What is the employee retention tax credit? The employee retention tax credit (ERC) is a tax relief program that was enacted during the Covid-19 pandemic to help small businesses and tax-exempt organizations that paid employees during government-mandated shutdowns or experienced a significant decline in gross receipts. The ERC allows eligible employers to claim a refundable tax credit against certain payroll taxes for up to $5,000 per employee in 2020 and…

The global economy is constantly evolving and presenting new challenges for businesses. To survive and thrive in this dynamic environment, organizations need to adopt a strategic mindset and a leadership approach that can help them adapt and innovate. This is the core idea of the book Strategy as Leadership: Facing Adaptive Challenges in Organizations, written by Roberto Vassolo and Natalia Weisz, professors at IAE Business School in Argentina. Strategy as…

The recent surge in interest rates by the Federal Reserve has created a new challenge for the banking industry. As the cost of borrowing increases, banks are finding it harder to make profits from their traditional consumer banking services. Some big lenders are starting to retreat, and in some cases exit, from consumer banking, as they seek more lucrative opportunities elsewhere. The Impact of Higher Interest Rates on Consumer Banking…