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An ERC loan is an advanced payment for your pending ERC refund. If your business can’t wait 12+ months for a check from the IRS, an ERC loan can help.

ERC refund, ERC loan, ERC grant. What’s the difference? Which one is right? How do you apply? We’ll walk you through the basics of the Employee Retention Credit (ERC) and how you can take advantage of this unique tax credit.

Inland marine offers coverage to protect your products, materials, and equipment from events such as theft, fire, wind and hail, water damage, accidental damage, and mysterious disappearance. It does not cover damages that occur at your main business location, damage to commercial vehicles, items shipped by air or sea, or earthquake and flood damage.

The good news is that the ERC moratorium sounds scarier than it actually is. The even better news is that eligible businesses can still submit ERC applications through reputable ERC companies in the meantime. The only real difference this makes to legitimate ERC claims is that the processing time will be affected while the IRS cracks down on illegitimate claims and improves its processes.

While all of the POS systems we’ve named have benefits, the decision should ultimately come down to what kinds of features your small business prioritizes. If you’re looking for one of the best free POS systems, Square or Zettle should be near the top of your list.

Instead of waiting up to a year or longer to receive an Employee Retention Credit refund check from the IRS, business owners are seeking ERC loans. With an ERC loan, a lender provides a percentage of an ERC refund (typically up to 65% of the refund amount) upfront so businesses have quick access to capital.

The Employee Retention Credit is a refundable tax credit. It is not a loan and does not need to be repaid. However, ERC loans and advances taken from an ERC lender will need to be repaid according to the terms in your contract.

Businesses are required to carry workers’ compensation in all states except Texas. In many states, workers’ comp is required as soon as you hire your first employee. Other states tie coverage requirements to the number of employees you have. Talk with a licensed insurance agent to make sure you have the coverage you need.

If Toast seems pricey or too restrictive, check out one or more of the restaurant POS systems on this list. Most of them offer a free trial or free demo that you can use to test out the system before committing. A lot of these Toast competitors offer month-to-month contracts (or no contracts at all) making it easier for you to move between systems if needed to find your perfect fit.