This overlooked tax credit might be better for your business than a PPP loan — and you could even apply for a cash advance. A CPA explains how to decide
"I think it's worth at least a few minutes of your time to sit down and see which one of these gives you the most money," she told Business Insider.and it's recommended that you consult with a tax expert or your payroll provider service to know exactly what options are available to your business.
As the impact of the coronavirus pandemic is starting to be understood, McNeil says many businesses will have an easier time proving their case, especially if your business was subject to mandatory closure.Your average payroll is $24,000 or less "You might be much better off with the tax credit because you can decide when you call your people back and still get it," she said.
"If you report them, they're never going to come back," McNeill said. "If they're key employees and they have a job skill that you really want to have back, you have a dilemma."
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