Employee Retention Tax Credit: What is it?

Employee Retention Tax Credit: What is it?

If you're a business owner that is still recovering from COVID-19 related financial crisis, PPP Loans aren't your only solution.The IRS approved the Employee Retention Tax Credit (ERTC) with the CARES Act. This means the IRS may give you money even if you...
The SBA is out of Money – Now What?

The SBA is out of Money – Now What?

The SBA is out of money…again.The SBA made a surprise announcement this week that they ran out of money for PPP2.Well, ran out isn’t quite accurate.They still have $14B in funding left.But $6B is earmarked for hold codes.These are basically applications with errors...

PPP Tax Impact

How Do PPP Loans Affect Your Taxes? The year is almost over, and it’s past time to organize your taxes for 2020. Considering all the twists and turns this year held, your upcoming taxes will probably look different than ever before. If you took out a PPP loan that was...