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IRS Pauses New ERC Claims Amid Growing Concerns: Impact on Business Owners

It’s truly unfortunate that the program is being placed on hold due to bad actors trying to exploit it. It’s also frustrating that the IRS hadn’t taken more proactive measures to stop or prevent fraud prior to the rising concerns.

It’s now a waiting game for eligible business owners until the moratorium is lifted. In the meantime, you can review your

We will help you grow your small business.

svb, bank, bank failure, silicon valley bank, bank vault

Silicon Valley Bank Failure & Its Impact on Business Lending

There is a simple answer and a complex answer to why the bank failed. The simple answer is that it experienced bank run and didn’t have the money on hand to cover withdrawals. A bank run is when many depositors withdraw their funds at the same time. When the bank couldn’t produce the funds to cover withdrawals, regulators stepped in

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architecture, building, business

What is Invoice Factoring?: The Essential Guide

Some businesses wait weeks between providing goods and services and getting paid, known as selling on credit. When a business sells on credit, it issues an invoice to the company that owes the money and adds it as a journal entry in accounts receivable.

While the business is waiting for that money to come in, bills and expenses keep coming. Sometimes

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