Tag: business ownership
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Employee Retention Credit (ERC): This is a monster to understand. Is it worth it?
Posted On: February 24, 2022 by Falcon National Bank in: Manage your Business | Business Banking
The Employee Retention Credit (ERC) is a tax credit developed in 2020 as a temporary coronavirus-relief provision to assist businesses through the pandemic. It has since gone through several revisions and has provided billions of dollars in tax relief for businesses. All wonderful intentions, but like many of these relief efforts, there are stipulations around qualification and required documentation to take advantage of it. We recommend talking with your tax preparer to determine your potential...
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Bank Loans versus Investors: Weighing the Options of Start-up Capital
Posted On: March 22, 2021 by Falcon National Bank in: Manage your Business | Business Banking
When you are younger and need some spare money to fix your car or pay an unexpected bill, you might borrow money from your family or get a part-time job. When a new business needs start-up capital to get on their feet, the options are much more deliberate and thoughtful. There are two main options when earning capital to start a business: taking out a business loan from a financial institution or partnering with an investor. Of course, there are benefits and drawbacks to each option. Borrowing...
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