Alignable

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Wednesday, December 16, 2020

Some small business owners are seeking professional help with no upfront fees.

 



Talking to a financial adviser for more specific advice does not constitute professional financial advice.

If you can improve your personal finances with a solid emergency fund, strong personal credit, and a diversified portfolio of retirement savings aside from the equity that you own in your business, you will more likely be able to focus on running your company with a mindset of calmness and optimism. 

And for business owners, who are some of the busiest people in the world, having peace of mind about business savins can be truly priceless.  


Now help is only a click away at www.BusinessRefund.com

Friday, December 11, 2020

As businesses begin to reopen, owners are finding themselves in desperate need of cash flow.



While some programs are still available and can be the bridge that keeps your business alive, there are two new tax credits available through the CARES Act that you can take advantage of right now.

We’ve developed a tool that allows you to see your potential benefit.

Please let me know what you think. 


Thursday, December 10, 2020

The R&D Tax Credit Can Benefit Many US Businesses.

 


Business firms in the U.S. are constantly needing to remain agile in order to keep up with the latest trends and business needs.

One solution for them is to take advantage of a government incentive that was enacted to reward American businesses for innovating—an activity that many businesses do nearly every day.

The Research and Development Tax Credit (R&D Credit), which is claimed by U.S. companies collectively at a rate of approximately $10 billion per year, was enacted in the 1980s to encourage American businesses to innovate in order to help our country’s economy thrive.

The credit has been expanded throughout the years through legislative and judicial activity, including the most recent change to the credit: the elimination of the corporate Alternative Minimum Tax (AMT) and the curbing of the number of pass-throughs subject to individual AMT.

This loosening of AMT restrictions has removed the most significant hurdle that prevented companies from using the credit, and opened the gates for businesses across the country to lower their tax liability.

A basic requirement of the R&D Credit is that the business is designing or improving a process or product.

Many businesses think they do not qualify, but now they can find out in seconds via 



Wednesday, December 9, 2020

Businesses stressed by the coronavirus are seeking to hire and retain workers through tax incentives.

 



The IRS has opened a tool kit of exceptions to its standard policies on hiring, assigning and paying employees. This is clearing the way for increased recruitment, retention and relocation incentives for businesses.

These are among a number of moves over the past two months affecting both current and prospective employees in response to the Covid situation. This not only applies to for profit companies, but can also apply to non-profits. 

The amounts can be from $2400 - $9600 per person and can be quickly determined by going to WOTC and answering two simple questions, no contract is required and live support is available to answer all questions Mon-Fri from 9am-5pm EST


Tuesday, December 8, 2020

Monday, December 7, 2020

It’s just been one different set of rules after another for business owners!


Take Jim Cory (owner) who resumed dining service at Jimmy’s Roadhouse in rural Newaygo, MI and now faces a threat by the state health department to revoke his licenses.

Corey complained (rightly so) that the governor “throws up something different every time you turn around.”

The owner said Jimmy’s Roadhouse has been in his family since 1970 and estimates he's lost about $65,000 since mid-March, when the governor told restaurants to close dining rooms and offer only takeout.

Cory says he received a loan from the federal Paycheck Protection Program, he said the money can only be used to pay his employees.

This astute business owner may now be looking at Business Refund for emergency relief for business owners that has no upfront fees.

Tax law provisions are available to help businesses recover financially from the impact of this disaster.

By completing a quick survey, the software will search hundreds of Local, State, and Federal programs that fit their qualifications and help them claim their benefits, often with a check arriving in 3-6 weeks that does not have to be paid back.

 

Saturday, December 5, 2020

The R&D credit is reward for innovation and problem-solving...

 ...and there's really no industry limitation.



Any business that is eliminating technical uncertainty in the development of products or experimenting and relying on science to really develop a product is a very good candidate for an R&D credit.

Anyone looking to leverage the R&D tax credit should first visit BusinessRefund.com and then consult with their accounting team.