This is your total taxable wages for federal income tax purposes. This figure includes your regular wages, bonuses and any taxable fringe benefits (such as education benefits greater than $5,250), rewards and recognition, gifts, taxable moving expenses, as well as the taxable value of group-term...
The Employee Retention Credit (ERC) is a refundable tax credit for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020 to Dec. 31, 2021. An employer is eligible for the ERC...
Estimate your potential employee retention credit amount.This is for estimate purposes only. The actual credit is based off of documents submitted. Potential ERC amount is based off the average count qualifying for all 6 quarters of the ERC program.The ERC calculation is based on total...
Some of the questions will be more relevant to your business than others, so please answer any that you feel are applicable. As we go through these questions, please keep a few things in the back of your mind. First, the statute defines a “more...
A core product or flagship product is a company's primary promotion, service or product that can be purchased by a consumer.The core product is defined as the benefit that the product brings to the customer. The actual product refers to the tangible object and relates...
Business' legal name is the name that you use on the paperwork you file to create your business. If you own a corporation, it is the name on the corporation papers you file with your state, including the articles of incorporation.This is also the name that...
LLCs are considered pass-through entities for the purpose of US taxation; they don’t file taxes in their own right, but have their income reported on the personal income tax returns of their owners. C corporations file their own tax returns. (Somewhat confusingly, C corporations can...
A trade name is the name your business is commonly known as or the name you use when advertising or doing business. A trade name is also called a DBA (doing business as) name. A good example of this is Walmart. Walmart's legal business name...
Business' legal name is the name that you use on the paperwork you file to create your business. If you own a corporation, it is the name on the corporation papers you file with your state, including the articles of incorporation.This is also the name that...
Employees have proved during the pandemic that working in an employer-controlled workspace is not necessary to ensure their productivity or engagement, with the COVID-19 pandemic fundamentally changing employer views on where and how people work best. “The office” is no longer situated in a particular...
