Tag: small business owners
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How to Budget with Increasing Product Costs
Posted On: August 17, 2022 by Falcon National Bank in: Manage your Business | Business Banking
Businesses everywhere are feeling the impact of increasing product costs. As the costs of necessities reach new heights, it’s more important than ever for small business owners to create a budget and stick to it. Focusing on cash flow has always been important for small businesses, but it’s now essential with consumer goods at unstable costs nationwide. Here are a few things you can do to ensure your budget can cover you in the case of an emergency. Budgeting For Small Businesses During...
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What is the Employee Retention Credit? | Does my business qualify?
Posted On: July 11, 2022 by Falcon National Bank in: Manage your Business | Business Banking
In the wake of COVID-19, the federal government is taking plenty of measures to help small businesses. One of these measures is the Employee Retention Credit (ERC). This article will cover the ERC, how it can help small businesses, and how you can seek help with applying for the program. What is the Employee Retention Credit ERC? As a part of the Infrastructure Investment and Jobs Act, the ERC is a refundable credit on qualified wages. This credit is paid to employees, but many business owners...
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