In general, if you purchase health insurance through the Marketplace, you don’t qualify for any premium assistance when your income is too high. However, for 2021 and 2022, if your household income is more than 400% of the federal poverty line (FPL), you may be eligible to claim the premium tax credit (PTC) and will not pay more than 8.5% of your income for coverage.

If you’re wondering where to find business start-up funding, there are a variety of options available to you. Each of these options has its advantages and disadvantages, and it’s important to pick the funding that meets your needs and works for your business.

The unfortunate reality is most business owners don’t take proper holidays. Usually this is because their business relies on them and they don’t have the support to keep the business running without them. As a business owner, have you ever considered what would happen to the business if you had to take a six months break because of a serious illness or injury?

If you want your business to grow, at some point you’ll have to think about scaling it. Scaling it isn’t exactly the same as growing it, though they are often used interchangeably. Growth refers to adding resources and increasing your revenue in a linear fashion. You double your number of offices to double your number of customers, for example. Scaling means increasing your revenue without a substantial increase in the resources used.

The source of your income helps determine if you need more or less cash. If your income isn’t highly diversified—that is, if the majority of your income comes from one or two main clients—you’ll need to have more cash on hand.

You’ve probably heard the maxim that it’s better to work smarter than harder. Working smarter means allocating your time, energy and money so vital tasks get done more efficiently, freeing up your personal time.

If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand your market. But there are important things to consider before adding to your income streams.

On November 8, the U.S. will open borders to foreign travelers, marking a new stage in the pandemic. The Delta variant surge is easing, vaccinations and boosters are available to more people, and mask mandates are being dropped in some places. Case counts appear to be decreasing, and hospitalizations are declining in most parts of the country. However, worker shortages—particularly in restaurants—persist as a reminder that the pandemic is still not behind us

As a means to fund the Biden administration’s ambitious infrastructure and social policy bill, one proposal is to require banks to report data to the IRS for accounts with total annual deposits or withdrawals worth more than $600

Cities and locales, from Topeka, KS, to two counties in Alabama, are offering qualified remote workers incentives that range from cash to help buy a house to free coffee and martial arts classes

The deadline to unenroll from advance Child Tax Credit payments before the October 15 deadline was October 4. Nontraditional families, divorced parents, or anyone with a complicated

According to the Federal Reserve, U.S. household wealth rose to a record high of $141.7 trillion in the second quarter of 2021. Contributing factors are the increase in real estate values and stock prices.

Are you still waiting on a tax refund from the IRS? A backlog of returns, a workforce shortage, technology difficulties, and a higher rate of errors on returns mean that it may take the IRS up to 120 days to issue refunds. Although the IRS says it has processed all error-free returns received before April, pandemic-related challenges combined with the expanded child tax credit, missing information, and possible identity theft continue to delay refunds.

Residents of New York and New Jersey impacted by Hurricane Ida now have until January 3, 2022 to file business and individual tax returns and make tax payments. This extension applies to any tax returns or tax payments that normally would be due between September 1, 2021 and December 31, 2021. Residents of Louisiana also have the same extension to file tax returns and pay taxes.

Business owners can’t find enough people, so stores and restaurants are short-staffed. These are all symptoms of a massive shift in employment that has been called “The Great Resignation,” but which appears to be more of a reassessment of work and a mismatch between the skills that employers want and the opportunities that employees seek.

As a business owner, it’s important that you know when to spend money and when to save it. If you’re looking for ways to save your money, consider alternatives to traditional marketing, review your subscription list, and explore whether it’s possible to cut back on office expenses. These money saving steps will boost your finances.

The key to benefitting from competition is knowing how to effectively take on competitors so your company earns a profit. Here are some ways to get ahead of established companies and grow your business.

Financial setbacks are upsetting and frustrating, but they don’t mean your business is finished. Follow these strategies to give your company the best chances of recovery.

Times may be tough right now, but try your best to stay the course and use this as an opportunity to strengthen your relationship with your customers and prospects. Just because you’re on a tight budget doesn’t mean you have to stop marketing and give up the chance to boost sales.

The SBA is relaunching the SVOG program with a supplemental grant program to disburse the remaining $7.2 billion. Supplemental grants are available only to qualifying live entertainment and other related businesses that already received funding. Eligible organizations will receive invitations to apply for additional funding, up to 50% of their original award amount.

The government is ending Federally funded unemployment as of September 6, 2021. There is still a challenge for some to find a job based on required skills and types of jobs available.

Last week, the SBA announced that the SVOG program will be closing to new applications at 11:59 pm PT on Friday, August 20, 2021. This program provides grants for live venue operators, promoters, arts organizations, and other businesses that were closed due to the COVID-19 pandemic.

THE AMERICAN RECOVERY PLAN ACT (ARPA)

Paycheck Protection Program (PPP)

Last week, the SBA opened a portal that allows businesses to apply for forgiveness of PPP loans of $150,000 or less directly. Lenders must agree to use the portal, or this simplified option won’t work for the borrower. While about 900 lenders have so far signed on, the big banks are opting out.

Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business.

Cash flow refers to the movement of money into and out of your business. It’s based on the amount of money you bring in minus the amount you spend. A positive cash flow means you’re bringing in more than you’re spending. A negative cash flow means you aren’t bringing in enough to cover your expenses. Your company can run into problems by not charging enough for goods or services, having clients who are chronically late to pay, growing too quickly or simply spending too much money.

Your 30s are an exciting time. You’re typically making more money than you were in your 20s and you’re looking to the future to determine the type of life you want to live. Your 30s are also a great time to take control of your finances, so you have more security and flexibility in the coming years.

Business partners should have a shared vision for the company so they’re all working towards the same goals. It’s okay for partners to have slightly different views on how to achieve those goals, but overall the vision should be aligned.

The IRS is expanding the COVID-related paid leave tax credit to include time that workers take off to take family members to get the COVID vaccine or to help that family member recover from the effects of the vaccine.

As the advance Child Tax Credit payments began arriving a few weeks ago, many parents were surprised to receive a different amount than expected, and many have had questions about the amounts they received. Parents with children who will turn 6 or 18 by the end of the year may be receiving less than expected: only children under the age of 6 are eligible for $300 payments, and only children between the ages of 6 and 17 are eligible for the maximum $250 per month payment.

In 2022, Social Security beneficiaries may see the biggest increase to their benefits in decades as inflation pushes the Consumer Price Index up 5.4% since last year.