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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...

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...