. If you have no idea how tax credits work […] March 2, 2022March 2, 2022 Saving Bookmark this article Bookmarked Employee Retention Tax Credit: Explained By The IRS Guide Small businesses constitute around 99.9% in the US. Almost half of the private workforce are these business employees of the small business. Unfortunately, this sector got hit during the pandemic, which has caused a drastic impact on the employers and the employees. It started way back in 2019, and many continue to struggle because of […] February 17, 2022February 17, 2022 Saving Bookmark this article Bookmarked Unknown Impacts Of The Omicron Variants On The ERTC Deadline The omicron variant of the coronavirus is one of the latest waves that humanity is experiencing. The virus has spread all around the globe instantly, which caused a sense of fear and trauma among the people. This has further led to new cases and lockdown extensions. However, this new variant is more contagious than the […] February 16, 2022February 16, 2022 Saving Bookmark this article Bookmarked Employee Retention Tax: How To Prepare Your Business For ERTC Funds At the end of 2021, the employee retention tax credit is set to expire. However, this does not mean all the small businesses are out of time to take advantage of the credit. The precise details of the ERTC have changed since it was created by the Coronavirus Aid Relief and Economic Security (CARES) Act, […] February 12, 2022February 12, 2022 Saving Bookmark this article Bookmarked What Is The CARES Act? National Covid Relief for Businesses The Covid-19 pandemic has triggered the worst job crisis in the history of humanity, which has led to an increase in poverty and widened inequalities. Some countries have taken various measures to cope with the Covid situation to curb the increasing job crisis. During the lockdown situations, employers have struggled to manage their workforce and […] February 11, 2022February 11, 2022 Saving Bookmark this article Bookmarked Things You Need To Know About The Employee Retention Credit The CARES (Coronavirus Aid, Relief, and Economic Security) act imbibes a business relief provision known as the employee retention credit. This credit is a refundable payroll tax credit for “qualified wages” paid to retain full-time employees from March 13, 2020, to December 31, 2020. The core aim of the ERC is to encourage employers to […] February 10, 2022February 10, 2022 Saving Bookmark this article Bookmarked Eligible For ERTC Rebate? Know It All Here We believe that a company’s worth should not be only based on the financials and revenues alone, which is something that almost every appraiser uses. It must depend on how workable the business is? Does it have any uniqueness that will support it to partake successfully in a superlative competitive business market? Will it last […] February 8, 2022February 8, 2022 Saving Bookmark this article Bookmarked
The Complete Guide To Filing Independent Contractor Taxes Being an independent contractor can be one of the best career options that fit your lifestyle. Some individuals enjoy the flexibility that the job of an independent contractor provides, while others use it to manage a side hustle or two. There is no doubt in the fact that an independent contractor can be one of […] April 28, 2022April 28, 2022 Saving Bookmark this article Bookmarked
1099 Form: Definition, Types, And Many More When tax season arrives, you will find an influx of necessary tax forms coming in your mail each year. Among these forms, you may find a 1099 form, a document that details any income you received outside of the salary paid by an employer. While these forms may be quite significant for taxes, they can […] April 26, 2022April 26, 2022 Saving Bookmark this article Bookmarked
Income Tax Refund: Top Tips To Maximize Your Return Getting an income tax refund can be both exciting and stressful at the same time. Many generally don’t know what to do with the sudden and possibly unanticipated windfall. There are numerous options to use the money. For example, should you save it? Should you spend it freely or invest the money? While some choices […] April 5, 2022April 5, 2022 Saving Bookmark this article Bookmarked
Major Accounting Skills Your Business Needs To Succeed You all would know that accounting jobs need a degree in accounting or a related field. While a college degree might be the most essential, it is far from the only job requirement if you wish to go far in your accounting career. Having an interest in numbers and a strong work ethic helps, but […] March 31, 2022March 31, 2022 Saving Bookmark this article Bookmarked
Major Cares Act Tax Breaks To Keep Your Business Stay Afloat Everyone knows that small business loans, stimulus checks, and expandable unemployment advantages have gotten the lion’s share of media reporting. However, there are numerous significant business tax breaks in the CARES Act that have not gathered a lot of attention. Most of the latest tax breaks are only temporary, while some of the tax breaks […] March 24, 2022March 24, 2022 Saving Bookmark this article Bookmarked
Major Benefits To Expect When Applying For Employee Retention Tax Credit In January 2020, the United States experienced an unemployment level of 3.6%. At that time, it was one of the lowest levels that the country had seen in the last five decades. In February 2021, however, studies reveal that 8.5 million fewer people were employed than in February 2020. Everyone knows the reason for this […] March 16, 2022March 16, 2022 Saving Bookmark this article Bookmarked
5 Simple Steps To Apply For Employee Retention Credit Many small business employers are confused and curious about how the Employee Retention Credit (ERC) applies to their business. ERTC is a refundable rebate credit that a business can possibly claim on the qualified wages, such as health insurance costs paid to employees. In 2021, the employee Retention Credit allowed employers 70% of the total […] March 10, 2022March 10, 2022 Saving Bookmark this article Bookmarked
Understanding The Classification Between PPP Loans and ERC The Covid-19 pandemic has led to the closure of 34% of the small businesses in the United States in 2020. The US government issued the Coronavirus Aid, Relief, and Economic Security (CARES) act, as there were many business losses during the pandemic. In addition, the CARES Act established the Paycheck Protection Program (PPP) and the […] March 4, 2022March 4, 2022 Saving Bookmark this article Bookmarked
Employee Retention Tax Credit Estimate Calculator Several business owners worldwide must have struggled to make ends meet during the coronavirus crisis. Still, a tax credit like the Employee Retention Credit must have come into the picture as it is more easily accessible than several popular relief options such as grants and loans. If you have no idea how tax credits work […] March 2, 2022March 2, 2022 Saving Bookmark this article Bookmarked
Employee Retention Tax Credit: Explained By The IRS Guide Small businesses constitute around 99.9% in the US. Almost half of the private workforce are these business employees of the small business. Unfortunately, this sector got hit during the pandemic, which has caused a drastic impact on the employers and the employees. It started way back in 2019, and many continue to struggle because of […] February 17, 2022February 17, 2022 Saving Bookmark this article Bookmarked
Unknown Impacts Of The Omicron Variants On The ERTC Deadline The omicron variant of the coronavirus is one of the latest waves that humanity is experiencing. The virus has spread all around the globe instantly, which caused a sense of fear and trauma among the people. This has further led to new cases and lockdown extensions. However, this new variant is more contagious than the […] February 16, 2022February 16, 2022 Saving Bookmark this article Bookmarked
Employee Retention Tax: How To Prepare Your Business For ERTC Funds At the end of 2021, the employee retention tax credit is set to expire. However, this does not mean all the small businesses are out of time to take advantage of the credit. The precise details of the ERTC have changed since it was created by the Coronavirus Aid Relief and Economic Security (CARES) Act, […] February 12, 2022February 12, 2022 Saving Bookmark this article Bookmarked
What Is The CARES Act? National Covid Relief for Businesses The Covid-19 pandemic has triggered the worst job crisis in the history of humanity, which has led to an increase in poverty and widened inequalities. Some countries have taken various measures to cope with the Covid situation to curb the increasing job crisis. During the lockdown situations, employers have struggled to manage their workforce and […] February 11, 2022February 11, 2022 Saving Bookmark this article Bookmarked
Things You Need To Know About The Employee Retention Credit The CARES (Coronavirus Aid, Relief, and Economic Security) act imbibes a business relief provision known as the employee retention credit. This credit is a refundable payroll tax credit for “qualified wages” paid to retain full-time employees from March 13, 2020, to December 31, 2020. The core aim of the ERC is to encourage employers to […] February 10, 2022February 10, 2022 Saving Bookmark this article Bookmarked
Eligible For ERTC Rebate? Know It All Here We believe that a company’s worth should not be only based on the financials and revenues alone, which is something that almost every appraiser uses. It must depend on how workable the business is? Does it have any uniqueness that will support it to partake successfully in a superlative competitive business market? Will it last […] February 8, 2022February 8, 2022 Saving Bookmark this article Bookmarked
