For purposes of the employer shared responsibility provisions, a full-time employee is, for a calendar month, an employee employed on average at least 30 hours of service per week or 130 hours of service per month. There are two methods for determining full-time employee status: The monthly...
Per the American Rescue Plan Act, a business that opened its doors during the pandemic can receive the credit. Your startup may be eligible if you meet the following criteria. 1. You started your business on or after February 15, 2020. 2. Your annual gross receipts don’t...
Tribal Entity means any entity created and owned by the Tribe for economic or governmental purposes and any entity which is controlled by the Board of Directors. For purposes of this Chapter, an entity shall be deemed to be controlled by the Board of Directors...
When seeking government information, it is important for you to be able to distinguish between federal, state, and local government bodies. The situation is more complex than it might otherwise seem because of the U.S. system of federalism. The concept of federalism is complicated, but...
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...
