Lendio

JANUARY 20, 2023

While the government passed multiple COVID relief packages for small businesses, including the CARES Act, the quick action often left questions about eligibility requirements. For restaurant owners, many wondered whether tips are included in the Employee Retention Credit. What about the FICA tip credit?

Small Businesses 52

Small Businesses 52

Lendio

MARCH 14, 2023

You’ve probably already heard that the end of pandemic-era tax credits is adding up to smaller tax refunds this year for individuals. Most of the credits from the pandemic have expired,” Kauffmann indicates—and that goes for business owners, too. Check the Employee Retention Credit.

Small Businesses 52

Small Businesses Deductions 52

Lendio

JUNE 6, 2023

The Employee Retention Credit is a legitimate way to offset the costs of keeping employees on the payroll during the COVID-19 pandemic. Unfortunately, some dishonest people are using the credit to scam small business owners. The IRS first issued a public notice about ERC scams in October 2022.

Small Businesses 52

Small Businesses 52

Lendio

JUNE 6, 2023

The Employee Retention Credit (ERC) is one of the most lucrative tax credits for small business owners. Fortunately, if you had employees on the payroll during the COVID-19 pandemic, you can still claim it retroactively. How Does the Employee Retention Credit Work? What are Qualified Wages?

Nonprofit Organizations 52

Nonprofit Organizations Deductions Small Businesses 52

Lendio

JANUARY 12, 2023

The Employee Retention Credit (or ERC) was launched by the federal government to provide financial relief to small businesses that kept employees on the payroll throughout the pandemic. The credit is available for the 2020 and the 2021 tax years, and eligible businesses may retroactively apply using IRS Form 941-X.

Credit and Collections 52

Credit and Collections Small Businesses 52

Lendio

JANUARY 30, 2023

Have you heard of the Employee Retention Credit (ERC)? Now, even though the economic impacts of the pandemic have subsided, business owners like you can still take advantage of this tax credit. General Overview Questions What Is The Employee Retention Credit (ERC)? The ERC is a tax credit.

Deductions 52

Deductions Small Businesses 52

Lendio

JANUARY 24, 2023

Among them was the Employee Retention Credit (ERC), which rewards organizations for keeping employees on the payroll during the pandemic. Unfortunately, accounting for the Employee Retention Credit can be challenging. How Does The Employee Retention Credit Work?

Revenue Recognition 52

Revenue Recognition Deductions 52

Lendio

JANUARY 20, 2023

Part of the legislation was the Employee Retention Credit , which was designed to provide impacted businesses with a tax credit to help fund employee wages. Subsequent legislation extended this credit to 2021 as well. Even essential businesses with impacted revenue may be eligible.

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Lendio

APRIL 20, 2023

The good news is that the federal government offers dozens of tax credits to small business owners. Tax Credit Vs. Tax Deduction It’s important to note that these tax credits differ from tax deductions in terms of how and when they’re applied. Tax credits, on the other hand, are applied after you’ve calculated your taxes.

Small Businesses 52

Small Businesses Deductions 52

Lendio

JANUARY 12, 2023

If you launched a venture after February 15, 2020, you might qualify as a recovery startup business and be eligible for the Employee Retention Credit (ERC). What Is the Employee Retention Credit? The ERC is a refundable tax credit claimed on quarterly payroll tax filings.

Small Businesses 52

Small Businesses 52

Lendio

JANUARY 24, 2023

One of them, the Employee Retention Credit (ERC), rewards those that continued paying wages despite experiencing decreased revenues or operational shutdowns. Initially, many taxpayers eligible for the ERC were uncertain whether wages paid to owners employed by their businesses qualified for the payroll tax credit.

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Lendio

DECEMBER 13, 2022

Speaking of taxes, if your business employed workers through pandemic slowdowns in 2020 and 2021, you may be eligible for the Employee Retention Tax Credit, which can net you up to $26,500 in tax credits (and even a refund?) per employee. You can find out here if your business may be eligible for the cash.

Credit and Collections 52

Credit and Collections Bankruptcy Small Businesses 52

Fundera

AUGUST 1, 2019

Optimum HR is a professional employer organization (PEO) that provides payroll processing, employee benefits administration, hiring and onboarding services, compliance and risk management, performance management, employee training, and HR software. Because of this, Optimum reports a 93% customer retention rate.

Small Businesses 40

Small Businesses Credit and Collections Dashboards Deductions 40

Lendio

JUNE 6, 2023

The Employee Retention Credit is among the most lucrative tax credits available to small business owners in 2023. However, it can be pretty tough to navigate, especially the credit calculation. How Does the Employee Retention Credit Work?

Nonprofit Organizations 52

Nonprofit Organizations Default Small Businesses 52