In 2020, the CARES Act created a new concept of tax credit called The Employee Retention Credit. This credit did not get a lot of publicity at the time because it was dwarfed by the Paycheck Protection Program and a pandemic. In December 2020, the Employee Retention Credit (ERC) was extended to June 30, 2021. On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA). ARPA extends the…
Read MoreOne of the best tools to forecast cash requirements is the 13-week cash flow forecast. It can help a business owner predict what their cash balance will be 13 weeks in the future. It helps to answer whether there will be enough cash to cover payroll and bills for a particular week. If you’re having significant ups and downs in your cash balance, it’s the perfect tool to help gain clarity around your cash needs.…
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