Did you know that most startups are missing out on billions’ worth of tax savings? Research has shown that VC-backed startup firms are foregoing tax savings of up to $43.9 billion, simply because they’re not choosing tax-advantageous business entities. Another way startups miss out on savings is by not leveraging startup-specific tax credits. A startup tax credit can give you the […]
Month: October 2022
How to Qualify for the Employee Retention Credit for Past Quarters
The COVID-19 pandemic affected the payroll of more than 45% of small businesses in the US. If your business suffered due to pandemic-related factors, you may be eligible for the Employee Retention Credit (ERC). Learn more about the Employee Retention Credit and how you can claim benefits even for past quarters. What Is the Employee Retention Credit? Congress created the […]
How to Do Financial Projections for a Startup
Starting a business requires a lot of planning and consideration. The amount of work you put into planning your business operations can determine its success. To help get your idea off the ground, you may seek a loan or investors to back your venture. Financial backers need to see that the money they are committing to your business proposal is […]