Work Opportunity Tax Credit

Work Opportunity Tax Credit Work Opportunity Tax Credit Summary: The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain target groups, including those receiving long term unemployment benefits and who have consistently faced significant barriers to employment. Tax credits can range from $2,400 – $9,600. The […]

Employee Retention Credit: Is your business eligible?

Employee Retention Credit – Is Your Business Eligible Because the coronavirus has negatively affected so many businesses nationwide, a number of coronavirus payroll tax credits are available to help employers out. One option is the Employee Retention Credit (ERC). The Employee Retention Credit is a CARES Act relief measure for businesses. It is a fully […]

A Guide to Estimated Tax

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A Guide to Your Estimated Tax Are you self employed? Do you have income other than your salary? You may need to pay estimated taxes each quarter to take care of your tax bill.  What are estimated taxes (ET) and do I need to start making payments? Income taxes work as a pay-as-you-go system. The […]

7 Big Takeaways On The New Covid Relief Package

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Updated: 12/29/2020,  4:00pm  ETA The new Covid Relief Package is set to provide additional financial assistance to Americans. The hefty bill was passed by Congress Monday night 12/21/2020. President Trump reluctantly signed the bill days later on Sunday 12/27/2020, allowing $600 stimulus payments to be distributed, but urged that Americans should receive more aid and […]

How tax planning can benefit your business this year

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What is tax planning? Tax planning is the analysis and strategy of a person’s or businesses financial situation to maximize tax breaks and minimize liabilities in a legal and efficient manner. Why should you do yearly planning? If you dread to see the “taxes due” amount on your tax return, then tax planning should be […]

Everything you should know about PPP Loan Forgiveness

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Borrowed a PPP loan and want to be forgiven?  Here is what you should know: Your forgiveness application is filed with the lender directly, not SBA The application can be filed after day 56 but no later than 10 months after the end of the borrower’s covered period All loan payments (not forgiven), including interest […]

Business Spotlight: A Pretty Balance, Inc

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Today we are featuring a Rockstar women of business, Kathryn Jarrett! We are so happy to be working with Kathryn through her business journey. She is extremely talented at what she does and has a fantastic vision for her company. To top it off her she has a mission of sharing her success with other […]

What is a business plan and why do I need one?

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Thinking of starting a business? You will find one of your first steps towards success is writing a business plan.  What is a business plan? A Business Plan breaks down in detail your goals and how you will achieve them.  So, you should use it to guide you through each stage of your business. After all, […]

Key Items Every Business Needs

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When starting a business, you may find yourself googling a lot! Where should you start and what do you have to do first? Most businesses stem from an idea, passion, or solution to a problem. Most business owners are not finance and accounting experts. One of your questions may be when would you use an […]

PPP Forgiveness Made Easier!

SBA PPP Updated

Fresh updates from the SBA on PPP Loan Forgiveness – Released 10/8/2020 The SBA released a streamlined application — Form 3508S — designed specifically for those who borrowed less than $50,000. There was some talk before of loans under a certain amount being automatically forgiven, although this is not the case. This form does not make […]