Posts

Showing posts with the label grant

From Idea to Funding: The Road to Securing a Startup Business Grant

Embarking on the entrepreneurial journey of launching a startup can be both exhilarating and daunting. One key aspect that often stands in the way of turning a brilliant idea into a thriving business is securing funding. While traditional routes like loans and investments are common, startup business grants offer a unique opportunity for entrepreneurs to kickstart their ventures without accumulating debt or giving up equity. So, Can You Get A Startup Business Grant ? The answer is yes, but the process requires dedication, research, and strategic planning. Understanding what startup business grants entail is the first step towards successfully securing one. Unlike loans that need to be repaid or investments that involve sharing ownership, grants are essentially free money awarded to businesses for specific purposes - such as research and development, innovation, job creation, or addressing social issues. These funds can come from various sources including government agencies, non-prof...

Streamlining Your Grants Process: The Power of Grant Management Software

In today's fast-paced world, efficient grant management is crucial for organizations looking to secure funding and make a positive impact on their communities. The process of managing grants can be complex and time-consuming, involving multiple stakeholders and intricate workflows. This is where grant management software comes into play, offering a powerful solution to streamline and optimize the entire grants process. Grant management software provides a centralized platform for organizations to manage all aspects of their grant lifecycle efficiently. From application submission to fund disbursement, these tools offer a wide range of features designed to simplify the process and improve overall productivity. One key feature of grant management software is its ability to automate repetitive tasks, such as data entry and reporting. By eliminating manual processes, organizations can save time and resources, allowing staff to focus on more strategic initiatives. Another important f...

The Employee Retention Credit

   It's a credit associated with employment taxes, but it's based on wages you paid to your employees, so it's essentially rewarding you as an employer for keeping your people paid throughout the pandemic.    Established by the CARES Act, the ERC is a refundable tax credit – a grant, not a loan – that a business can claim even if they had to shut down business permanently. The Employee Retention Credit Tax is readily available to both small and mid-sized businesses and is based on qualified incomes and healthcare paid to employees.   Qualifying businesses can make the most of the following offerings: - Approximately $26,000 per employee - Available for 2020 and the very first 3 quarters of 2021 - Qualify with decreased profits or COVID event - No limit on funding - Employee Retention Credit (ERC) is a refundable tax credit   The ERC has actually gone through a number of changes and has many technical details, consisting of how to determine qualified wages, which employees ...