Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is a refundable credit that eligible businesses can claim on certain wages paid to their employees. This credit can be claimed through December 31,…
EIDL Updates
The SBA recently announced some major changes to the Economic Injury Disaster Loan (EIDL). The EIDL loan was originally a $150,000 loan (not forgivable like the PPP) at 3.75% interest…
Q3 Tax Planning
Tax planning? Now? But it’s not even close to tax season! Are you on target for a successful 2021 tax season? By the end of Q3, all our clients (more…
Bonus Depreciation of Assets
What is Bonus Depreciation? As a shop owner, if you invest in certain qualifying assets, the cost, for tax accounting purposes, has traditionally been spread out over the useful life…
5 Reasons to Consider a Coaching Company
A lot of shop owners decide at some point to hire a coaching company to assist and advise them on the various aspects of being a business owner. Being an…
2021 Child Tax Credits
In March of this year, Congress passed The American Rescue Plan Act. This included an increase in the Child Tax Credit for 2021 only. Under the old laws, this credit…
Your Perfect Shop – Audio Book Now Available!
BIG NEWS! Hunt’s book, Your Perfect Shop, has been updated and made into an audio book! This book is a great tool for any shop owner, whether you’re just starting…
How Often Should You Look at Your Numbers?
With tax season behind us, it is time to move forward and begin planning for next year! A lot of shop owners don’t look over their financials as often as…
5 Things To Do Now That Tax Season Is Over
If you filed for an extension, get on with it. Sometimes shop owners need to file for various extensions which means that tax season isn’t actually over. Take advantage of…
Work ON your business, not IN your business
As a shop owner, it is imperative that you work ON your business, and not IN your business. I’m sure you have heard this before, but what exactly does it…