Tribal News

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How Employee Retention Credit Can Help Employers

Many businesses are unaware of the Employee Retention Credit (ERC) or may have misconceptions that it’s a scam. We want to assure you that this credit is legitimate and encourage you to seize this opportunity while it’s available. This credit applies to qualified wages paid between March 12, 2020, and January 1, 2022. Don’t miss out on this valuable opportunity to benefit your business.

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Are Tribal Governments and Tribal Entities Eligible for Employee Retention Credit?

The Employee Retention Credit (ERC) is a stimulus program introduced by the government to support businesses during the COVID-19 pandemic. It is designed to incentivize employers to retain their employees by providing them with a refundable tax credit. By offering the ERC, they aim to alleviate financial burdens, encourage business continuity, and contribute to the overall economic recovery. This program serves as a lifeline for businesses, helping them navigate the uncertainties and maintain stability in their workforce.

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Boost your Business through the Employee Retention Credit

The Employee Retention Credit (ERC), introduced under the CARES Act relief package during the initial stages of the COVID-19 pandemic, aimed to provide additional incentives for smaller businesses to retain their employees. Despite being overshadowed by the Payment Protection Program, the ERC serves as a valuable tool to encourage employee retention and bolster businesses during challenging times.

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Strategies to Address Uneven Cash Flow

It is not uncommon for businesses to experience irregular cash flow. Seeing increasing sales figures, but still struggling to pay bills and meet payroll. The good news is that there are several ways to address this issue.

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Mastering the Power of Budget Control

Budget control is an essential aspect of running a successful business. Budget control refers to the process a company uses to track actual spending against the planned budget. Not only does this help keep spending under control, but businesses are able to create a more accurate budget and maximize their profits.

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Creating an Effective Budget for your Business

A proper budget in place, businesses can anticipate expenses, plan for major increases in cost and even make changes to the company depending on operational needs. Allowing for goal setting, clear business priorities, preparation for emergencies, and allow for seamless report generation for potential investors. 

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Business Tip

As a business owner, setting goals is a critical step to achieving success. However, simply setting a goal without a clear plan in place can lead to frustration and disappointment. That’s where the concept of “starting at the end” comes in.

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