ERC
Deciphering the IRS ERC Update – What You Need to Know
On Thursday, September 14, the IRS issued an announcement regarding the Employee Retention Credit (ERC) program. This IRS release contained two major updates: 1) a
On Thursday, September 14, the IRS issued an announcement regarding the Employee Retention Credit (ERC) program. This IRS release contained two major updates: 1) a
“Who works around the clock to get their customers funding? NEWITY people.” Dr. Ashok Mehta Owner of SimplyCare A medical practice that patients have been
Hello Member, The IRS recently issued a press release, warning business owners of predatory ERC filers, noting the IRS would be increasingly focused on program
“For one thousand times I’m going to say I’m grateful, NEWITY is there as a partner.” J. Marie Jones Owner of Affirm The Word Literary
Xendoo Accounting CEO Lil Roberts Answers Top 7 Questions For Small Business Owners 1. What is the number one misconception of accounting for small businesses?
As we’ve shared, not all ERC processors are created equal. The IRS continues to warn business owners about ERC processors that over-promise credits, particularly as a result
Business Outline Hannah is the business owner of a beauty salon in Seattle, WA. Her business was founded in 2013 and maintained 10-20 employees between
Picture this: You’re moving smoothly down the path of getting funded for an SBA 7(a) loan and discover the SBA requires you have certain types
NEWITY offers two different ERC programs: ERC Fast Track and ERC Advance. Learn more about each offering and which may be the right fit for you. ERC
“I wish I ran into NEWITY when I first started business” Courtland Townsley Managing Partner at Touchstone Group Real Estate Going above and beyond expectations
“For any small business, you need funding before you know you need it.” Chelsea Joffray Owner and CEO of The Hideout Salon and Lounge in
As we’ve shared, not all ERC processors are created equal. The IRS continues to warn business owners about ERC processors that over-promise credits, particularly as a result
Mylo Insurance CEO David Embry Answers Top 6 Questions For Small Business Owners 1. What is the number one misconception about small business insurance? The
“NEWITY came and helped us in our time of need, definitely forever grateful.” Eric Bryant Owner and Pediatrician at Cereal City Pediatrics, Battle Creek, Michigan
Business Outline: Javier, the owner of a vibrant restaurant in San Antonio, Texas, made it through the pandemic and worked hard to retain as many
“NEWITY saw me and what my business was doing and offered a loan to me when nobody else did, I was invisible to all other
Did you have a PPP loan? You might qualify for Employee Retention Credits (ERC) because you retained employees during the pandemic. We’ve compiled the top FAQs related
Cultivate Advisors CEO Casey Clark Answers Top 8 Questions For Small Business Owners 1. What is the number one reason small business owners fail or
SBA 7(a) loans are increasingly popular as credit becomes difficult to secure from traditional lenders. Like many government-sponsored products, there’s a significant amount of misinformation about
“NEWITY is filling a void in the marketplace for small businesses like mine, yes, absolutely.” Lincoln Baker Owner of Labco Electric Contracting Corporation in New
How 2023 SBA Business Loan Program Changes Will Affect Small Businesses We sat down with NEWITY’s Co-CEOs, Luke LaHaie and David Cody, to hear their
Business Outline: Alex is the business owner of a law firm in NYC. His business was founded in 1989 and has maintained eight employees over
NEWITY is committed to helping small businesses across the United States thrive, which is why we offer SBA 7(a) working capital loans up to $250,000. Compared
New startup businesses that began operations in 2020 or 2021 may be eligible for the Employee Retention Credit (ERC), a significant tax credit worth up to
NEWITY’s Free ERC Shutdown Consultation: How to Prepare, What to Expect, and What Comes Next We recently sat down with NEWITY’s General Counsel and Executive
Most tax years require relatively similar information to the year prior, but business owners in 2023 have the unique opportunity to do more this tax
Business Outline: Jack is the owner of a construction company in New York, NY. As Jack’s company grew, he realized he needed more capital to
Business Outline: Sue is the owner of a coffee shop in Michigan. Her business was founded in 2018 and she maintained 24 employees throughout 2020,
NEWITY sat down with ERC expert Dane Colvin who recently hosted NEWITY’s How To Apply For ERC webinar. He has been spearheading the ERC program from
NEWITY is committed to helping small businesses across the United States thrive, which is why we offer SBA 7(a) working capital loans up to $250,000.
NEWITY continues its commitment to help small businesses thrive by offering SBA 7(a) working capital loans of up to $250,000. SBA 7(a) loans are an attractive option
For businesses that made it through the coronavirus pandemic and the subsequent economic downturn, the current moment represents an exciting opportunity to bounce back and
As the Paycheck Protection Program (PPP) has come to a close and most loan forgiveness decisions have already been made, NEWITY is here to answer
Not all Employee Retention Credit (ERC) processing companies are equal. Here are three ERC processing red flags that you should never ignore. 1. Your ERC
With the holidays over and people settling back into their typical routines, now is the best moment to think ahead and create a 2023 marketing
Many people set personal New Year’s resolutions every January, but business owners can also consider setting resolutions and goals for their company. What better area
The end of the year is a stressful time for small business owners, not only because of the holiday season, but also due to year-end
NEWITY recently hosted a webinar on the Employee Retention Credit (ERC) Program with Luke LaHaie, Co-Founder and Co-CEO and Dane Colvin, Senior Associate FP&A. They
Small businesses are operating in a very different world post-pandemic. While COVID-19 created new obstacles for companies of all sizes, we can apply the lessons
Now that your business is up and running and you may be wondering if you can afford to start offering insurance – also known as
No business owner wants to waste money on marketing tactics that don’t work – that’s why tracking and optimizing marketing ROI is so helpful when
As a small business owner, you likely have a long to-do list and may not have the time or expertise to manage your own bookkeeping.
The Paycheck Protection Program (PPP) was implemented to provide financial relief to U.S. businesses during the COVID-19 pandemic. According to the latest data from PandemicOversight.gov,
The 7(a) loan program through the Small Business Administration (SBA) was created to provide access to capital for US small businesses who may otherwise have
The pandemic prompted the creation of various programs to support small businesses. While most COVID-19 aid has ended, the Employee Retention Credit (ERC) is still
When searching for capital to grow your business, it can be difficult to discern the differences between financing options and loan types. This article outlines
Marketing a small business comes with many challenges. How can you ensure you are targeting the right people with the right messages?
Since defining a target
The Paycheck Protection Program (PPP) was created to provide financial relief to U.S. businesses during the pandemic. If your PPP loan was selected for SBA
Understanding how cash is entering and exiting your accounts is paramount to keeping your business financially healthy. This article will walk you through the specifics
When you purchase an insurance policy for your business, the Declarations Page generally outlines the Terms and Conditions of the policy. Once your insurance policy
Most U.S. businesses are familiar with the Paycheck Protection Program (PPP) that provided loans during COVID-19, but some may not have heard about 7(a) loans:
More than 11.5 million Paycheck Protection Program (PPP) loans were issued as financial relief during the COVID-19 pandemic. Loans are forgivable for businesses that
If you are like most small business owners, accounting likely is not the reason you got into business, but understanding your key financial statements can
Most small business owners understand that marketing should play a role in their operations, but many don’t know where to start. One of the most
As a small business owner, there’s a significant risk that you may not be paying enough attention to: cyberattacks. It’s becoming more common for cybercriminals
One of the first effects you might feel in a recession as a small business owner is the tightening of credit conditions.
During an economic
No matter which type of business you own, you have likely contemplated the merits of which is more important: customer retention or customer acquisition. The
The Paycheck Protection Program (PPP) was an extremely popular financing option for many U.S. small businesses during the COVID-19 pandemic, as it offered favorable terms,
Small and medium businesses make up the vast majority of the U.S. economy – 99.9% of all businesses – so it’s understandable why many small
Economic downturns and recessions bring about a variety of challenges for businesses, from the obvious risk of lower revenues and higher costs, to less discussed
If you’re like most small business owners, you’re probably keeping a close eye on expert predictions about whether a recession is coming (or has already
In our recent webinar, NEWITY’s head of credit and underwriting, Adam Zaabel, walked small business owners through how to apply for a 7(a) loan in
When you first decided to open a restaurant, it was likely because of your love of food or a great concept idea. But having the
As a small business owner , you know better than anyone that marketing can make or break your business. In 2022, social media marketing is
If you are an Independent Contractor, Self-Employed Individual, or Sole Proprietor with no employees, your payroll costs are calculated straight from your Schedule C.
Business owners are busy and don’t have endless time to spend analyzing their financial data. Despite this fact, it is absolutely worth investing time to
The goal as a business owner with a life insurance policy is to protect your business as well as your family financially, while ensuring that
In small business marketing, it pays to have a plan. Business owners can derive the most value from their marketing efforts by tracking key metrics
If your PPP loan amount is $150,000 or less, you qualify to file for forgiveness using Form 3508S which is a one-page simplified version of
Inflation in the United States has soared in the past year to 8.5% and according to many experts it is here to stay for the
One of the most important items on the list of a small business owner is to keep track of their finances. After guiding many small
Owning a business can be exciting and overwhelming. To protect your business and maintain your success, it’s important to have proper business insurance coverage. Not
As a small business owner, you are focused on managing and growing your company every day. When reviewing each area of your marketing strategy it
Tax season is underway and navigating this stressful time is never easy – especially for business owners. You’re pulling together your financial information, making calculations,
Even if your Paycheck Protection Program (PPP) loan has been partially or fully forgiven, small business owners need to be aware of the tax implications
Learn more about 7(a) Working Capital Loans with Adam Zaabel, as he guides business owners through a series of video walkthroughs about what it takes
A new process to allow PPP borrowers to request an SBA loan review of partial approval forgiveness decisions issued by their PPP lenders.
If you’re like many small business owners, doing your own bookkeeping may be a source of pride – especially if you’ve done it from the
Your company changes over time, follow our roadmap to understand the insurance decisions you need to make along the way.
Even with a history of strong operations and good credit, many small business owners find that they do not fit the credit standards of traditional
NEWITY LLC and its affiliates are not lenders participating in SBA’s 7(a) loan program. SBA 7(a) loans are ultimately processed and approved by a lender participant in SBA’s 7(a) loan program.
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