Business expenses are the cost of, you guessed it, doing business. In this article, we’ll explore why it’s so important to categorize your business expenses and how you can do so efficiently and effectively.
The answer to this question depends in part on what kind of business structure you have. The ERC is available to any sole proprietorship, LLC, S-Corp, C-Corp or 1099 employee that meets the eligibility requirements.
The short answer is yes: You can get the Employee Retention Credit (ERC) even if you’ve received a Paycheck Protection Program (PPP) loan. That wasn’t always the case, however.
If you didn’t claim the Employee Retentions Credit in 2020 because you received a Paycheck Protection Program (PPP) loan due to the Coronavirus pandemic, here are some good news.
When you track your variable costs, you are able to see where you can cut back a little or even splurge when the time is right. The smallest of changes can add up to a big difference in the long term.
Are you familiar with the term trade credit? If you are a business that needs to purchase goods or services, trade credit can be a very helpful tool when balancing your budget and establishing credit.
