Kris Harper
Employee Retention Credit Worksheet, Employee Retention Credit Form 941, 7200, 1120 With Examples & Employee Retention Tools To Fill Out ERC Credit Form In A Simple Way
Simple ERC Guide: Employee Retention Credit Worksheet To Maximize Results, All Important Forms, Best Employee Retention Tools That Help Filling Out ERC Form 941, 7200, 1120 & Tips
Overview Of ERC
According to a recent article published by Forbes, some of the most prevalent remarks that job searchers are making during this period, which has been termed “the Great Resignation,” include the following phrases:
“I don’t believe my contributions are appreciated at this company.”
“Several of my contemporaries have left the organization, and they have been presented with amazing opportunities.”
If I quit the company tomorrow, I highly doubt that anybody would even notice my absence.
“Rather of promoting from within, the corporation continues to bring in new employees from outside the organization.”
So, what’s the common thread that runs across all of these feelings? Why do people decide to quit their jobs? An absence of acknowledgment for employee contributions.
Recognizing employees for their contributions may seem to be a straightforward solution and in order to carry it out effectively, both a system and ongoing efforts are required. However, do you believe that it is really worth the additional effort?
Without a doubt, particularly taking into account the fact that between 50 and 75 percent of staff turnover may be prevented.
Other factors, such as emotional safety, team camaraderie, and mental wellness, bear equal weight in the equation for employee retention. Things like pay, bonuses, and work-life balance are important, but they aren’t the only factors that count.
We’ve compiled a bunch of resources for you that will help you get more productive when it comes to filling out your ERC paperwork.
Let’s get started with the helpful Employee Retention Credit Worksheet first, then have a look at the different forms that play an important role with ERC, then we take a look at the best tools that help with the ERC process, and we finish off with some killer tips that help increase your business reputation in order to make your employees stick and your company thrive way beyond 2022.
WORKSHEETS:
Employee Retention Credit Worksheet That Helps Explain ERC to Small and Middle Sized Businesses
Click here to download your Employee Retention Credit Worksheet PDF
During the course of the previous year, a number of rules and regulations that are favorable to commercial enterprises and charitable organizations were passed. The CARES Act, the Coronavirus Assistance Package, and the most recent American Rescue Plan Act (ARPA) each provide employers special relief in the form of the Paycheck Protection Plan (PPP) and the Employee Retention Credit.
These measures were passed in response to the outbreak of the coronavirus (ERC). During this time of enormous unpredictability, these programs may be a savior for your company or charitable organization and help retain employees in their jobs. On the other hand, they may be frightening and demand computations and reporting that even the most seasoned experts could find difficult to understand.
Professional ERC Advisors from Bottom Line Concepts are available to make this process simpler and FREE. They want you to be able to concentrate on running your company and achieving your goals without being distracted by the complexities of complying with various tax laws and regulations.
Most recently, ARPA established new requirements linked to the employee retention credit, which may bring financial advantages to your company as well as the nonprofit organization that you work for. To be more specific, the Employee Retention Credit (ERC) has had its expiration date pushed back to December 31, 2021 from June 30, 2021.
Throughout this prolonged period of time, the ARPA will maintain the ERC rate of credit at the previous level of 70%. Additionally, it maintains the possibility of earning up to $10,000 in eligible compensation throughout any given calendar quarter.
When taking into consideration both the extension of the Consolidated Appropriations Act and the extension of the ARPA, this indicates that a company has the potential to have up to $40,000 in qualifying wages for each employee until the year 2021.
Producing many statistics as well as relevant documents is necessary in order to calculate your ERC. We have devised a spreadsheet for you to use in order to facilitate the information collection process, which should make the procedure a little bit simpler for you.
You will need to gather the following data in order to complete the Employee Retention Credit Worksheet and become eligible for the ERC:
Information Regarding Your Workforce
Information Regarding Applications for PPP1 and PPP2
Information Regarding Payroll Providers
941s for each quarter
Detailed Reports on the Payroll Process (By Quarter)
For modified returns that are claiming ERC, drafts of form 941x are required.
In addition, you will be required to provide financial data about the gross revenues generated by your company or nonprofit organization between the dates of April 1, 2020 and December 31, 2021.
Gross Revenue of an Entity Operating for Profit
Total Sales (Less Returns and Allowances)
Additionally: income from investments and interest
Dividends
Rents
Annuities
Royalties
Reduced by the Amount of the Adjusted Basis in the Assets Sold
NONPROFIT Entity’s Annual Total Revenues
Total Revenue (Less Returns and Allowances)
Plus: income from investments plus income from other sources
Interest
Rent
Royalties
Gifts
Grants
Annuities
Contributions
Member Dues
To qualify for the ERC in 2020, your company or nonprofit organization will need to demonstrate a substantial drop in gross revenues starting on April 1, 2020 and continuing through January 1, 2021. Your business or nonprofit organization will be eligible for a credit during the quarter in which it returns to revenue levels of 80 percent or more. The following illustration shows that the aforementioned business is eligible for ERC benefits until the 31st of December, 2020.
To qualify for the ERC in 2020, your company or nonprofit organization will need to demonstrate a substantial drop in gross revenues starting on April 1, 2020 and continuing through October 1, 2020. Your business or nonprofit organization will be eligible for a credit during the quarter in which it returns to revenue levels of 80 percent or more. The following illustration shows that the firm in question remains eligible for ERC benefits until September 30, 2020.
To get all the updated ERC process done for you without worrying about the dates, the requirements, qualifications, calculations, deadline, etc click here and you will get instant free help with the ERC process for 2022 & beyond.
The certified professional ERC advisors at Bottom Line Concepts have knowledgeable Employee Retention Credit Refund experts on hand and are ready to assist you throughout this whole process. Regarding the PPP and the ERC, they are prepared to answer any and all questions you may have. Click here if you have at least 5 W2 employees and if you have not yet received your ERC refund and get Free help ASAP!
2021 Form 941 Worksheet PDF
Here is a Worksheet in Pdf format for preparing or amending the 941-X forms in order to claim your company’s Employee Retention Credit and FFCRA credit related to the COVID relief.
Download the 2021 FROM 941 Worksheets right here!
941-x Form – 941-x Instructions – IRS Forms And Publications
IRS 2021-49 ERC Notice Released on Aug. 4th 2021
IRS Guidance on Revenue Procedure for examining gross profits of the company
Department of Labor FFCRA Guide (ERC Worksheet Guide)
The ERC specialists at Bottom Line Concepts are providing the whole ERC process for Free to determine how much your company will be refunded. They do everything from calculation to paying out your company the ERC refund. To see if your company qualifies, please fill out this form.
FORMS:
Employee Retention Credit Forms Explained With Examples
What Exactly Is The 941 Form 2022
The 941 IRS Form for Employee Retention Credit is a form that is filed with the IRS to claim a credit for retaining qualified employees. The form is used by employers to claim a credit of up to 25% of taxable wages paid during the year when they have at least one employee who was working for them at some point during the year. The employer must have paid at least $1,000 in wages to qualify for the credit and the employee must have worked on average 20 hours per week or more. during the year. The credit is capped at $25,000 for a single employer and $50,000 for multiple employers.
Every three months, employers are required to report the amount of income taxes, Social Security taxes, and Medicare taxes that were withheld from their workers’ paychecks using Form 941. In addition, you are required to provide the percentage of both Social Security and Medicare taxes that were covered by the employer during each quarter.
These forms must be submitted no later than midnight on the last day of the month that follows the conclusion of a quarter. To provide one example, the deadline for submitting your form for the first quarter of the year is the 30th of April. The deadline for submitting your form for the second quarter is the 31st of July. You have till October 31st to turn in your form for the third quarter of the year. Last but not least, the deadline for submitting your form for the fourth quarter is the 31st of January. If the due date is on a day that is not a business day, such as a weekend or a holiday, the due date will be moved to the next day that is a business day.
You may be subject to fines from the Internal Revenue Service (IRS) if you either do not submit your Forms 941 or file them late. You might, for instance, be subject to a penalty equal to five percent (5%) of the tax that is owed along with each Form 941 for each month or partial month that the form is late. The maximum amount of this penalty is twenty-five percent (25 percent ). You can be subject to a second penalty if you make payments late or if you don’t pay the required amount. Depending on how much later than required you filed your form, this penalty might be anywhere from two percent (2%) to fifteen percent (15%) of the underpayment.
Fillable 941 Form
The 941 form is a tax form that is used to report income and expenses for a business. It is also known as the Employer’s Quarterly Federal Tax Return. The 941 form is filed by employers who have employees and are required to withhold taxes from their employees’ paychecks.
The 941 form can be filled out on paper or electronically. If you choose to fill it out on paper, you will need to print the form, fill in the blanks, and mail it in with your payment. If you choose to fill it out electronically, you will need to file your return through an online service provider or software program that can generate the 941 form for you. Just like this one!
Form 941 for 2022
You can get the latest fillable form 941 right here
941 Form 2021 Pdf
The 941 Form 2021 Pdf is a form that is used by employers to report their employees’ wages and taxes. The form is filed with the IRS on a quarterly basis. The 941 Form 2021 Pdf is also known as the Employer’s Quarterly Federal Tax Return. It is used to report wages, social security taxes, Medicare taxes, and withheld income tax for employees. Employers filing the form must give it to their employees by January 31st of the following year. If an employer does not file a 941 Form, they must pay back any money that is withheld for taxes.
941 Instructions 2022
The 941 instructions are a set of instructions that the IRS provides to help taxpayers calculate their taxes. The instructions are updated every year and they provide guidance on how to calculate the taxes for different types of income. You can find all the instructions right here.
941 Form Example
This is an example of a fillable Form 941 that you may refer to if you need to.
This is what a Form 941 looks like when it is completed correctly:
How to Complete Form 941 Instructions
Step 1
The first step is to decide if you want to use the 941 fillable form here or the traditional form from the IRS here. Next determine the total pay and the number of employees for the period being reported.
To begin, on line 1, you will need to indicate the total number of workers who were paid during the period covered by this return. At line 2, you will need to enter the entire amount of pay that was given out to each employee during the quarter.
Step 2
Proceed to Step 2, which deals with the Amounts Deducted from the Pay of Employees for the Period
Second, on line 3, you are required to state the aggregate amount of income tax that was deducted from each employee’s paycheck during the quarter.
Step 3
Social Security and Medicare Wages That Are Subject to Taxation for the Period
In the third step of the process, you must fill out line 5a with the entire amount of your taxable salary that is subject to Social Security taxes. This number has to be multiplied by.124, and the result needs to be entered in Column 2.
If your workers get tips, you need to go through this procedure again to determine how many tips they received, and then enter those numbers on line 5b. In column 1 of line 5c of your return, you will need to enter the entire amount of pay that is taxable under Medicare, and then multiply that amount by.029.
Put the answer in Column 2 when you’re done. The total of all of the sums that are listed on lines 5a, 5b, and 5c should be entered on line 5d.
Step 4
Calculating the Total Wages Subject to Social Security and Medicare, the Fourth Step
The payment to Social Security and Medicare comes through the Federal Insurance Contributions Act levy, which is sometimes known as the FICA tax. This tax is determined for each employee based on a percentage of their annual wage. In 2019, the Social Security tax is equivalent to 12.4% of the first $132,900 in earnings before reaching the cap of $132,900. The employee is responsible for paying a sum equivalent to 2.9 percent of their total wage as a Medicare levy.
When it comes to workers, the employer is responsible for paying half of both taxes, while the employee is responsible for paying the other half. Since you do not have an employer, you are responsible for paying the whole amount of both taxes if you are self-employed. These taxes are also referred to as “self-employment taxes.” On the other hand, persons who are self-employed are eligible to receive a deduction equal to half of this amount of taxes when they submit their tax returns.
Step 5
Adjustments for Sick Pay, Tips, Group-Life Insurance, and Other Matters are Made in the Fifth Step
You also have the ability to make specific modifications to the way certain payments or perks are handled. For instance, you may deduct from your totals any Social Security or Medicare taxes that were withheld from sick pay and paid for by other parties like as insurance companies.
In addition, you are allowed to deduct the part of the employee’s share of Social Security and Medicare taxes that was not collected through tips. You are also allowed to deduct the payments for group term life insurance that were paid out to former workers.
Finally, you are eligible to deduct the amount of Social Security tax withheld from payments for COBRA premium assistance. You need to tally up all of these changes, and then enter the total on Line 8.
If you enter the entire amount of tax deposits that you made during the quarter on line 11, and then remove the total amount of deductions that you made on lines 8 and 12e, you will be able to calculate whether or not you overpaid or underpaid your employment taxes for the quarter.
If the total amount of taxes that you put on line 10 is more than the amount of tax deposits that you submit on line 13, you will have a balance due.
Fill in this outstanding balance on line 14. If the sum of your tax payments that you report on line 10 (total taxes) is lower than the amount of tax deposits that you report on line 13 (tax deposits), then you have overpaid your taxes for the quarter.
You have the option of requesting a refund or using the excess payment against the taxes that you will be responsible for paying during the next quarter.
Instructions for Filling Out Form 941
You have the option of mailing your completed Form 941 and payment to the Internal Revenue Service. E-filing, often known as electronic filing, is another option for submitting your Form 941. You will save time by filing electronically, it is a safe method, and you will get an acknowledgement of receipt within one business day.
If you wish to do your own e-filing, you will need to acquire software that is authorized by the IRS. You will furthermore be required to pay a charge in order to submit the returns online.
In the end, you’ll need to sign your form, and you may do so either by using an electronic signature or by scanning a paper copy of Form 8453-EMP, Employment Tax Declaration for an IRS e file Return.
If you want to apply for the electronic signature online, you should wait for a period of forty-five (45) days for a pin to be sent to you.
You also have the option of enlisting the services of a seasoned accountant or a trustworthy payroll provider to handle the electronic filing of these papers on your behalf.
7200 Form
During COVID-19, one of the numerous initiatives designed to assist companies was supplemented by the addition of a new form, which was designated as Form 7200. It is used to make a request for an advance payment of the tax credits for qualifying sick leave earnings and qualified family leave wages, in addition to the employee retention credit.
Form 7200 Instructions
First, at the very top of the form here, or here write down the name of your company, your employer identification number (EIN), and the address of your company. Check that all of the information provided is consistent with the information the IRS has on record about your company.
Step 2: After that, check the box that corresponds to the calendar quarter that corresponds to the one for which you are submitting form 7200. It is not possible to submit Form 7200 for two different quarters at the same time.
Complete Your Employee Tax Returns is the Topic of Part 2.
Indicate on Line A the form of Employment Tax Return that you will be filing for the year 2021.
This may be either Form 941/PR/SS, Form 943/PR, Form 944/SP, or Form CT-1.
At Line B, you will need to provide the total number of workers whose pay were considered eligible for that particular quarter.
On line C (this does not apply to companies that have not yet submitted their first employment tax returns) complete the amount that should be filled in for the entire amount paid as eligible earnings, tips, and compensation according to their Form 941.
If you do not submit tax form 941, you may still report your tax returns using the information shown below, which is taken from the recommendations provided by the IRS:
Form 941-PR, line 5a, Enter the amount that was reported in the first column.
Taxable social security salaries are reported on line 5a of the Form 941-SS.
Enter the amount that was reported in the first column.
Line 2 of Form 943: Qualified Wages that are liable for social security taxes.
Form 943-PR, line 2.
Wages, tips, and other remuneration should be reported on line 1 of Form 944.
Form 944(SP), line 1.
Line 1 of Form CT-1, Employer Tax Credit for Tier 1 Compensation (other than tips and sick pay). In the field labeled “Compensation,” write the amount that was reported.
At Line D, provide the tax period that corresponds to the most recent employment tax return that you have submitted.
If you have not yet filed any employment taxes, you may ignore the rest of this line.
At Line E, you are going to need to enter the average number of full-time workers that you had throughout the prior year.
If you are seeking an FFCRA advance credit, you will need to mention on Line F how many workers you had at the time that they submitted their applications for qualifying leave during that quarter.
Enter Your Credits and the Amount of the Advance Requested Here (Part 3)
At the first line, you’ll need to enter the whole amount of the employee retention credit advance for the quarter. This should be equal to fifty percent of the family-friendly salaries that are given to your staff members.
In lines 2 and 3, you’ll need to enter the earnings for qualifying sick leave and qualified family leave that you paid out during that quarter.
You are able to enter the cost of eligible health plan expenditures for workers as well as any other pertinent information in this section.
At Line 4, provide the amount of help with COBRA premiums that was provided by your company during the quarter.
Line 5: Add the numbers that are written in lines 1, 2, 3, and 4 and enter the total that is obtained in this line.
Line 6 asks you to fill in the amount if you have already reduced your total federal employment tax deposit for these credits in this quarter. If so, you should have done so by this point.
At line 7, provide the total amount that covers all advances that you have previously requested for during this time period.
Add the information from lines 6 and 7 together and record it on line 8.
Line 9: Take the difference between lines 8 and 5 and insert it in the corresponding space. If the result is negative, zero, or less than $25, then you do not qualify for any of the advanced tax credits, and there is no need for you to complete the form.
Please include details about your Third-Party Designee (If any).
The owner of a company gives permission to a third party to represent them in discussions with the IRS on their Form 7200. In the Third-Party Designee section, you should indicate your desire to have one by checking the “Yes” box and providing the information that is needed.
If the IRS needs any further information concerning your Form 7200, they may get in touch with your third-party designee. Additionally, the third-party designee is able to.
Get in touch with the Internal Revenue Service if you want information regarding the processing of your Form 7200.
On your behalf, we will respond to particular notifications from the IRS about the production of your Form 7200.
Signature-Based Authorization for Formal Use
The following individuals may be eligible to sign your Form 7200, depending on the nature of your company:
In the case of sole proprietorships, the person who owns the company by themselves.
In the case of corporations, the president, vice president, or another approved main official.
In the case of partnerships and other types of organizations that are not incorporated, an authorized partner, member, or officer.
In the case of a single-member limited liability company, this would be the LLC’s owner or an approved primary officer.
The trustee or executor of an estate is referred to as the fiduciary.
It is possible for a lawfully authorized agent of the taxpayer who has filed a valid power of attorney to sign Form 7200 on the taxpayer’s behalf.
Form 7200 Common Mistakes To Avoid
EIN that is either incorrect or absent
Multiple calendar quarter choices
Incorrect calculations on lines 4, 7, and 8 of the form’s Part 2; failing to include the signature section
Form 7200 Example and Form 7200 PDF Fillable
This is what a Form 7200 looks like:
1120 Form 2022
Companies that are subject to C corporation taxation are required to submit their company tax returns using IRS Form 1120. Consider Form 1120 to be the C company version of the Personal Income Tax Return (Form 1040).
Companies that are taxed as C corporations, as opposed to other company forms, pay a corporate tax rate that is constant at 21 percent of their taxable revenue. The difference between a C corporation’s total revenue and the amount of its business tax deductions, losses, and credits is the corporation’s taxable income.
A pass-through entity is an organization that does not undergo the same level of taxation as a C corporation. The responsibility for paying income taxes is passed on to the business’s owners in pass-through businesses like sole proprietorships and partnerships, which do not pay taxes at the entity level.
There is no one tax rate that applies to all different forms of company revenue, including the following: The amount of money you make determines which tax bracket you fall into. The Internal Revenue Service (IRS) receives information returns from the vast majority of pass-through organization types, but these returns are not used for the purpose of taxation.
1120 Instructions
1. Assemble A Competent Tax Staff
Gather your tax team, which should include a corporate tax specialist and corporate tax filing software, to begin the process of submitting your taxes. This will get you started.
Because owners of C companies, also known as shareholders, are not regarded to be self-employed, they are unable to utilize tax preparation software designed for those who are self-employed. Common providers of tax software, such as TurboTax, are among the providers that provide software alternatives for C corporations.
Because of its notoriously lengthy nature, you should seek the assistance of a qualified tax expert while filling out Form 1120.
If your C company is very simple and tiny, you could find yourself inclined to submit Form 1120 all by yourself. Just make sure that you’ve found a corporation tax professional who is ready to answer questions and take over if necessary before you get started.
2. Complete Most Of The Information On Page 1
Get your fillable form here or get your traditional form here.
The first page of Form 1120, which provides the IRS with an overview of your company’s tax condition, is sometimes referred to as the “face” of the form. A significant portion of this may be completed by utilizing the information saved in your accounting program.
You will see that there are spaces available for you to fill in for the cost of goods sold, depreciation, profits and losses, tax credits, and the total lines.
3. Complete All Of The Necessary Schedules
When you submit your tax return using Form 1120, you will need to fill out these schedules.
Schedule C
C corporations, just like individuals, have the ability to invest in the stock of other businesses. C businesses use Form 1120 Schedule C to record the yearly dividend income that they get from their assets in other firms.
C companies are eligible to deduct a portion of their dividend income if they meet the requirements for the dividends received deduction. The percentage of ownership in another company that your company has will play a role in the computation of your deductible.
Schedule J
Form 1120’s Schedule J is available here.
On the tax return, Schedule J is where you list all of your tax credits. Image courtesy of the Author.
This is the section where you will compute the tax due for your C company. The tax computation that you began on the first page of Form 1120, which details your deductions, is continued in this portion of the form. In order to calculate your tax due, you will need to go to Schedule J and input any business tax credits and anticipated tax payments you have made.
Your taxable income, which may be found on page 1, line 30, should be multiplied by the federal company tax rate of 21 percent and entered on line 2, which is labeled “income tax.” Obviously, the computation isn’t always as easy as it seems, which is why you and your tax expert should go over the instructions for Form 1120 to find any exceptions and additional information.
Tax credits are one of the most efficient methods to lower your tax due since they decrease your tax payment by the same amount that they are worth, dollar for dollar.
Schedule K
The C corporation’s owners and assets in other businesses are probed further in the information request included in the Schedule K. A cash or accrual basis for accounting must first be selected for your business before you can proceed.
Schedule K is a relatively short form, and it does not need much information from Simple C businesses. It is highly recommended that you seek the assistance of a qualified tax expert with this matter if your company is a shareholder in another firm.
Schedule L
The balance statement for your firm, as shown in your records, is on Schedule L. To complete this step, you will need to open the balance sheet that is current as of the end of the year in your accounting program.
Both of the M-1 and M-2 schedules
The Internal Revenue Service (IRS) uses a method for calculating some costs, such as depreciation, that differs from the method required by Generally Accepted Accounting Principles (GAAP) for financial reporting that is not related to taxes. The discrepancies between your financial statements used for bookkeeping reasons and those used for tax purposes are broken down on schedules M-1 and M-2 and explained to the IRS.
Due to the complexity of the M-1 and M-2 schedules, you should consult a tax expert for assistance in completing them.
4. Check For Any Additional Necessary Schedules
It is possible that you may need to affix supplementary forms or schedules to the Form 1120 depending on the operations of your company.
The following Are Examples Of Common Attachments:
Businesses that have a cost of goods sold must file using Form 1125-A.
Corporations having gross revenues of at least $500,000 are required to use Form 1125-E to detail their officer salaries.
Fill out form 4797 when selling any commercial property.
Fill out Form 4563 if you need to report depreciation or amortization.
Gains and losses on investments should be reported on Schedule D.
A person who specializes in company taxation need to have understanding of the various forms you are required to file together with Form 1120.
5. Go Back To The First Page
You are ready to finish the first page of Form 1120 after you have completed filling out the remainder of the form and all of the needed attachments. You may fill in any gaps on your tax return by going back to the front of the form.
6. Go Through Your Tax Return And Submit It
You’re done!
Either e-file Form 1120 using your own tax software and or an all in one pdf form solution, do it yourself, or have your tax accountant do it on your behalf, but be aware of the fact that doing the ERC filing calculation and process is a very complicated matter and even the most up to date lawyers and accountants still do not know how to do it the right way. The best solution is to let an ERC professional advisor do it for you for free. Here is the best done for you solution available right now!
1120 Form Example
This is an example of what a Form 1120 looks like:
Check if You Qualify for the Employee Retention Credit Today?
Just answer a few simple questions here:
http://harperstribune.com/ercfund
Please only fill out the form if the company in question is based in the United States, has 5 W2 employees, and has not previously received ERC.
TOOLS:
Best Employee Retention Tools That Help Your Businesses Gain An Advantage To Get Back The Max ERC Credit Per Employee From The IRS + Helps With Business Reputation & Productivity
We have assembled a list of the top 10+ employee retention tools for small to mid sized companies so that you can build an organization that people want to join and remain a part of. This will help you establish an environment where people want to work and want to work there.
Let’s get started on the strategy to ensure that your brilliant staff continue to feel secure and content in their jobs.
Best Employee Retention Tip:
If we continue with the theme of safety, one smart strategy that companies are using to keep their staff this year is to investigate whether or not they are eligible for the Employee Retention Credit program. Some companies are raking in seven-figure rewards after going through an online qualifying procedure that takes just sixty seconds.
Tools, Software, and Applications for Employee Retention
ERC Tool 1 – Caroo
Caroo got its name from the company’s unwavering commitment to the welfare of its workforce. On this platform for recognition, the distribution of presents and other forms of non-monetary prizes is made simple. In order to maximize the health of your business, Caroo provides a wide range of services, from high-quality nourishing snacks to activities that strengthen teamwork.
Every game, snack, and item is selected with great care by HR professionals and then sent directly to the customer’s home or place of business. It is almost certain that your team of superstars will like the corporate gift boxes that you selected for them.
Caroo is the place to go if you need any further information.
ERC Tool 2 – Bonusly
Bonusly is an all-in-one employee recognition, survey, and rewards platform that enables businesses to cultivate teams that are more engaged, productive, and results-oriented while also being in line with the culture of gratitude that permeates the organization.
Eliminating silos and making it possible for workers and managers alike to show appreciation to one another and recognize one another through the use of hundreds of built-in features and integrations is something that can be accomplished with the help of Bonusly.
Visit Bonusly if you need any more information.
DID YOU KNOW?
Your ERC request for an ERC refund might be denied by the IRS if there is missing, incomplete, or erroneous information, thus it is imperative that you double verify every aspect of your request. When you are finished, you can send the completed form to request an ERC refund the following fax number: 855-248-0552.
However, this process can be time consuming, unproductive, cost intensive, and unsuccessful in the end if you don’t employ a professional who knows what they are doing. Instead use a professional ERC advisor who does the whole process for you for Free and delivers results.
Check out this free done for you ERC solution.
ERC Tool 3 – SwagUp
SwagUp is the all-in-one platform for personalised swag that ensures optimal levels of employee pleasure, engagement, and retention. You will be able to create, implement, and automate the distribution of your branded swag and presents by using this recognition solution.
When it comes to retaining employees on remote teams, SwagUp is the ideal solution since it enables you to keep your digital nomads on the same page as the rest of their colleagues and ensures that they continue to produce high-quality work.
Check out SwagUp if you want additional information about this.
ERC Tool 4 – Blueboard
Blueboard is a means of rewarding and recognizing staff members that also facilitates competition amongst colleagues. Now, instead of only waiting on the management to celebrate milestones, everyone in the firm can cheer on each other’s large and tiny achievements. This includes both the big and the minor victories.
This platform for providing experiential incentives provides individualized employee experiences, such as parasailing and VIP concert tickets, which have been shown to significantly increase employees’ level of commitment over the long run. One of the most appealing aspects is that workers have the ability to customize their experience by selecting the kinds of activities that most appeal to them. After that moment, Blueboard will take care of everything else to make sure that your staff has the best time of their professional life!
The most effective use of this memory aid is for daily recognition.
Visit the Blueboard if you need any further information.
ERC Tool 5 – Weve
Weve may have gotten its name from the fact that it is one of the greatest platforms for weaving employee appreciation into the day-to-day operations of a business setting. In a nutshell, Weve maintains a dynamic and interesting atmosphere in the workplace. How? To begin, there are various ways, but the most important one is to improve employee reward ceremonies.
Weve facilitates the gathering of teams in a digital setting and enables live award shows that may be seen simultaneously by up to 10,000 people. In addition, you have the option of including personalized trivia and entertaining information about award winners or the firm, streaming an exclusive message from the CEO, or requesting that someone the award winner respects offer a pre-recorded shoutout!
Visit this site, Weve, for more information.
ERC Tool 6 Bambee
Bambee can assign a human resources manager to your organization for a cost that is less than one hundred dollars per month. A comprehensive HR audit, HR-compliant policies, employee onboarding and terminations, HR guidance, staff training and development, and the peace of mind that comes with knowing that HR experts are backing up your HR strategy are all provided by this employee retention tool that is also very cost effective.
Bambee will also strive to ensure that the HR rules match the way you now manage your company and are in line with the requirements you have specified.
The most effective use of this retention technique is for: the culture of the company.
Bambee is the place to go if you want additional information.
ERC Tool 7 – Nectar
Nectar is a tool for employee appreciation that can be used across the board, and it is designed to assist everyone in your business support one another. This positivity-enhancing platform provides managers and team members with an incentive to perform at their highest level and to remain with the company for the long haul.
Peer-to-peer spotlights and recognition have a different impact than even being spotted by the CEO, and Nectar offers hundreds of connectors with other engagement platforms like as Slack and Microsoft Teams. In conclusion, having a bespoke swag shop enables you to add a giving component to your recognition program, which results in prizes that are genuinely memorable for employees.
Nectar is the place to go if you want additional information.
ERC Tool 8 – Zenefits
Zenefits is a firm that focuses on making complicated aspects of the contemporary workforce easier to understand and manage. With the help of our HR software, you won’t have any trouble keeping track of your employee’s compensation, perks, and paychecks. When you use Zenefits, you’ll have more time on your hands to concentrate on what really matters: operating your company.
Zenefits is an excellent solution for human resource experts, particularly those who are searching for a straightforward method to manage their employees. Zenefit has this covered thanks to its fast onboarding and PTO tracking capabilities, in addition to providing all of the additional resources you want in an one location.
Streamlining onboarding, benefits, payroll, and paid time off is where this employee retention solution shines the brightest.
Check out Zenefits if you want to learn more about it.
ERC Tool 9 – Outback In Person Events and Outback Team Building Events
Outback Team Building is your one-stop destination for all of your requirements relating to team building. The staff at Outback will help you brainstorm new ideas or offer suggestions relating specifically to your company. They have years of experience in finding activities that are outside the box and that appeal to many different groups, as well as all different types of budgets and interests that are similar.
The goal of this method for retaining employees is to strengthen the bonds between members of the team. motivation of workers and involvement of workers
Building teams is where this retention tool shines the brightest.
Please visit Outback Team Building if you need any more information.
ERC Tool 10 – Assembly
Assembly is the best option for you to consider if you are seeking for a method to acknowledge and appreciate the work of your staff. With the help of this platform for peer-to-peer recognition, it is much simpler for anybody to be acknowledged and rewarded in the here and now. You may even develop individualized awards that are tailored to each employee so that they are aware of just what it is that they have attained.
Because of Assembly, nobody ever needs to worry about slipping through the gaps again! Because of its straightforward and user-friendly user interface, it is very easy for any member of your team to become engaged and begin recognizing their teammates right immediately.
Visit Assembly if you need any more information.
ERC Tool 11 – Monday.com
Monday.com boasts that it is the “Uber of resource management,” and despite the magnitude of this claim, the company is equipped with the tools necessary to fulfill its promises.
This solution for retaining employees provides real-time insights into projects, visibility into workflows and analytics, and enps-boosting integrations and updates. Additionally, it offers time tracking and automation, as well as views of timelines.
Monday.com is where you should go to get additional information.
ERC Tool 12 – Confetti
Confetti is a platform that improves job happiness, health, productivity, and culture in the workplace by recognizing and retaining employees in a smooth and comprehensive manner from beginning to finish. This tool for retaining employees makes it easier to give out spot bonuses, spot awards, and other sorts of recognition and experiences that do not involve money.
The very best part is that each and every vendor has been hand-picked to provide the most unforgettable experiences and occasions that your staff members could ever want to have. Confetti will assist you in dominating your workplace by providing you with both hosted games and shippable experiences.
Confetti is the place to go if you want more information.
ERC Tool 13 – The QuizBreaker
QuizBreaker is the team-building quiz platform that is perfectly optimized for keeping teams tight-knit, regardless of whether employees are working from home, commuting, or working on some other flexible workplace model. This is because QuizBreaker questions are designed to be answered by everyone on a team simultaneously. Your team will be able to take the team building quizzes with them wherever in the globe since they will be sent to them.
They will have the opportunity to participate in brief quizzes, enjoyable gamification, and automated processes (you can schedule quizzes for a particular time each week).
The most effective use of this memory aid is to have daily fun with your colleagues.
QuizBreaker is the place to go if you need any further information.
ERC Tool 14 – BambooHR
The Human Resources (HR) solution known as BambooHR assists businesses in managing the many stages of the employee lifecycle. It makes every part of recruiting, salary management, and data analysis more streamlined while also giving tools for sustaining business culture. As a result, it makes it much easier to develop fantastic teams from inside an organization or attract fresh talent from the outside!
Visit BambooHR if you are interested in learning more.
ERC Tool 15 – Fond – The Fond Suite
Fond is a platform that runs in the cloud that makes it simple for managers to recognize and reward their staff members, as well as for those staff members to cash in their rewards. You may design bespoke programs in a matter of minutes with its straightforward user interface, without the need for assistance from IT or HR. Real-time analytics provide another way to monitor employee participation, allowing everyone to stay abreast of their progress.
Check out Fond for more information if you’re interested.
ERC Tool 16 – IRS Tools
There are many tools that are provided to businesses for Free by the IRS. You can check out all the free tools right here:
https://www.irs.gov/help/tools
7 additional ERC Tips To Increase Business Reputation And Make Employees Stick
Advice for Developing an Employee Retention Program advice-for-developing-an-employee-retention-program
Tip 1 – Offer a Competitive Wage and Benefits Package
If we were being honest, we wouldn’t be working most jobs if money wasn’t a consideration. No matter how much you like what you do for a livelihood, the fact remains that you are doing it in order to pay the bills. It’s estimated that over half of all workers who leave their jobs do so because the pay and perks they get aren’t competitive enough. Always keep in mind that your workers are an investment in your company and make sure that your finance and human resources departments are involved in determining what you can fairly provide.
Tip 2 – Develop an Outstanding New Employee Orientation Program
The process of onboarding new employees is one of the first chances to make an impression on them, and it has the potential to set the stage for the remainder of their time spent working for your firm. It might take a new employee up to two years to attain the same levels of productivity as a colleague who has been with the company for longer. Because of this, it is important to make sure that your top talent is welcomed onboard and that realistic expectations are established.
Tip 3 – Encourage Continuing Education and Training
The last thing any worker wants is to have the impression that their professional progress and personal growth are being held back. Because of this, it has been discovered that a lack of opportunity for professional growth is directly connected, in part, to high turnover rates. You should directly ask your workers what kind of professional growth and development they would want to pursue, and then provide them with the tools and assistance they need to realize their goals. In the very competitive business environment of today, one of the most important factors in keeping personnel is providing ongoing support for those individuals while also looking into the future.
Tip 4 – Lessen the Ache and Discomfort Experienced by Employees
Helping employees feel less pain and suffering is a step in the right direction. Your workers are not a financial burden since they are people; thus, it is imperative that you do anything you can to relieve the difficulties that they have in their jobs. This applies even to your button line. These straightforward modifications are self-evident in many fields, like as retail, where it is common practice to let employees take breaks while seated rather than requiring them to stand the whole of their shifts. In other cases, you will need to look further or question someone directly. Implement methods of gathering feedback at your place of employment.
Tip 5 – Keep a close eye on your superiors
The actions of a competent manager may have a domino effect, but so can the actions of a poor manager. Managers, like everyone else, have a need for assistance in becoming their best selves. You should always encourage managers to master soft skills such as compassion, kindness, empathy, patience, and basically everything that can be categorized as falling under the umbrella of emotional intelligence (EQ), in addition to the technical aspects of the job. This is something you should always do.
Tip 6 – Be Patient and Accurate When Hiring The Initial Occurrence
According to Glassdoor, thirty-five percent of businesses anticipate workers resigning within the next year. Yes, you read that right; one-third of businesses anticipate people leaving before they have even begun working for the company. It is of the utmost significance that managers participate in the processes of recruiting and onboarding new employees. In this way, applicants may be screened and provided with a solid basis on which to construct their careers. Always be honest and forthright when discussing the expectations of new hires.
Tip 7 – Use Employee Retention Tools
People have these concerns regarding different employee retention tools, but what exactly is meant by the term “employee retention tool”?
It means a platform or program that helps boost employee engagement, employee happiness, peer-to-peer connection, and, of course, employee retention is referred to as an employee retention tool.
How much does it pay to use a product that helps retain employees you might ask.
The price of an employee retention tool may range anywhere from a few dollars to several hundred dollars, with the range mostly determined by the pricing model of the tool, the advantages it offers, and the access it provides to particular capabilities that are not available with other tools.
These tools can encourage improved employee retention at your organization.
And some of the ways you may do this is you can improve employee retention at your company by establishing an employee retention program, providing your managers with the employee retention tools they require, and obtaining their buy-in and commitment to make the program successful. This will allow you to promote better employee retention at your company which increases your employees stick rate helping your employees and your business thrive beyond today into the future which is the goal of every small business and entrepreneur online or offline.
Claiming the ERC fund is just one way to help improve your employee retention rate and using an array of many tools in concert will help increase your business reputation and help achieve your employee goals in terms of retention and satisfaction.
Make sure to ask for professional help when it comes to your employee retention credit so that your employees and your business can thrive way beyond 2022. Click here to do it the right way done by a professional ERC advisor who is doing the whole process for your business.
Tools Mentioned In This Article
Fillable Tax Forms – Your All In 1 Solution for Online Forms & Documents
More Employee Retention Credit Tips
https://internetmoneykings.com/employee-retention-credit-2022
https://internetmoneykings.com/bottom-line-concepts-review
Further Action Steps After Reading This Simple ERC Guide
Bottom Line Concepts Review: Discover BLC’s Free Help With Employee Retention Credit 2022 & Beyond
Bottom Line Concepts Review
Bottom Line Concepts Overview – What Makes Bottom Line Concepts Different?
Bottom Line Concepts became aware of the fact that the Employee Retention Credit had undergone several changes and had many technical details, such as how to determine qualified wages and which employees are eligible for the credit. As a result of this awareness, the company came up with the idea to create the Employee Retention Credit Program with Bottom Line Savings and their ECR GovernmentAid Program.
The findings of Bottom Line Concepts also revealed that, in the midst of a widespread economic crisis, layoffs have become more typical. Employees who are unsure about their futures do their jobs with less efficiency, which has a negative impact on the morale and atmosphere of the workplace as a whole.
Check if You Qualify for the Employee Retention Credit Today?
Just answer a few simple questions here:
http://harperstribune.com/ercfund
Please only fill out the form that is linked above if the company in question is based in the United States, has 5 W2 workers, and has not previously received ERC.
When calculating the cost of reacquiring workers in the future, it is necessary to account for both hard dollars paid to recruiters and soft dollars spent on education and training. These facts and trends require specific attention as well as a more intensive review and analysis by a partner just like Bottom Line Concepts because in order for businesses to be able to survive the complexity of the marketplace, they need to be able to find a reliable partner that provides them with all of the savings and funding programs for which they might be eligible. Bottom Line Concepts is one such partner. A partner such as Bottom Line Concepts simplifies these complex government savings initiatives and provides its customers with answers that are easy to understand, as well as strategies, actions, and outcomes.
GovernmentAid, a division of Bottom Line Concepts, did something different compared to other companies in the contingency-based cost savings, audition for refunds, negotiation for savings, and financial relief space. Specifically, they increased the profitability and overall valuation of their client’s organizations. Other companies in this space offer services such as these.
Bottom Line Concepts Line Up For Charity
Bottom Line Concepts is firmly of the opinion that all species should be treated on an equal footing. Therefore, the rights of animals, the preservation of sustainable practices, and the safeguarding of the environment for future generations are of the utmost importance to them. Bottom Line Concept provides its customers with the ability to contribute a portion of the cost savings they make to causes that are important to the customers. This program is called “Line Up For Charity,” and it is offered via Bottom Line Concept. Bottom Line Concepts creates a space for its customers to work in which they are given the opportunity to affect change.
Cares Act Employee Retention Credit ADP
During the time that followed COVID-19, the Employee Retention Credit Program was able to demonstrate its full potential. The Employment Retention and Compensation (ERC) program is a stimulus initiative that aims to provide assistance to firms who were successful in keeping their staff during the COVID-19 epidemic.
Businesses are eligible to get this credit, which was first established by the CARES Act and functions more like a grant than a loan. Both small and mid-sized firms are eligible for assistance from the ERC. It is based on the qualifying salaries provided to workers as well as the healthcare that they get.
GovernmentAid Program To Help Businesses For Free With Employee Retention Credit Refunds
GovernmentAid, a division of Bottom Line Concepts, was specifically established in order to assist small businesses that were adversely affected by Covid-19 and to specialize in maximizing the Employee Retention Credit (ERC) Program. As a result, Bottom Line Concepts launched their Government Aid Division. The GovernmentAid division’s primary mission is to provide customers with different types of financial aid, with a special emphasis on the Employee Retention Credit Program.
Bottom Line Concepts Employee Retention Credit Results For Businesses
Employers that were qualified to participate in the ERC program were able to do so beginning on March 13, 2020, and the program will run through September 30, 2021. After the 31st of December this year, businesses have until 2022, 2023, and even farther into the future to submit refund claims for the years 2020 and 2021.
Bottom Line Concepts has clients who only received refunds, as well as clients who, in addition to receiving refunds, also qualified to continue receiving ERC in every payroll they process through December 31, 2021, at approximately 30 percent of their payroll cost. Bottom Line Concepts is proud to serve both types of clients. Bottom Line Concepts has customers who have obtained refunds ranging from $100,000 to $6 million as a result of their work with the company. For the year 2020, businesses may deduct up to $5,000 for each employee. The credit may be worth up to $7,000 per employee, every quarter, beginning in 2021. It is possible to claim up to $26,000 for each employee. There is no limit placed on the amount of money. The ERC is a tax credit that is refundable.
Bottom Line Concepts Services
The GovernmentAid services include a comprehensive evaluation regarding the eligibility of a business, a comprehensive analysis of a business’ claim, guidance on the claiming process and documentation, specific program expertise that a regular CPA or payroll processor might not be well-versed in or might not even know about, and a quick and smooth end-to-end process, beginning with the determination of eligibility and continuing through the filing of claims and the receipt of refunds.
Bottom Line Concepts Satisfied Customers Around The World
Businesses such as America’s Kids, Apple Bank, Burger King, Choice Hotels, Colliers International, Domino’s Pizza, Inc., 1800 Pet Supplies, Rolex Watch U.S.A., Technicolor, and the United States Government Department of Veteran Affairs are among those that Bottom Line Concepts serves.
The ultimate objective of Bottom Line Concept’s business is to provide its clients with procedures and tools that are founded on an in-depth investigation of their own company’s operations. They provide a comprehensive approach to the wide variety of areas in which the company is able to accomplish large cost reductions, which is quite beneficial.
Bottom Line Concepts takes a novel strategy, putting a group of knowledgeable individuals behind each categorization analysis, with the goal of delivering the highest potential savings to its clients.
Bottom Line Concept offers a promise to each new client that is based on there being zero risk on the part of the business, zero out of pocket costs, and zero obligations for the business while providing results that are superior to the standard of the industry. This is what makes Bottom Line Concept’s approach so distinctive in comparison to that of their rivals. Since 2009, Bottom Line Concepts has assisted more than 7,000 individuals and has successfully recovered over $2.2 billion cash for its customers.
7,257 enterprises signed up for GovernmentAid, which resulted in the recovery of 1,860,345,000 credits and qualified 211,271 workers. Both the service and the procedure are offered at no cost by GovernmentAid.
What Is The Employee Retention Credit Deadline
There is still time for businesses to qualify for the Employee Retention Credit Program and get a reimbursement from the federal government. To establish whether or not a company is eligible for the ERC, a fast and easy qualifying procedure is used. This process comprises of a few straightforward questions. GovernmentAid examines the claim submitted by a business and determines the maximum amount of money the company may be reimbursed for. The staff walks the company through the whole process of submitting a claim, including gathering the necessary evidence.
Check if You Qualify for the Employee Retention Credit Today?
Simply respond to a couple of simple questions here:
http://harperstribune.com/ercfund
Please only respond if you have 5 W2 employees, if your business operates in the USA, and if you have already received Employee Retention Credit.
If all 3 items apply to your business you are able to get a reimbursement offered by the government.
The application and procedure are dependent on their being no out-of-pocket costs for the company, and the company will get the amount of the refund from the government that the company is qualified for. Free of charge, GovernmentAid will walk the company through the whole procedure, beginning with “A” and ending with “Z.”
More Employee Retention Credit Tips
https://internetmoneykings.com/employee-retention-credit-2022
https://internetmoneykings.com/employee-retention-credit-worksheet
Action Steps After Reading The Bottom Line Concepts Review
Employee Retention Credit 2022 (Don’t Miss Out On The Employee Retention Credit Deadline 2022 For Erc Covid Relief!)
The Complete Guide: Employee Retention Credit 2022 & ERC Government Fund After Covid & How It Can Help You Save Your Business & Keep Your Employees
Introduction: What is Covid Employee Retention Credit 2022?
Employee Retention Credit 2022 is a new initiative by the government to provide tax incentives to companies that increase their employee retention rates. Under this program, companies will be eligible for tax incentives if they meet certain criteria.
The company must have 5 w2 employees and must have an average retention rate of 90% or higher. If they do, then they will be eligible for tax incentives that are worth up to $2,000 per employee per year.
The government is hoping that this initiative will help create more jobs, reduce turnover rates and make the labor market more efficient in general.
The United States had a similar program called the Lifetime Learning Credit. This tax credit was set to expire in 2017, but was extended until 2019. It is possible that this new initiative will be added to that program and run concurrently with it.
When the COVID-19 epidemic became widespread, normal activities in both our personal and professional lives came to a grinding stop. As a direct reaction, the federal government of the United States established the Employee Retention Tax Credit (ERTC), which is also known as the Employee Retention Credit (ERC), with the intention of assisting businesses in retaining their personnel and weathering the current economic storm.
The Economic Recovery and Transition Act (ERTC) is a component of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was an economic stimulus program with a total value of $2.2 trillion that was signed into law in March of 2020.
Since it was originally implemented, the ERTC has had its funding through the first two quarters of the next year increased as part of the Consolidated Appropriations Act for the year 2021.
It was extended for a third time in August of 2021 by the American Rescue Plan of 2021. (ARP). Despite the fact that this tax credit will no longer be available after the autumn of 2021, organizations who qualify for it may still submit claims until the end of 2022.
What Exactly Is The Employee Retention Tax Credit 2022?
The Employee Retention Tax Credit 2022 is a refundable payroll tax credit that was designed to encourage employers whose businesses were disrupted by COVID-19 restrictions to retain employees and keep them on the payroll and collecting paychecks through the downturn in business.
The credit is intended to encourage employers to retain employees whose companies were disrupted by COVID-19 restrictions.
This credit is calculated as a percentage of qualifying salaries provided to workers by eligible companies, and it may also include a portion of the expenditures associated with health insurance.
The percentages, which have been subject to change ever since the ERTC was first established, are as follows:
Between March 12, 2020 and before January 1, 2021, companies were allowed to claim a refundable tax credit equal to fifty percent of the qualifying wages provided to eligible employees, up to ten thousand dollars yearly per employee.
The Consolidated Appropriations Act of 2021 modified the credit in a way that allowed it to be used to salaries earned after January 1, 2021 and before June 30, 2021. This extension came with a number of new requirements.
This Act enabled qualified employers to claim a credit against 70 percent of qualified wages paid, with a credit of $10,000 per employee per quarter (for the first two quarters), as opposed to the previous amount of $10,000 per eligible employee annually.
In addition, qualified employers were able to claim a credit of up to $10,000 per employee per quarter (for the first two quarters) in lieu of up to $10,000 in wages per employee paid annually.
Employers will be able to claim a refundable tax credit of up to 70 percent of the qualified wages paid to employees for the third and fourth quarters of 2021 (wages paid after June 30, 2021 and before January 1, 2022). This credit has a maximum value of $7,000 per employee per quarter. This credit applies to wages paid after June 30, 2021 and before January 1, 2022.
The Act will no longer be in effect as of the 30th of September, 2021; however, claims may still be submitted by qualifying enterprises until the 30th of September, 2022.
What Is The Cares Act Employee Retention Credit 2022?
ERC was included in the legislation of the American Rescue Plan Act that was passed in March 2021. This legislation revised the original ERC Program that was included in the CARES Act of May 2020, where an employer had to choose between the ERC and the Paycheck Protection Program (PPP).
The IRS provides various forms of government aid. The law that was passed in 2021 enhanced, expanded, and enlarged the ERC program.
Additionally, it enables companies who are qualified to profit from either the PPP or the ERC program.
Many people including accountants do not even realize that they can now use PPP and ERC.
Who Is Eligible For The ERC Covid Relief?
You may still be eligible for ERC payments even if your company did not see a decrease in income and was not regarded as important.
Some Examples Include:
A disruption in your business (division or department closures)
• Inability to visit a client’s job site; Suppliers were unable to make deliveries of critical goods or materials; Additional spacing requirements for employees and customers due to social distancing.
• Changes in business hours.
• Partial or full suspension of your operations.
• Shutdowns of your supply chain or vendors.
• Reduction in services offered.
• Reduction in workforce or employee workloads.
• Reduction in services offered.
The most important questions to ask yourself are as follows:
As a result of the government’s order to partially or completely suspend certain activities, was your company unable to continue those activities in a comparable manner, and did this result in an impact that was more than nominal on your business operations?
What are the Benefits of Employee Retention Credit 2022?
To attract and retain talent, companies are focusing on offering competitive benefits packages. These benefits include health and wellness programs, life insurance plans, retirement savings plans, and more.
The employee retention credit is a new tax deduction that will be available to eligible employers in 2022.
The purpose of this deduction is to encourage businesses to invest in their workforce by providing them with a tax break for doing so.
The employee retention deduction is a new tax deduction that will be available to eligible employers in 2022.
The purpose of this deduction is to encourage businesses to invest in their workforce by providing them with a tax break for doing so. This credit will be available over the course of the calendar year, beginning on January 1 and ending December 31, meaning you can deduct your contributions in any twelve-month period beginning January 1 and ending December 31.
The individual employee retention deduction is an amount equal to 10% of the eligible amount paid by the employer during the year for health care coverage for eligible employees, up to a maximum of $6,550 per employee.
The new credit will be available over the course of 12 months beginning on January 1 and ending on December 31, meaning that you can deduct your contributions in any 12-month period beginning January 1 and ending December 31.
The individual employee retention deduction is an amount equal to 10% of the eligible amount paid by the employer during the year for health care coverage for eligible employees, up to a maximum of $10,000 per employee.
This credit will be available over the course of 12 months beginning on January 1, 2019 and ending December 31, 2019. The individual employee retention deduction is an amount equal to 10% of the eligible amount paid by the employer during the year for health care coverage for eligible employees, up to a maximum of $10,000 per employee.
This credit will be available over the course of 12 months beginning on January 1, 2020 and ending December 31, 2020. The individual employee retention deduction is an amount equal to 10% of the eligible amount paid by the employer during the year for health care coverage for eligible employees, up to a maximum of $10,000 per employee.
The credit is not available to employers that do not offer health care coverage. The employer retention deduction equals 10% of the eligible amount paid by the employer during the year for health care coverage for eligible employees.
Employers with at least 100 full-time equivalent employees (FTEs) are eligible to claim this credit. If the amount of employer retention deduction exceeds the credit, the excess can be carried over to future years.
For purposes of this credit, an eligible employee is a workforce unit member with respect to whom there is no qualified health plan coverage for all members during any month, who has not elected COBRA benefits, and who has been employed by an eligible employer for at least 20 hours during the preceding calendar month.
What Are The Drawbacks Of Employee Retention Credit 2022?
Employee retention credit is a specific type of tax credit that companies can claim when they maintain a certain level of employee retention. This is an incentive for employers to keep their employees and not make them feel like they have no other choice but to leave.
However, there are drawbacks to this tax credit that employers should be aware of before they apply for it. One drawback is that this tax credit only applies when the employee has been with the company for at least one year. If the employee leaves before that then there is no way for the company to claim this benefit.
Another drawback is that if an employer hires someone who has received this incentive in the past then they will be ineligible to receive it again, even if it was with another organization. This means that if someone left one company and be hired by another company that received the tax credit they would not be able to take advantage of it again.
Estimates of potential annual credits range from $0 to up to $2,200 per employee. This can vary by state and industry so it is important for employers to check with their state’s department of labor agency before applying for the incentives.
The United States federal government offers a tax credit for employers that hire certain employees with disabilities, but it is not refundable and there is a limit of 200 hours of work in the first year.
The credit starts to be phased out when an employee earns more than $25,000 per year based on the number of hours they work each year.
Thus, the employer who hires a worker with disabilities will generally not receive a full-time employee discount from the Fair Labor Standards Act (FLSA) and will be required to pay all employees at least minimum wage.
The employer is also prohibited from hiring more than 10% of its workforce as workers who are currently receiving public assistance or are members of certain targeted groups.
4 Common Mistakes Most People Make In Regards To ERC
Over the course of the previous two years, the ERC has undergone a number of revisions, some of which went into effect in 2020, while others are not going to take effect until 2021.
Confusion has increased significantly as a direct result of these developments. The discussion of this tax credit with the company’s tax counsel should be regarded as the most significant action a company may take.
Here are 4 of the most common mistakes people make about ERC.
Big Mistake Number 1:
Because my company has already taken out a loan under the Paycheck Protection Program, I am not eligible.
At first, an employer could not be eligible for both the Earned Revenue Credit and the Paycheck Protection Program at the same time (PPP).
This rule was changed by the Relief Act in December 2020, and the change was made retroactive all the way back to March 27, 2020. As a result of this rule change, eligible employers are now able to claim the ERC on any qualified wages that are not counted as payroll costs in order to obtain PPP loan forgiveness.
Any salaries that may count toward qualifying for the ERC or PPP debt forgiveness programs can only be applied to one of these two programs at a time; they cannot be applied to both programs at the same time.
Big Mistake Number 2:
It is too late for my company to submit a claim for the credit
In the event that your company was able to recover from a “significant drop in gross revenues,” and you had not previously applied for the credit, you may still submit an application for a retroactive ERTC refund.
Even though the employee retention tax credits will no longer be available after October 1, 2021, you may still be qualified to take advantage of them if your company meets the requirements. In order to assess whether or not they are eligible for the program, businesses have three years after it comes to an end to look back on salaries earned after March 12, 2020.
Big Mistake Number 3:
Because I didn’t launch my company until 2019, I don’t qualify.
For companies that began operations in 2019, the quarter in which the company began operations will serve as the foundation for calculating the quarterly drop, and this will continue until the company has been in existence for one full year. For instance, a new company that began operations in the second quarter of 2019 would use the results of that quarter as the basis for calculating the loss in revenue for either the first or the second quarter of 2020.
If a company begins operations in the middle of a certain quarter in 2019, it is possible to utilize an estimate of the gross revenues for that time.
Big Mistake Number 4:
I do not believe that the percentage of drop in my 2021 quarterly sales is sufficient to qualify.
The Internal Revenue Service has issued some new rules in response to guidance that they have offered, which may make it simpler for businesses to satisfy the requirements necessary to qualify for the employee retention credit.
The Internal Revenue Service’s Notice 2021-23, titled “Information on the Employee Retention Credit under the CARES Act for the First and Second Calendar Quarters of 2021,” provides guidance on an alternate quarter election.
This notice was issued in 2021. Because of this option, companies may turn to the quarter before this one to evaluate whether or not they saw a revenue loss of more than 20 percent. For instance, if the company’s revenue in the first quarter of 2021 fell less than twenty percent when compared to the revenue in the first quarter of 2019, the company could look to the previous quarter, which would be the fourth quarter of 2020, and compare those revenues to the revenues in the fourth quarter of 2019.
In addition, under Revenue Procedure 2021-33 of the IRS, a safe harbor was made available, which allowed employers to omit certain payments from gross revenues for the express purpose of assessing whether or not they were eligible for the ERC.
These amounts are:
The amount of the forgiveness of a PPP Loan
Shuttered Venue Operators Grants under the Economic Aid to Hard-Hit Small Businesses, Venues Act, and Non-Profits
Restaurant Revitalization Grants under the American Rescue Plan Act of 2021
How To Apply For The ERC Yourself & Paid And Free Tool for Calculating the Eligibility of ERC (Do It Yourself Method Aka Very Confusing)
You can use a tool that will assist you in calculating the possible employee retention credit that your company is entitled to.
There are several different tools available that may assist you in calculating the possible employee retention tax credits.
https://internetmoneykings.com/employee-retention-credit-worksheet
Thomson Reuters has revised the Employee Retention Credit Tool in order to assist all companies in determining whether or not they are qualified for the employee retention credit. This was done due to the complexity of the eligibility requirements for the credit.
I don’t recommend the DIY method because it is an overwhelming and confusing process.
You can also ask your accountant for help, but in my experience accountants are not even up to date with this type of information at least my accountant was not even aware of the fact that getting an ERC from the government was even an option.
I mean you go see a specialist for special knowledge not a generalist and don’t even think about trying to fix it yourself because disaster is going to hit the fan.
The most effective course of action in my humble opinion is to collaborate with a firm that provides employee retention credit in order to make certain that all guidelines and laws pertaining to total credit are effectively followed.
Luckily for you I found a service that does just that and best of all it is F-R-E-E of cost.
You just can’t beat that solution no matter how good your lawyer or your tools are. This not only saves you a ton of money it also saves you from going insane.
How To Get Professional Help With Your ERC Application
There are a services that helps companies save money on employee retention credits by streamlining the process of onboarding new customers and reporting claims in as short as one to two weeks. Additionally they protect sensitive information with its private and password-protected Client Portals. An initial estimate of the ERC may be obtained at no expense and with just a little amount of effort put up front. They let you exactly know about your ERC refund status.
Introducing The Most Effective Employee Retention Credit Service (Done For You + Completely Free Method)
Bottom Line Concepts is such a service. They helps companies just like yours to save money on employee retention credits and save you loads of valuable time.
The staff at Bottom Line Concepts is able to provide paperwork that is ready to be filed with the IRS without contacting your payroll provider in the process.
This service simplifies the process of filing for your employee retention tax credit.
They evaluate your company to determine whether or not it is eligible for the ERC Program, the amount of funding that it is appropriate for you to receive, and any further technical issues that may come up throughout the course of this otherwise complicated procedure.
You won’t have to stress about navigating it on your own when you have the assistance of the professionals at Bottom Line Concepts at your side. They will direct you and lay out the processes that you need to do in order to maximize the claim for your company, as well as answer any concerns about the ERC that you may have.
Bottom Line Concepts is the place to go for more information.
The following are some of the reasons why using this service makes it simpler to apply for the employee retention tax credit:
They are able to guide you through the process from start to finish by providing effortless data gathering (including a portal for you to upload your 941 returns, PPP loan documents, and raw payroll data), credit calculation to determine the exact value of the credit you are eligible to receive from the IRS, and assistance amending returns.
Bottom Line Concepts knowledgeable services, free consultations, 100 percent IRS compliances, and extraordinarily high success rates have been of assistance to businesses of varying sizes.
As a result, they are familiar with how to negotiate the complexity and adhere to the norms and regulations. Their staff of COVID relief program professionals maintains current on the most recent news and information coming from the SBA, the Treasury, Congress, and the IRS on a continual basis.
Bottom Line Concepts is the place to go for more information.
The specialists at Bottom Line Concepts are also well acknowledged as thought leaders in the field of COVID relief policy. The staff at Bottom Line Concepts uses innovative thinking to maximize your advantages while adhering to the constraints and limitations imposed by the IRS.
The team includes devoted ERC advisers that are in the front of educating the general public and guiding customers toward optimum COVID alleviation advantages.
Get in touch with a Free ERC Advisor today!
A great number of companies have jumped to the conclusion that they are not qualified for the ERC because they are confused and even their accountants have no clue.
It is critical for a company to consult with a professional ERC expert on the further measures to take.
The process of claiming the credit may be difficult, but the ERC professionals at Bottom Line Concept have assisted a great number of companies in determining whether or not they are qualified for it and in taking advantage of the opportunity when it presented itself.
Get in touch with a Bottom Line ERC Advisor today if you need any further information.
If you have 5 W2 employees you are eligible and a friendly Bottom Line ERC Advisor is going to walk you through the whole process and do the application for you. All you have to do is answer a few simple question.
What Is Bottom Line Concepts
Bottom Line Concepts is assisting clients with various forms of government aid, one of which is the Employee Retention Credit Program (ERC), which was included in the legislation of the American Rescue Plan Act that was passed in March 2021.
This legislation revised the original ERC Program that was included in the CARES Act of May 2020, where an employer had to choose between the ERC and the Paycheck Protection Program (PPP).
Bottom Line is assisting clients with these various forms of government aid. The law that was passed in 2021 enhanced, expanded, and enlarged the ERC program.
Additionally, it enables companies who are qualified to profit from either the PPP or the ERC program. Many people do not realize that they can now use PPP and ERC.
If you are not receiving ERC, Bottom Line Concept would welcome the opportunity to discuss your eligibility requirements and how to start the ERC program application for your company.
They will manage everything from start to finish in a done for you type of scenario for you.
It does not cost you or your company a penny and you only have to answer a couple of questions.
They can get you up and running with funds in your bank fairly quickly.
They will guide you through the plethora of complexity that may be relevant to the one-of-a-kind position that your firm is in, such as the following:
• Program benefits to both small and large employers
• Eligibility requirements by Revenues or Governmental orders for past and future quarters
• Aggregation affiliation rules
• International nuances
• Treatment of furloughed employees and employees paid while not working
• Eligible costs besides wages such as employer paid healthcare & pension contributions
• Full or partial eligibility of Program benefits for the duration or part of the Program’s 21 months
• What constitutes a Recovery Startup Business and its benefits under the Program
• Rules governing Part Time employees
• Nuances of Union and Non-Union situations
• Multi-state companies sort through multiple Governor’s Executive Orders impact on eligibility
• Analyzing the mathematical sweet spot to maximize both PPP forgiveness and ERC credits
• Demystifying FAQs from the IRS
Bottom Line Concept Results
A Bottom Line Concept advisor will walk you through the process, give you a refund estimate and process the refund with the IRS. They are a one-stop-shop from start to finish. This 3rd party has done this process for over 7,000 customers and recovered over 2 billion in refunds. They have been in business since 2009 and work with many of the Fortune 500.
They have been very lucrative to many small and mid-sized businesses across the country and here are some of the results that Bottom Line Concepts has achieved for some businesses that have asked for their help:
• Bottom Line Concepts has been successful in securing refunds for our customers ranging from $100,000 to $10,000,000
• Up to $26,000 may be refunded to each person who is on the payroll (this amount is contingent on the actual wages paid and the cost of healthcare)
• Recovery Startup Businesses are allowed to remain in the program until 12/31/2021
• Retro back for 2020 at $5,000 per employee
• The Internal Revenue Service will pay refunds for the previous quarters dating back to 2020 Q2 inclusive to the beginning of 2021
Check if You Qualify for the Employee Retention Credit Today?
Just answer a couple of simple questions here:
http://harperstribune.com/ercfund
Please only respond if you have 5 W2 employees, if your business operates in the USA, and if you have not already received Employee Retention Credit.
If all 3 items apply to your business you are able to get a reimbursement offered by the government.
Employee Retention Credit Deadline 2022
So when is the employee retention credit 2022 deadline you might ask. The Act will no longer be in effect as of the 30th of September, 2021; however the good news is that claims may still be submitted by qualifying enterprises until the 30th of September, 2022.
So make sure to get your Free ERC refund ASAP just by clicking here!
Conclusion: The Future Of Employee Retention Tax Credits
The future of employee retention tax credits is a topic that has been debated for quite some time. There are many arguments for and against the idea, but there are also many benefits to the idea as well.
It could be used as a tool to attract and retain employees, or it can be used as an incentive for employees to stay with their company longer.
In conclusion, I believe that the future of employee retention tax credits is still in question. We have yet to see if it will work in favor or against companies who use it, but one thing is for sure and that is the following. You can still profit from the ERC today and you should do so before the deadline ends.
If you are not receiving ERC, I would recommend that you take the opportunity to discuss your eligibility requirements and how to start the program as soon as possible with a professional ERC advisor who will manage everything for you and you don’t have to do anything.
He or she can get you up and running with funds in your bank account fairly quickly and the best thing of all is that it does not cost you anything. It can’t get better than FREE!
The process is made simple by Bottom Line and my own online business will be getting back about $11,000 per W2 employee.
I myself started hiring before Covid because business took off and I needed more help with every aspect of it.
I couldn’t believe my own eyes when Jason a friend of mine was checking to see if my company has applied for the Employee Retention Credit. He opened my eyes to this concept. Sure enough I got help from Bottom Line Concepts as well and they handled everything for free for my company.
This is is why I am recommending them as the only solution for you because Bottom Line is able to get the ERC refund for you in the form of a grant and yes it can return up to $26,000/employee ($11,000 is the average) depending on wages, health care and other personnel expenses business owners have already paid.
It is my belief that your business would be able to receive this ERC refund, too. If you are interested in learning more, please click here and Bottom Line Concepts will get the process started for you and help you with this once in a lifetime opportunity.
Frequently Asked Questions About Employee Retention Credit
What Is Recovery Startup Business Employee Retention Credit IRS?
A refundable tax credit against some employment taxes is known as the Employee Retention Credit. This credit is equivalent to fifty percent of the qualifying salaries that an eligible firm pays to workers after March 12, 2020 and before January 1, 2021. Employers who qualify for the credit may have immediate access to it by decreasing the amount of employment tax deposits they would have been forced to pay otherwise. Additionally, in the event that the employer’s employment tax deposits are insufficient to satisfy the credit, the Internal Revenue Service (IRS) may provide the employer with an advance payment.
Is The Employee Retention Credit Taxable Income?
According to Internal Revenue Code Section 280C, employer tax credits result in a decrease in wages equal to the amount of the credit, despite the fact that the ERC is not considered taxable income. This decrease takes place in the year that the wages were paid; hence, a credit for the year 2021 must be shown on the tax return for that year, even though the refund has not yet been received.
What Are Employee Retention Credit 2022 Qualifications?
Employers in the private sector or tax-exempt organizations who carry on a trade or business during the calendar year 2020 and meet one of the following requirements are considered eligible for the employee retention credit in the year 2020:
fully or partially suspended operations during any calendar quarter due to orders from an appropriate government authority limiting commerce, travel, or group meetings due to COVID-19; or experienced a significant decline in gross receipts during the calendar quarter. full or partial suspension of operations during any calendar quarter due to orders from an appropriate government authority limiting commerce, travel, or group meetings due to COVID-19.
The criteria for eligibility have been revised for the year 2021.
For an employer to qualify for the credit, more than a minor amount of their company activities must have been halted during the relevant time period. A portion of an employer’s business is considered more than a nominal portion of operations for the purposes of the employee retention credit if either the gross receipts from that portion of business operations are not less than 10 percent of gross receipts (determined by the same calendar quarter in 2019) or the hours of service performed by employee in that portion of the business is not less than 10 percent of the total number of hours of service performed by all employees in that portion of the business.
What Is Adp Employee Retention Credit 2022 & Where To Find ADP Compliance Resources?
You have access to a wide variety of materials via the ADP, and you are free to make use of them as you see fit. They often keep on staff committed specialists who are able to assist you with regulatory measures that have an immediate impact on tax and benefit administration, as well as human resource management & payroll processing. Although they are a fantastic resource for the duties outlined above, you should always make sure that your paperwork is handled appropriately by contacting a trustworthy tax expert or firm that is aware with ERC. This will guarantee that your documents are processed in a timely manner.
More Employee Retention Credit Tips
https://internetmoneykings.com/employee-retention-credit-worksheet
https://internetmoneykings.com/bottom-line-concepts-review
Further Actions After Reading The Complete Guide Of Employee Retention Credit 2022
Smartcash Mining Pool
The Complete Guide to Smartcash Mining Pool and How it is Disrupting the Cryptocurrency Mining Industry
Introduction: What is Smartcash?
Smartcash is a community-driven cryptocurrency that provides a sustainable and scalable alternative to Bitcoin.
It is a decentralized cryptocurrency that was created in 2014 by developer and entrepreneur, Peter Bushnell. The currency was designed to be fast, private, and easy to use.
How to Mine SmartCash?
Mining SmartCash is a process that involves solving complex mathematical problems. The more computational power you have, the faster you can solve these problems and earn SmartCash.
The first step to mining SmartCash is to download the wallet from the official website. You will need to create a new wallet or import an existing one. Once you have done this, you will need to generate a new address for your wallet by clicking on “Receive” and then “New Address”. This address will be used for mining purposes only and should not be used for any other transactions.
The next step is to find a mining pool that supports SmartCash mining. There are many pools available but we recommend using https://smartcashpools.com/. Once you have found a suitable pool select “New Pool Registration” and follow the on-screen instructions.
The next step is to download the latest wallet from https://smartcash.cc/. This can either be done using a .zip file or using a .tar.gz file. Once you have downloaded the wallet from https://smartcash.cc/ you will need to extract it using either a .zip or .tar.gz file and then run the newly created wallet which can be found as SmartCash-v3.0.0-windows-x64-static.exe.
SmartCash Mining Pool – The Future of Cryptocurrency Mining?
SmartCash is a cryptocurrency that has a mining pool where miners can get paid for their work.
The mining pool is managed by SmartCash and it operates on the principle of PPS (pay-per-share). This means that miners are paid for every share they contribute to the mining process. The payout is calculated depending on the total number of shares that have been submitted.
Conclusion: Why You Should Start Mining SmartCash Today
In this section, I will be discussing the benefits of mining SmartCash. SmartCash is a cryptocurrency that has many features that make it unique from other cryptocurrencies.
It has a decentralized governance system and a self-funded community project treasury. It also has instant transactions and low fees for transactions. It is also one of the most privacy-centric coins with its zerocoin protocol, which allows users to send private transactions with no transaction history or balances stored on the blockchain.
It is important to note that these features are not just limited to SmartCash, but also have been implemented in other cryptocurrencies as well. However, there are some features that only exist in SmartCash such as SmartNodes and InstantPayments, which have not been implemented in any other cryptocurrencies.
I will be going over a few of the benefits provided by SmartCash.Society-Focused Features: It is important to note that SmartCash emphasizes on social and environmental impact as well as its own governance system. One of these features is community treasury, which allows for local projects and civic funding. In addition, it uses a self-funded model, which allows the currency to remain decentralized.
SmartNode and InstantPayments: SmartNodes are community computers that run the SmartChain software. They constitute a network of nodes that facilitate transactions and blocks without being compensated financially and without any mining process involved.
In addition, they can vote on important decisions like community treasury allocation for local community projects and voting for ambassadors.
InstantPayments are instant transactions that are programmed into the blockchain. It can bypass the blockchain and process transactions without waiting for it to be verified by miners, thus saving a lot of time on a transaction.
It is important to note that SmartCash emphasizes on social and environmental impact as well as its own governance system. One of these features is the treasury of SmartCash which is used for community projects and ambassadors.
It is important to note that the treasury system allows people from all levels of the community to be involved in decisions about what gets funded and what does not.
The SmartChain software has an interesting feature called InstantPayments which bypasses blockchain verification, thus saving time when making a transaction.
Coinspot Review – Is Coinspot Safe & Legit?
The Complete Guide to Coinspot Review (Is Coinspot Safe & Legit, Fees, Features) And How It Can Help You Make a Wise Investment Decision
It is imperative to read through the numerous cryptocurrency exchange guides and reviews before choosing any cryptocurrency exchange platform.
In order to help traders make the best decision possible, we have attempted to cover all the critical aspects of CoinSpot’s features, services, costs, registration process, etc. in this review.
There are numerous difficulties when getting started with cryptocurrencies and ecpecially beginners might feel overwhelmed which is why we examined CoinSpot in detail.
Basic Coinspot Details
Name: CoinSpot
Product Type: Australian Cryptocurrency Exchange
Established: Founded in December 2013, Melbourne Australia
Fiat Currencies Available: Australian Dollars (AUD)
Cryptocurrencies Available: Bitcoin, Ethereum, Litecoin, Ripple and 100+ other coins
Web Address: www.coinspot.com.au
Main location: Melbourne, Australia
Mobile app available: Yes
Deposit Methods: Bank transfer, OSKO, BPAY, POLi, PayID, Cryptocurrency, Cash
Trading Fees: Market order: 0.1%, Instant buy/sell: 1%, OTC: 0.1%
Deposit Fees: POLi & PayID: Free, BPAY: 0.9%, Cash: 2.5%, Direct Deposit: Free, Bank transfer: Free
Withdrawal Fees: AUD: Free, Crypto: Varies depending on the coin
Fiat Currencies: AUD
Cryptocurrencies: BTC, ETH, LTC, XRP, EOS, TRX, ADA, GRT & 360+ more
Introduction: What is Coinspot Exchange?
Coinspot is an Australian-based cryptocurrency exchange. Coinspot’s mission is to make it easy for Australians to buy and trade cryptocurrencies, whether they are beginners or experts.
It was founded in 2013 by Russell Wilson.
The company has a range of features that allow users to trade with confidence and find the best deals. on the market.
The platform offers a secure and trustworthy environment for trading (purchasing, offering for sale, or exchanging) cryptocurrencies. The business has joined the Australian Digital Commerce Association (ADCA), a non-governmental organization renowned for its unwavering dedication to offering legal protection to its registered clients.
Australia’s top cryptocurrency exchange Individuals, Super Fund investors, and businesses that have registered with CoinSpot can instantaneously buy or sell cryptocurrencies (mainly Bitcoin). Additionally, it enables people to trade on the open market by speculating on cryptocurrency prices and potentially making money.
To protect the exchange’s activities with its investors, CoinSpot is licensed by Casey Block Services Pty Ltd, ABN 19 619 574 186, and subject to strict financial sector regulation in Australia.
On 19 December 2017, Coinspot had a security breach when it was hacked by cybercriminals who stole more than $6 million in total.
The major cryptocurrencies that were stolen included Bitcoin, Ethereum, Litecoin and Ripple. As of March 2018, the company has been working with a new platform to facilitate trading but is still recovering from the hack.
The company has a range of features that allow users to trade with confidence and find the best deals on the market.
Coinspot Features: Pros & Cons
Coinspot Pros
Simple and quick sign-up procedures allow you to begin trading right away.
Easy to understand user interface.
If you’re new to the world of cryptocurrencies, CoinSpot is a wonderful place to start because it has an easy-to-use interface that makes it simple for new crypto investors to get started.
Additionally, it offers seasoned cryptocurrency traders a second price chart window that they can simply access from the Dashboard whenever they want to perform technical analysis. Both the desktop version and the CoinSpot app provide access to the feature.
$20 in Bitcoin is given when joining CoinSpot with this link.
Buy right away with AUD and pay nothing up front with PayID or a bank transfer.
360+ coins available for purchase, sale, or exchange. One of the widest selections of supported cryptocurrencies is offered by CoinSpot, which supports well over 360+ different cryptocurrencies at the moment.
CoinSpot also enables trading on PC and mobile devices. Both their Android and iOS apps, which can be downloaded from the Google Play Store or the App Store, as well as a web browser can be used to access it. For serious traders who want to fast buy and sell cryptocurrencies while monitoring market values, this is a requirement.
Earn interest on 21 cryptocurrencies.
Marketplace NFT.
Low fees for making Market Orders of merely 0.1 percent.
Registered with AUSTRAC
There are trading apps for both Android and iOS that are available 24/7.
Customer Support via Helpdesk assistance and live chat.
During business hours, CoinSpot has a Live Chat option so you may receive help right away. Live Chat is accessible Monday through Friday from 9 am to 8 pm AEDT and on weekends from 9 am to 5 pm AEDT.
You won’t have to go through a bot to determine what question you need help with because real humans are right there to answer your questions. Additionally, you won’t have to wait in line to speak with a support representative, and the team can address any issues you may have immediately.
Coinspot Cons
Even if CoinSpot has a lot going for it, there are a few things to take into account before registering: no cutting-edge choices like derivatives or leverage trading.
Payments made with credit and debit cards are not accepted.
Since CoinSpot is designed to be user-friendly, there are no complex features like derivatives or margin trading because these are geared toward experienced traders. This won’t be a problem if you’re new to cryptocurrency, but if you’re a professional trader, CoinSpot might not have enough possibilities for you.
There is no support for credit or debit cards. Although CoinSpot offers a variety of deposit options, it is sadly not feasible to use a debit or credit card to make a purchase.
If using that way is your sole choice, consider Swyftx, a comparable cryptocurrency exchange that also accepts debit and credit cards.
Coinspot Fees
It’s not bad that CoinSpot has no withdrawal fees and a modest trading charge of 0.1 percent. There are no fees associated with the most popular deposit methods (POLi, PayID, or Direct Deposit via OSKO), although there is a 2.5 percent deposit fee associated with cash deposits made at newsstands. Additionally, there is a 0.9 percent fee for BPAY deposits.
Despite the fact that trading costs are extremely cheap, there is a 1 percent fee for Instant Buy/Sell orders, Advanced Trading Orders, and CoinSwap Trade Orders (which let you buy and sell coins utilizing straightforward liquidity from one coin to any other on the network).
Coinspot Fees In Detail
Coinspot Deposit Fees
Fortunately, the most popular deposit alternatives offered by CoinSpot have no fees. Deposits made by POLi, PayID, or Direct Deposit (through OSKO) are cost-free. Cash deposits at a newsagent have a 2.5 percent deposit fee, and BPAY deposits have a 0.9 percent deposit fee.
Coinspot Transaction Fees
Here are the different CoinSpot transaction fees, and I’ll explain how they differ.
Market Trades: 0.1 percent charge – When you select a price to buy or sell your cryptocurrency, that order will be filled when another user wishes to fill it. While CoinSpot only provides 15 trading options at the time of writing, they nevertheless include the majority of the 360+ main coins. These consist of Bitcoin, Litecoin, Ethereum, XRP, Ada, Gas, NEO, and more.
Instant Buy/Sell: 1 percent charge – CoinSpot has established a price for each coin you desire to buy/sell, so you don’t have to wait for a buyer in another part of Australia. That transaction will be finished for you right away by CoinSpot. The good news is that you may buy and sell any of the 360+ cryptocurrencies that CoinSpot offers, so you don’t have to worry about price changes while you wait for your order to be filled.
OTC Trades: 0.1 percent cost – Members can use the OTC (Over-The-Counter) Trading Desk, which offers quick settlement, for high volume transactions. For transactions of $50,000 AUD or more, this choice is advised.
Advanced Trading Tools: 1% – This rate is for seasoned investors who enjoy using instruments like recurring buys, take profits, stop losses, and limit orders.
CoinSwap: 1 percent – On the platform, the ability to instantly purchase and sell coins from one coin to any other coin. There are numerous special trade pairs that are not offered on regular marketplaces.
Coinspot Withdrawal Fees
No matter how much you withdraw, there are no costs associated with sending AUD to your Australian bank account.
There is a basic transaction (mining) cost that is dependant on the coin and how busy the network is if you are sending coins to wallets outside CoinSpot. On the wallet page, the cost will be disclosed.
What Services Does Coinspot Offer
You can feel overrun by the choices with so many crypto exchanges to pick from. Here, we’ve summarized some of CoinSpot’s top offerings to demonstrate how it differs from the competition.
Instant cryptocurrency purchases with AUD are available on this Australian exchange, thus this is the first feature worth highlighting. It is simple and cost-free to add AUD to your CoinSpot account and begin purchasing cryptocurrency right now.
360+ Cryptocurrencies
By just pressing the Acquire button on CoinSpot, you may instantly buy Bitcoin or any of the other 360+ cryptocurrencies. You don’t have to wait for another trader to fill your order before your buy is made, unlike exchanges where you trade on the market. CoinSpot is able to sell goods to customers directly since it owns bitcoins.
CoinSpot supports all of the major cryptocurrencies, as you might assume, but it also offers a variety of coins that you might not discover on smaller exchanges, totaling over 360+. This doesn’t really affect you if all you intend to buy are the common coins like BTC, ETH, ADA, XRP, and BNB, but if you’re looking for a special currency you think will do well, your best chance is CoinSpot.
Coinspot Interest
CoinSpot is one of the first Australian cryptocurrency exchanges where you may earn interest on 21 different cryptocurrencies. They presently offer 21 different coins for interest possibilities, and they are constantly expanding the list. It is a great approach to increase your long-term investment portfolio’s cryptocurrency holdings.
Coinspot NFT Marketplace
NFT Marketplace: Australians will be happy to learn that CoinSpot has added an NFT Marketplace to their site. Although everyone has heard of NFTs, obtaining one has never been so simple. There is no requirement to register with OpenSea, link a wallet, and limit your purchases to ETH. With CoinSpot, you may purchase it directly from your account using any linked cryptocurrency. You can sell an NFT directly through CoinSpot if you want to.
Since it is the first and only Australian exchange to have the highly regarded ISO 27001 accreditation for information security, CoinSpot is the safest cryptocurrency exchange in Australia.
CoinSpot was required to successfully pass an external audit conducted by SCI Qual International in order to reach the ISO 27001 standard as required by the International Organization for Standardization (an accredited JAS-ANZ certification body).
Coinspot Security
The exchange’s Information Security Management procedures and practices were thoroughly examined by SCI Qual. This comprises procedures for managing digital asset storage, data about personnel, independent contractors, suppliers, clients, goods, and services, as well as intellectual property. These strict rules are intended to prevent unauthorized use of, access to, destruction of, modification of, or closure of the information management systems of the organization.
Additionally, CoinSpot adheres to industry best practices by keeping a significant portion of its assets in extremely safe offline locations.
As a user, you can customize your account with Two-Factor Authentication, personalized withdrawal limits, anti-phishing phrases, geo-lock logins, and session timeout settings to meet your needs and take control of your security. Click here for more information on CoinSpot’s security features.
Coinspot Bundles
CoinSpot Bundles can help you diversify your holdings: Because cryptocurrencies are extremely volatile trading platforms, you must exercise prudence (for instance setting up price alerts or stop-losses).
CoinSpot Bundles are a special and extremely practical service that CoinSpot provides, allowing you to buy a range of assets in a single transaction. In addition to spreading out the risk and diversifying your portfolio, it also reduces costs, saves time, and imposes an average cost over a number of coins.
My particular favorite is “Top Ten Market Cap,” which is what it says it is: the top ten largest cryptocurrencies according to market capitalization. This is a smart investment in my opinion because it spreads out the risk to lower volatility and contains all the major currencies that I like to purchase anyhow, such as BTC, ETH, BNB, and ADA. You may view all of CoinSpot’s Bundles in the picture below.
Coinspot Security And Safety
One of the most crucial factors to consider when selecting a cryptocurrency exchange is the security measures in place to protect your savings and valuables. Due to its early entry into the Australian cryptocurrency sector, CoinSpot has emerged as the most secure of all Australian platforms.
The exchange is the sole recipient of the ISO 27001 certification. CoinSpot was required to perform an external audit conducted by SCI Qual International in order to meet this standard as required by the International Organization for Standardization (an accredited JAS-ANZ certification body).
Information Security Management methods and procedures must be thoroughly investigated and regularly audited as part of the certification process. This comprises procedures for managing digital asset storage, data on personnel, independent contractors, suppliers, clients, goods, and services, as well as intellectual property. These strict rules are intended to prevent unauthorized use of, access to, destruction of, modification of, or closure of the information management systems of the organization.
With regard to security, CoinSpot is a market leader; it stores the great majority of assets in extremely safe offline locations and offers a range of customisation choices in your individual account to guard against unauthorized account access:
Even if your password is compromised, you cannot access your account without the 6-digit Authenticator code, which is updated every 30 seconds.
Your chosen anti-phishing phrase will appear each time you sign in using two-factor authentication, letting you know it’s the real CoinSpot website and not a scam site trying to steal your data and password.
You can choose any phrase for the phone verification process, and CoinSpot will be able to confirm your identity if you need to call customer service to gain access to your account.
You can enable the geo-lock login option to restrict logins to Australian IP addresses exclusively, so preventing hacking from abroad.
You can choose this option to prevent anyone from withdrawing cryptocurrency or AUD from your account. You need to get in touch with support to re-enable withdrawals.
You can choose a session timeout to determine how long it will be until you have to log in again to CoinSpot. In the case that you forget to log out of your account, this prevents unauthorized access.
How To Sign Up & How To Create An Account With Coinspot
One of the best benefits of CoinSpot is the ease with which an account can be created.
Getting validated is the element of the sign-up procedure that is the most difficult. You must give CoinSpot your full name, Australian street address, Australian mobile phone number, a photo of a form of identification, such as a driver’s license or learner’s card, in order to be validated. a picture of a utility bill as identification.
Do not be startled by the information that CoinSpot requires; this is standard procedure for all significant cryptocurrency exchanges and is mandated by Australian anti-money laundering regulations.
It may seem like a long process just to get verified, but once it’s done, it does a great job of defending the CoinSpot community against scammers and hackers, so we can definitely say it’s worth the effort – especially when you consider the fantastic services you’ll receive after your verification is complete.
After you submit all of your supporting documents and images, verification typically happens within 48 hours, though it sometimes happens far sooner.
Once this is complete, you’ll be able to log in to your CoinSpot account and start trading!
Buying And Selling On Coinspot
You can begin purchasing and selling once you’ve been properly registered and verified with CoinSpot!
There are many choices, so if you’re a beginner, you might want to learn more about Bitcoin and other cryptocurrencies before being sucked into the buying and selling of other coins.
You can do trades whenever it fits you best, day or night.
Simple steps to buy or sell include clicking Buy/Sell in the top panel, selecting your preferred coin, and entering the desired amount in either AUD or bitcoin.
The panel will automatically determine how much the coins you want to buy will cost.
It will instantly tell you how much Ethereum you can afford, for instance, if you enter $1000 AUD. With Ethereum costing $540.81 in this example, you could buy 1.79520321 ETH tokens.
It also works the other way around; if you enter the number of ETH tokens you want to buy, an automatic conversion to Australian dollars will be made for you.
Accepted Payment Methods On Coinspot
You’re ready to use CoinSpot to make your first bank transfer deposit, but how do you do that? CoinSpot offers a wide variety of payment options, so there should be something for everyone. A few of the ways to pay on CoinSpot are:
A POLi Pay:
a long-established, trusted bank transfer mechanism that is run by Australia Post and has been used by thousands of businesses and people. POLi payments are free and quickly deposited. This makes it a very advantageous choice.
BPAY:
Another distinctly Australian company, BPAY, is recognized by more than 45,000 different merchants. It is certain to be a reputable payment option when the numbers are so high. But exactly what is it? Given industry standards, the e-wallet system’s ability to process payments in a single day is fairly impressive.
Cash Deposit with Blueshyft:
Blueshyft maintains the status quo by giving you a way to deposit cash directly for your online needs, in this case CoinSpot. More than 1,200 Blueshyft locations can be found in chosen newsrooms around Australia. There is likely a branch nearby, so take that into consideration.
PayID:
PayID, another fast bank transfer deposit option offered by CoinSpot and utilizing the Australia-wide New Payments Platform, is similar to POLi Pay (NPP). Although deposits are absolutely free, you should check with your bank about the daily restrictions because they may change.
Instantaneous direct deposit using Osko:
In order to use the direct deposit method, you only need to send money using your preferred online banking service. The good news is that these bank transfer deposits are instantaneous if your bank accepts Osko. Using the direct deposit method to put money into CoinSpot is free of charge.
What Are The Best Altcoins To Buy & Sell On Coinspot
Another noteworthy aspect of CoinSpot is the sheer number of currencies and altcoins they support on their website. Originally only a Bitcoin trading platform, they have expanded to offer a huge selection of alternative coins and fiat money.
CoinSpot unquestionably offers the greatest selection on the Australian market.
They are also well-known for often adding new cryptocurrencies to the market; typically in response to requests from Facebook page visitors, several new coins or tokens are added each month.
Prior to being listed, each coin is thoroughly examined, ensuring that the exchange is devoid of dubious schemes.
The complete list of cryptocurrencies you can purchase and sell is provided below:
Coinspot Buy And Sell Limits
The buy and sell limitations on CoinSpot are fairly flexible. There are caps on the number of cryptocurrencies you can buy or sell in a single transaction, but there are no restrictions on the total amount you can purchase each day.
The most bitcoin you can buy or sell in a single transaction is $100,000 AUD.
See the table below for the transactional limits for other coins.
POLi Pay permits the greatest deposits, up to $20,000 every 24 hours, while BPAY deposits are limited to a maximum of $10,000 AUD per 24 hours, with a few minor exceptions for new accounts during the first week (see below). The maximum amount that may be deposited each day with Blueshyft is $8,000 AUD.
Even huge spenders will find the deposit amount permitted to be fairly amazing, so crypto experts shouldn’t feel too constrained by CoinSpot’s limitations. Even such limits may appear superfluous, they help maintain order and accountability on the CoinSpot network.
Although there are no restrictions, CoinSpot advises getting in touch with them before making any sizable withdrawals so they can handle them quickly.
**You have a rolling deposit limit of $2000 per 24-hour period during your first week of CoinSpot membership; if you deposit $2000, you won’t be able to deposit more money until the same time the following day. It doesn’t restart at twelve o’clock. Your deposit cap will be increased to $20,000 every 24-hour period once your total deposits hit $2000 for the first time.
Coinspot Transaction Times
When it comes to any exchange platform, transaction times are a hot topic. Since everything is done online, there shouldn’t be any need for you to wait days or even weeks for your money to clear.
Thankfully While BPay deposits typically take 1-2 business days to be in your account, the POLi payment bank transfer technology enables your funds to be in your CoinSpot account quickly.
If you request a AUD withdrawal from CoinSpot before 2pm, it will often be credited to your bank account the next day. After 2 p.m., withdrawal requests will be processed the next day.
Coinspot 2FA
According to AML standards, traders must upload scanned copies of government-issued ID documents like a passport or driver’s license that contain the full name, address, date of birth, and phone number before they may deposit or withdraw money from their CoinSpot cryptocurrency bank accounts.
A trader must also provide a selfie image of himself holding one of the IDs.
Coinspot App
The Coinspot app has been downloaded over 15,000 times from the App Store alone and it’s rated 4 stars out of 5 by its users. The app is so popular that it has the strongest response time of any Bitcoin wallet in the App Store.
Check out the Coinspot app today and find out how easy it is to buy bitcoin with a credit card. , debit card or cash.CoinSpot is the best app for bitcoin trading in Australia
It’s an easy way to buy bitcoins with your fiat currency (USD, EUR, etc).
CoinSpot has been designed by people who have experience in finance and trading , so you can be sure we’ll have you covered. At the moment, using your credit card to purchase Bitcoin is available only in Australia and New Zealand.
Coinspot Safemoon
Can You Buy Safemoon in Australia And Can You Get Safemoon on Coinspot?
Purchasing Tether (USDT) via CoinSpot, sending it to a Gate.io account, and exchanging it for the SafeMoon token are the safest ways to purchase SafeMoon in Australia.
Use this link to sign up for Gate.io and save 10% off fees when purchasing Safemoon tokens.
Unfortunately, the majority of cryptocurrency exchanges in Australia, like CoinSpot and SwyftX, do not presently allow trading of coins like SafeMoon.
This is primarily due to the token’s recent development, which may delay its listing on centralized trading platforms.
How Do I Buy Safemoon
The fastest and safest way to purchase SafeMoon in Australia is to first open an account with an Australian exchange. As Australia’s biggest and most reliable cryptocurrency exchange, Coinspot is what we advise utilizing.
To get started, adhere to the directions below:
Join CoinSpot and purchase Tether (USDT).
Register with Gate.io.
Your Gate.io account should get the USDT.
Check out the SafeMoon trading page.
USDT to SAFEMOON token exchange
Is Gate.io Trustworthy?
A trustworthy and secure cryptocurrency exchange with over 9 years of experience is Gate.io. They are among the oldest and biggest cryptocurrency exchanges in the entire world.
Instant deposits and withdrawals, spot and futures trading, leveraged ETFs, liquidity mining, and much more are all available on Gate.io.
Over 800 different coins, including Safemoon, are available with cheap fees from them.
Should I Purchase SafeMoon?
It is crucial to understand that SafeMoon is a worthless meme coin comparable to Dogecoin before purchasing it. They advertise themselves as a decentralized protocol that allows investors to get passive income.
They charge a 10% fee for each Safemoon trade, which enables investors to earn money. The 10 percent fee is then divided equally among investors, who get genuine dividend payments.
Of the 10% charge for visiting the Safemoon website, 4% is given to Safemoon token owners, and the remaining 6% is added to liquidity, burned, and added to the SafeMoon Ecosystem Growth Fund.
Alternative Platform for Decentralized Exchange
The simplest way to purchase Safemoon tokens on-chain is through an automated market maker like Uniswap or Sushiswap. When compared to other AMMs on the Ethereum network, the Uniswap (V2) pool will offer the best performance because it has the best liquidity and the least slippage.
Frequently Asked Questions (FAQ) About Coinspot
You must first instruct CoinSpot where to transfer your money (in Australian Dollars) before you may withdraw it. Simply click on “Account,” then “Bank Details,” and then enter the account number for the location of your desired payment.
Do You Have a Wallet for CoinSpot?
Although CoinSpot does not presently offer a desktop or mobile wallet, you can keep your cryptocurrency there and access it whenever you log in. Even if a cryptocurrency exchange has an impeccable safety record like CoinSpot does, it is never advised to store sizable quantities of cryptocurrency there. One of the safest solutions is an offline or hardware wallet.
How Long Do Withdrawals from CoinSpot Take?
If you withdraw money before 12 o’clock, you can anticipate having it in your bank account the next day.
Crypto withdrawals are quickly completed, but the amount of time it takes for the funds to reach the recipient’s address will vary depending on a number of variables, including network congestion. That may increse the waiting time from one minute to a couple of hours.
How Do I Send Coins?
The’send’ function on CoinSpot makes it exceedingly simple to transmit your coins to anyone in the world. Once you’ve paid for your coins, access the wallet you want to send coins from by clicking Wallets in the top menu. Click Send after you’ve opened the wallet.
Enter the amount of coins you wish to send, then enter the address you wish to send to (double checking that it is correct). Then, if you have enabled 2FA (highly recommended! ), input your code and click Send. As a security measure, CoinSpot will immediately send you an email asking for your approval to complete the transaction.
How to Withdraw from CoinSpot?
You only need to carry out the following simple procedures to withdraw AUD from CoinSpot:
Select “My Account” from the menu.
Select “Withdraw AUD” from the menu.
Enter the withdrawal amount you want to make.
Select “Withdraw Funds” from the menu.
Make sure all of your bank information is accurate.
Ensure that you have enough money in your account to cover the withdrawal as it is processed. Normally, this procedure takes one business day.
Are CoinSpot Fees High?
The fees for CoinSpot are not high. They are competitive with other exchanges and the fees depend on the type of transaction you make. For example, if you want to buy Bitcoin, then you will be charged 0.1% fee for your purchase. If you want to sell Bitcoin, then you will be charged 0.2% fee for your sale.
Is CoinSpot a Good Day Trading Platform?
Yes, the exchange does permit day trading, according to our assessment. As a result, traders are able to execute trades whenever they choose during the day and finish off all open positions on the same day.
Is Coinbase or CoinSpot Better?
Coinbase is a cryptocurrency exchange and wallet provider. It is one of the most popular exchanges in the world. Coinbase was founded in 2012 and has been operating since then.
CoinSpot is an Australian-based cryptocurrency exchange that offers trading pairs with Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero and more. It was founded in 2013 and has been operating since then.
Coinbase is a better option for beginners because it offers a simple interface for buying cryptocurrencies with fiat currency (USD). CoinSpot also offers this feature but it requires you to verify your identity first before you can buy cryptocurrencies with fiat currency.
Can You Make Money from CoinSpot?
You can make money from CoinSpot by trading cryptocurrencies. You can also make money by referring people to the platform.
How Do You Use CoinSpot for Beginners?
The first step is to create an account on CoinSpot. You can do this by clicking the “Sign Up” button in the top right corner of the screen here.
Next, you will need to verify your email address by clicking on the link in the email CoinSpot sends you.
After verifying your email address, you will be able to log into your account and start trading cryptocurrencies!
Which Nations Does CoinSpot Support?
Only Australian citizens are eligible to use CoinSpot Australia’s services. The user must only deposit money using cryptocurrency if they are located outside of Australian law.
CoinSpot Is It Governed and Legal in Australia – How Trustworthy is Coinspot?
Yes, CoinSpot is authorized by “Casey Block Services Pty Ltd” (ABN 19 619 574 186) and subject to strict Australian financial regulations. Additionally, it has memberships in AUSTRAC, Blockchain Australia, and the Australian Digital Commerce Association.
CoinSpot is a trustworthy and authorized cryptocurrency exchange. It is safe to assume that this exchange complies with all local rules and regulations given that it has obtained the ISO 27001 certification and is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
Can the ATO See CoinSpot?
The ATO can see CoinSpot transactions. The ATO is able to see all the transactions that are made on CoinSpot. This is because CoinSpot is an Australian company and they have to comply with Australian tax laws.
The ATO can see all the transactions that are made on CoinSpot. This is because CoinSpot is an Australian company and they have to comply with Australian tax laws.
Do they submit reports to the ATO?
Yes. CoinSpot is obligated to disclose all bitcoin transactions to the ATO because it is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This is so they can make sure that any earnings from cryptocurrency trading are taxed appropriately.
Can You Lose Money on CoinSpot?
You can lose money on CoinSpot if you don’t know what you’re doing. You should only invest in cryptocurrencies if you understand the risks involved.
Was CoinSpot Compromised?
It’s good to know that CoinSpot has never experienced a breach because of their strict security measures in these times when you frequently hear about foreign exchanges being compromised.
Verdict: Could You Trust Coinspot & Is Coinspot Legitimate?
One of my top choice for cryptocurrency investors who want convenience and security when trading is CoinSpot, which is rated as the finest exchange for cryptocurrencies in Australia. The principal causes are as follows:
For Australians, CoinSpot is definitely the best exchange for buying cryptocurrency. For me, it comes down to 6 main things:
1. Security: CoinSpot is clearly the most secure and trusted crypto exchange in Australia, so you can invest and trade with peace of mind.
2. User-friendly: CoinSpot has a simple interface that is easy for beginners to use, and depositing and withdrawing is free and easy. Even though the interface is simple, CoinSpot still incorporates many features that experienced traders want in a crypto exchange, such as staking on 21 coins and an NFT marketplace.
3. Customer support: This might not be something you think about when you choose a platform to trade on, but trust me. Imagine pulling your hair out trying to find contact details for an exchange because you can’t seem to deposit funds; you will wish you had the option to speak to Customer Support! I have been in that exact situation, which is why I look for Live Chat options now.
4. Platform: CoinSpot has created a very user-friendly platform that enables even complete beginners to purchase and sell any cryptocurrency they like directly from AUD. Both the desktop website and the mobile app have an easy-to-use UI. Live Chat help with a live person is a fantastic service for any new user. The last thing you need when you need help is a helpless bot or an email ticket that takes days to get a response.
5) ASIC and AUSTRAC: CoinSpot is the only Australian exchange to have earned the coveted ISO 27001 accreditation, making it the most reliable and secure cryptocurrency exchange in Australia. It has also undergone the most audits. In order to prevent money laundering and the financing of terrorism, it is registered with ASIC and AUSTRAC. It also adheres to industry best practices by keeping the great bulk of its assets in extremely secure offline locations. As opposed to other exchanges in the past, CoinSpot won’t misappropriate or steal your money.
6) 360+ Coins: The choice of cryptocurrencies available on CoinSpot, which numbers over 360, is one of the largest in Australia. All of the well-known coins, including BTC, ETH, LTC, XRP, and BNB, as well as other smaller altcoins that you may be familiar with, are unquestionably available. CoinSpot also provides staking on 21 coins, allowing you to earn income on your cryptocurrency while making long-term investments.
The lack of support for credit card deposits with CoinSpot is one of the minor issues. However, as CoinSpot provides a variety of practical and cost-free deposit options, including bank transfer, PayID, and POLi, I don’t think this is a major problem.
It is simple to understand why CoinSpot is the top exchange in Australia as it is the most reliable and secure exchange with over 2.5 million members and offers more than 360 coins.
CoinSpot provides a quick trading interface, but because it has high Instant Buy/Sell order costs of 1%, we find it difficult to recommend it as my number one choice and as one of the best cryptocurrency exchanges in Australia. I strongly advise using CoinSmart instead because of its ease of use, superior security, and affordable fees compared to other Australian crypto exchanges.
What I Really Don’t Like About Coinspot
High Fees of 1% in Comparison to Rivals
When compared to Swyftx (0.6 percent) and Digital Surge (0.1 percent), CoinSpot’s instant buy and sell fees are higher at 1 percent (0.5 percent ). Trading on the market allows you to access lesser fees; however, you can only trade 14 coins there for a fee of 0.1 percent. You can only buy it instantly for all other coins.
No Developed Markets
While experienced traders might not enjoy the lack of complex markets, CoinSpot is great for crypto newbies. You can see that CoinSpot and Binance lack some marketplaces, including as futures, margin trading, P2P, and the NFT marketplace. If you are a more seasoned trader, Binance is an excellent choice.
Better Coinspot Alternatives
Even though CoinSpot has a number of distinctive and practical features, there is one significant drawback that prohibits me from totally endorsing it: its costs.
Even though there is only a 0.1 percent cost for trading cryptocurrencies, using Instant Buy/Sell orders, advanced trading orders, and CoinSwap trading orders will dramatically lower your investment returns (especially in larger trades where you may lose thousands of Australian dollars in fees alone).
As a result, I advise considering a cryptocurrency exchange like CoinSmart.
I recommend it over CoinSpot for the following additional reasons:
#1 Lowest Prices in the Sector
The lowest trading costs of any cryptocurrency platform in Australia are offered by CoinSmart, which is 0.20 percent. And the savings mount up quickly. For example, if you trade $100,000 worth of Bitcoin in a year (buying and selling $25,000 worth twice), you’ll save $800 in trading costs compared to an exchange charging 1 percent ($200 vs. $1,000).
Spreads, or the difference between the Buy price and the Sell price, are maybe more significant than trading commissions. Due to the extremely low spreads offered by CoinSmart, day trading is possible and more money stays in your wallet.
2nd-Level Bank Security
As long as CoinSmart is in operation, at least 95% of the cryptocurrency belonging to its users is kept offline. As a safety precaution, only the most
2nd-Level Bank Security
As long as CoinSmart is in operation, at least 95% of the cryptocurrency belonging to its users is kept offline. Only the most sophisticated exchanges use this security feature, and CoinSmart is leading the way.
Additionally, CoinSmart is Australia’s first publicly traded cryptocurrency exchange, making it the target of significantly greater financial oversight than any other platform. It is subject to AUSTRAC (the Australian Financial Transactions and Report Analysis Centre) regulation, a TRUST official, and its finances are examined by outside experts at least once annually.
#3 Superior Customer Service
CoinSmart provides round-the-clock customer care via phone, live chat, and email, and its customer service representatives go above and beyond the call of duty to be helpful. They are incredibly attentive via live chat and email as well, and I’ve never had to wait more than about 60 seconds on hold.
The one time I had a problem with CoinSmart, I called them and they fixed it in less than five minutes. Remember that only registered users have access to telephone and live chat assistance, therefore the best method to contact CoinSmart with a query is to create an account.
Further Reading About Coinspot Exchange & Related Topics
How To Buy Ethereum In Australia
How To Mine Cryptonote An Alternative To Ethereum And Bitcoin
How To Mine Cryptonote An Alternative To Ethereum And Bitcoin
Threw Away 10000 Worth Litecoin
How To Setup A Dinerocoin Masternode
Further Paths & Next Steps With Coinspot & Beyond For Passive Monthly Recurring Income With Crypto Coins
1.
Open An Account at CoinSmart – My First Choice!
2.
Open An Account at Binance Australia – My Second Choice!
3.
Open An Account at Coinspot – My third Choice!
4.
Open An Account at Gate.io if you want to trade Safemoon
5.
6.
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7.
More suggestions to come! I’m in the process of testing out some other programs right now and will let you know my results soon!
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Scribie Reviews (Scribie Job Review) – Is Scribie Legitimate?
The Complete Scribie Reviews Guide (Scribie Job Review) And Is Scribie Legitimate?
Introduction: What Is Scribie Transcription Service?
Scribie is a transcription company that proudly describes its edge as the following: “It takes around 8 hours to transcribe a 1 hour file by hand as per industry standards. We plan to cut it down to 10 minutes. The team is made up of Co-Founder and Chief Executive Officer Sanjiv Jha, Co-Founder and Chief Product Officer Rahul Singh Kushwaha, and Founder and President Rajiv Poddar.
Scribie offers a range of services including audio transcription, video transcription, verbatim reporting, medical documentation review as well as other types of documentation review services.
Scribie is a transcription service that helps transcribe audio into text. It’s a web-based application that provides the transcription of audio in just one click.
It’s an affordable and easy to use transcription service that can be used by anyone, regardless of their skillset or location.
Scribie provides accurate, affordable, and fast transcriptions for audio or video files.
Scribie offers transcription services for a variety of industries such as law firms, doctors, therapists, and more.
They also have an app that transcribers can use on a mobile device to transcribe on the go.
What Is A Scribie Transcription Job
A Scribie transcription job is a job in which an individual transcribes audio into written form. Transcription jobs are often employed by companies that need to have large amounts of video or audio data transcribed.
The transcriber will listen to the audio and write down what they hear, either in a word-for-word manner or with a more summarized form of transcription.
The individual may be transcribing audio at the same time they are listening to it. This job is called “real-time” transcription, sometimes “on-the-fly”. Other times, an individual will listen to audio only after it is done being recorded.
This is sometimes called “off-line” transcription. The most frequently used word-for-word method of transcription is to record a series of sentences containing all the words that are said and then write it down without any changes.
The “words” will not always be for every word in the sentence, but for the main words being spoken. The words are separated by punctuation, such as a comma or semicolon.
The job is to transcribe audio into written form. They are often employed by companies that need to have large amounts of video or audio data transcribed.
The individual will listen to the audio and write down what they hear, either in a word-for-word manner or with a more summarized approach.
What are the Pros & Cons Of Being a Scribie Transcriptionist?
Pros
Free to sign up.
It is not difficult to pass the test.
Before choosing a file to transcrib before, you can preview it.
a wide selection of files enhances earning potential.
The majority of the time, files are accessible.
If you don’t pass, you can try again.
getting elevated to greater positions.
Your earnings are always available for withdrawal.
Work remotely from any location.
Cons
You must have an average grade of at least 2.5 to continue being able to select files.
Pay is not much.
only accepts Paypal as a form of payment.
Withdrawals of less than $30 incur a 2 percent charge.
If you type slowly, you won’t be able to earn that much money.
No matter how long you spend transcribing the file, if your work isn’t exact enough, it won’t be accepted and you won’t be paid for it.
Due of the audio quality in some recordings, transcription might be somewhat challenging.
How to Sign Up for Scribie Transcription Service As A Transcriptionist
Scribie Transcription Service has an online portal where you can sign up as a new transcriptionist.
All you need to do is sign up on Scribie, upload your CV and wait for opportunities to come. We recommend that you start with simple tasks like transcribing audio files or video files so that you can get used to the system.
You need to complete the registration form and provide your personal details such as name, email address, and phone number.
You also need to provide your work experience in the field of transcription. You will be required to have one year of experience in order to be eligible for this job.
Once you have filled out the registration form, the company will send you an email with additional instructions on how to proceed.
When applying for a job at Scribie Transcription Service, you will need to provide your experience in either transcription or work experience related to transcribing documents.
You will also need to upload scanned copies of your resume and cover letter. For transcription, you will need to send your work experience and resume by email.
If you don’t have a scanner and want to submit your documents in person, the company has two locations where you can do so. In order to upload your resume or cover letter, the company requires that they be submitted in PDF format.
The company will also require that any certificates or transcripts you have show that you are qualified to do transcription work and have experience in doing the job.
How Do I Get Started With Scribie Transcription Service As A Transcriptionist?
You must pass the certification process and submit and pass the test file in order to become a certified Scribie transcriber.
The main competency we require is the capacity to edit both manual and automatic transcripts. If you are simply interested in typing work, Scribie won’t be a good fit.
You can choose from any available files once you sign up to be a Scribie transcriber.
You might be curious about the kinds of audio files that Scribie will allow you to transcribe.
To put things in perspective, Scribie transcriptionists work on a variety of audio files, including interviews, business meetings, and court proceedings. Since we are not yet HIPAA compliant, we do not offer medical transcribing.
You can even try transcribing audio files without looking at the video file if you want to get used to the process of transcribing without watching the video.
Eventually, you’ll be able to transcribe a video file without seeing it.
To transcribe audio, you can download the file or stream it directly from Scribie’s system.
If the audio has a time stamp, Scribie automatically knows when to pick up where you left off in case the person who sent you the audio is unavailable.
Once transcribed, a transcriptionist can modify and edit their work as needed and upload it back to the system.
What Is Transcribie?
Transcribie is a service that transcribes audio files for transcriptionists to work on. Transcribie has partnered with Scribie which is a service similar to transcriptionist where the transcriptionists can work with jobs posted by clients.
Transcribie is based out of New York and has many opportunities available to transcribe audio files and to transcribe audio for clients.
Step by Step How To Pass The Scribie Transcriptionist Test
1. Click to sign up as a transcriber with Scribie.
2. Enter your information. Choose “Transcriber” for the account type.
3. Log in to your verified Paypal account.
4. Scribie will send you a confirmation via email. It takes around one day for the system to decide if you are rejected or accepted to get started with their transcription test.
5. Read the transcription guidelines (a set of rules to follow). Scribie provides some audio files to practice skills before passing the test.
6. If you pass the test, Scribie rewards you with $0.5. You will be certified as a transcriber once you passed the test. You can then log in to your account anytime and select the files you choose to work on.
P.S: You got two hours to submit your audio file which can even be extended to three hours.
How To Use Scribie As A Transcriptionist?
1. Sign in with your email address and password. Please note that if you already have an account, you must select “New” at the top of the screen to create a new account.
2. Type your required text into the Transcriptionist editor
You can now type your text in the editor.
You can also use the controls at the top of the screen to change font size, colour and layout style.
3. Publish your transcription
Once you have finished typing, you can publish your transcription as either a video or as text on a webpage by clicking on “Publish” or “Save file.”
How to Use the Scribie App
Scribie offers a mobile app you can use on your device to transcribe on the go.
The app is designed to help transcribers be more productive. It allows you to record your voice, and then transcribe it into text.
It also has some other features that make it an attractive option for transcriptionists:
– You can upload files from your computer or Dropbox account to Scribie
– You can import your own transcriptions and edit them in Scribie
– You can export transcripts as Microsoft Word documents, PDFs, or HTML pages The app is pretty basic and the interface could be a little cleaner, but overall it’s a nice option for those who are looking for an easy way to do transcription
Pros
– Easy to record your voice and transcribe it into text quickly
– You can upload files from your computer or Dropbox account
– You can import your own transcriptions and edit them in Scribie
– You can export transcripts as Microsoft Word documents, PDFs, or HTML pages
Cons
– Interface could be cleaner
– Can’t do much with the app without paying for a premium subscription with limited features
– Very basic and not much to offer without paying for a subscription
– Some errors in transcripts
– No backup or syncing capabilities
Scribie How To User Guide
You will find the Scribie User Guide by clicking here!
This guide will show you everything you need to know in order to get started as a transcriptionist with Scribie and how to use the Scribie platform as a transcriptionist.
It covers the following topics:
Introduction
Overview
Requirements
Verified PayPal
Transcription Process
Payments
Automated Transcript
Certification Process
Grades & Promotions
Guidelines
Sample
FAQ
Terms & Conditions
Are There Other Tools or Websites That Can Compete with Scribie Transcription?
There are many other tools and websites that can compete with Scribie transcription. One of the most popular is Rev.com.
It has been around for a while and it is used by many people in the world, including journalists, bloggers, and copywriters.
Rev.com is a transcription service that allows you to upload audio files in order to get them transcribed into text files.
The service also offers editing services for the transcriptions so that you can correct any errors or add any comments if needed before publishing it online or sending it to your clients as a document file (.docx).
Another popular tool is TranscribeMe. This application allows you to upload an audio file and get it transcribed into text within minutes.
Check out my review on TranscribeMe here!
Working For Scribie – My Own Experience
Since I started working with Scribie in December 2015, I have come to believe that it is an excellent place for new transcriptionists to learn the ropes and launch their careers. Transcribers can always access files, especially during the workweek.
Select a file, translate it, and then turn it in. The time it takes to review that file is about one business day. The reviews range from terrible to great; if your transcription was inaccurate, your work will be rejected, you won’t be compensated, and it will have an impact on your final grade.
Additionally, if you put in at least three hours per month of work, your account will receive a $5 bonus. You can take your money out whenever you want, but there is a 2 percent fee.
Because I was merely interested in the legitimacy of it and whether it was real that you could make money working for these firms or not, I didn’t take working for Scribie seriously.
I can vouch for the fact that making money on Scribie is both possible and incredibly simple after working a few hours a week in my spare time. Even better than I had anticipated, I was elevated to reviewer.
Despite the fact that I only worked on 15 files, four of which were rejected (LOL), I’m still proud of myself.
How Much Money Did I Make With Scribie?
My goal was only to make a few bucks here and there when I started and I did not take this as a serious career goal at all. I didn’t make much money at first.
In summary, I made $12.97 from transcription and reviews on my first day of transcribing.
Given that I am bi-lingual and English is not my first language, I found it to be relatively simple to earn money on Scribie in just one day.
If you give it serious consideration, you will probably be able to earn more than I did if you take it more seriously.
Now, I’m not claiming that this job will cover your bills, your tuition, or anything else, but it is a simple side job that you may explore for some additional cash, and it’s a good place to start to get the hang of things and how things work online. In the end all of this experience will help you with determining your long term career goals.
Verdict: Is Scribie Legit?
There are many transcription services available online, but Scribie is one of the few that offer professional transcriptions for those who find it difficult to do so. In this sense, Scribie does not seem like a scam.
Whether you want to undertake transcribing job is essentially the deciding factor in whether you should work for Scribie.
Despite the negative evaluations, I believe you have nothing to lose by giving Scribie a shot. You’ll probably learn something new and develop new perspectives.
Additionally, it’s a chance for you to see if this type of employment is right for you if you haven’t tried it before.
Of course, another advantage of Scribie is that it is legitimate, which is difficult to discover in today’s world where everything seems to be a fraud.
However, it’s always a good idea to diversify and use a variety of possibilities when working as a freelancer.
That can entail registering with more transcription firms or finding a completely different way to make money.
You can be a home-based single parent or a student. You can experience health issues that make going to work difficult.
Or perhaps you’re among the 80–90% of those who are dissatisfied and unhappy in their jobs.
If so, starting an online business is what you should do.
Despite this, you must know where to start and how to do so in order to avoid falling victim to any of the many frauds and schemes that are out there.
I may draw the conclusion that Scribie is unquestionably a respectable transcription company that employs novices and experts globally to work from home and make some money and it is certainly a very good solution for people who need some money quickly.
I suggest that before taking the test, practice a little after signing up and reading their transcription rules.
You can try it out and get some quick money in quickly even though the income isn’t too great, but you can work at various transcription services at the same time to double or triple your income.
Final Thoughts
As you begin, keep in mind that starting small is appropriate. I initially worked as a subcontractor for a few large transcribing companies, and I was initially ecstatic to make over $200 a month. As I became quicker and more adept at working from home transcription jobs, I was able to raise my income.
After a few months, I came to the conclusion that my abilities were more valued, and I started looking for my own clients to increase my revenue. I had five to seven clients and was quite busy; I was no longer working for any of the transcription companies that had paid me less when I initially started doing transcriptions online.
That’s precisely why I started doing transcribing in the first place; I was searching for a side business I could be enthusiastic about, support my family with, and yet make a reasonable monthly income from.
Because I wanted to establish my business the right way and with a longer-term view, I resigned the entire gig, including my own freelance transcription firm.
Why not start your internet business off on the proper foot as you will unavoidably devote time, money, and effort into it?
Avoid employing easy fixes or short-term, temporary side hustle fixes if you’re going to accomplish it correctly.
Don’t skimp on the operational aspects of your web business simply because you think it will cost you more money up front or because you think it would be a scary concept since it seems complicated and out of your league.
Contrary to what these “Easy Side Hustle” type chances may say, you cannot make money with the press of a button, therefore stay away from the “easy button” strategy.
Therefore, offering transcribing services or starting your own independent transcription company simply works, and you may rapidly make $100 or even more each day doing it.
The answer is that you can use this Simple Button Solution, but if a better, more efficient option is available, you should.
The answer is that you can choose this Easy Button Solution, but if a better option is available, why wouldn’t you choose a more robust, tried-and-true, long-term solution that has a 100% success rate and has been utilized for years by the experts who have been building successful online businesses?
You would, without a doubt, as success leaves clues. Therefore, I strongly suggest you to stick with the tried-and-true method and never click the Easy Side Hustle Button if your goal is to establish a legitimate online business that produces regular monthly earnings.
If you are looking for a sustainable long-term profit producing online business, make sure to partner with someone who has regularly built profitable online enterprises. An easy side hustle solution may initially work and you may make a few dollars here and there.
Check out my solution to earn passive long term recurring monthly income click here!
Can You Make Money With Scribie? Here Are Your Paths To Go
EASY & QUICK MONEY FIX SOLUTION
Get Started With Transcribe Anywhere Today – Easy Side Hustle Solution that can make you quick money if you need it fast. You can always go with this first and earn some quick bucks and then go with option 2 later and then go for option 3 (tested and proven long terms passive monthly recurring income solution but takes a bit more effort on your part and this is why I started with option 1 first)
MAKE EVEN MORE MONEY AS A FREELANCER
Learn how to be a freelancer and start your own independent Transcription Business online. This will make you very good money to support your family, but think about long term option 3 below so that you don’t stay stuck in transcription services forever because you can not scale from there other than becoming your own big transcription company and recruiting other transcribers.
If this is your thing go for it, but it is way too much work for the kind of money you will make in the end. Trust me because I have friends who do this and the whole company is dependent on them. They don’t go on vacation with their family. Your money is dependent on your work load and this is not a passive income path. If you don’t do the work you are out of money quickly.
Consider option 3 for retirement type of money that you can generate passively without actually having to do the tedious transcription work every single minute of your day in order to produce money.
Check out option 3 once you are satisfied with what you’ve earned with transcription to have enough money to support your new passive monthly recurring income system business that you will be building together with an expert in a done for you solution.
You have enough experience by now to transform into a long term serious online business that is making passive monthly recurring income that will change your life and lifestyle forever!
This is what the true Internet Lifestyle should look like because once you succeed with this type of online business you can truly call yourself Financially Independent!
YOUR LONG TERM PASSIVE RECURRING MONTHLY INCOME GENERATION ONLINE BUSINESS
If you want to build your online business the right way together with an expert who has done it successfully over and over again, click here to check out how you can partner with someone who knows what they are doing!
This solution requires a very low cost investment (I am talking Starbucks type of low investment:)). In my opinion this is the very best way to get started ASAP to make money online.
This option will save you so much effort, time, stress and trouble which will offset your tiny little investment in spades. It is a laughable comparison of how much you will gain from this solution as opposed to the ridiculous tiny monetary amount that you will have to spend on it.
Check it out right here! Thank me later:)
Further Action Steps & Paths To Go From Here
Further Reading About Transcribe Anywhere & Alternative Transcription Jobs & Opportunities
Things You Need To Know On How To Earn Money With TranscribeMe: Are Transcribeme Jobs Legit?
Transcribeme Payment, Transcribeme Demo & How I Made 20 In 1 Hour
Transcribeme Vs Transcribe Anywhere (Legitimate Transcription Companies for Beginners PDF Inside)
Transcribeme Review – Transcribeme Scam Or Legit? (Transcribeme Exposed!)
Transcribe Anywhere Reviews? Is This Course Legit Or Scam?
Can You Make Money With a Free Wix Site With Affiliate Marketing?
Can You Make Money With A Free Wix Site With Affiliate Marketing?
Can you utilize affiliate marketing to earn $100 per day using a free service like Wix?
The answer is a resounding Yes!
Wix is great if you are not wanting to pay for web hosting.
We’ll discuss how you can launch a digital marketing campaign on a tight budget with Wix and make money.
There are numerous websites that offer free web hosting, including Wix, Weebly, Blogger, Squarespace, and WordPress.com. Then there are possibilities for self-hosting, such as WordPress.org.
What’s the distinction?
In order to succeed as affiliate marketers, we must be able to act on our desires at any time. We want to be able to make changes when we get hundreds or thousands of visitors per day to our site in order to generate revenue.
It’s that simple: If you don’t have complete control over your websites and blogs, you’re throwing away a lot of money.
I used to have an affiliate link when I ran a website regarding food costs. I was bringing in tens of thousands of visitors each day and earning some money.
Then I had the idea that consumers might type their zip code into a box to locate affordable food prices nearby.
I increased my daily income from $50 to $700 as a result of adding a zip code box. Same traffic, everything, overnight. A small zip code field was the only thing that altered everything.
In the following we will be discussing all these monetization options that you can use with Free website builders like Wix and its alternatives like Weebly, Squarespace, Blogger, WordPress, and WordPress.org.
I’ll show you what they are, how they compare to Wix, why to use them, and what is available to you in order to make money quick if you are on a budget.
What Is Wix?
Wix is a website builder that allows you to create your own website without any coding knowledge. It has features, templates, and an easy-to-use interface that makes it easy for anyone to build their own site.
What Are Wix Alternatives?
There are many alternatives to Wix, some of them are free and others have a monthly fee. The most popular ones are Blogger, Weebly, WordPress, WordPress.org, and Squarespace.
Finding a website builder is a daunting task. There are many different options with different features, functions, and prices. Wix is one of the more popular website builders but there are many other options to choose from.
What Is Blogger?
Blogger.com is a free blogging platform that allows you to create and publish your own blog. It is a great tool for those who want to share their thoughts, ideas, and opinions with the world. It has been around since 1999 and it was one of the first blogging platforms on the internet.
It was originally created by Pyra Labs, which was later acquired by Google in 2003.
The interface is basic and easy to use, which makes it a great platform for those who are new to blogging. It only requires you to create a username, password, date of birth and zip code in order to sign up for a free account.
There are also many pre-made themes that allow you to quickly create a blog with the colors of your choice.
The name and tagline are intentionally vague, in order to gain more exposure and generate more search engine results.
The blog is largely intended for personal use and is not meant to be a professional blog for someone’s career or business.
There are some ads on the site, but they are “small” in nature so if you are not planning to run a long term online business with serious branding you can get away with it.
Wix Vs Blogger?
Wix is a website builder that allows you to create a website without any coding knowledge. Blogger is a free blogging platform from Google.
Wix is more user-friendly and has more features than Blogger.
It also has an app for mobile devices, which makes it easier to manage your site on the go.
Blogger, on the other hand, is simpler and easier to use than Wix. It also offers more customization options for your site design and layout.
Wix offers a Drag and Drop Builder and create your website in minutes.
Wix offers a huge assortment of themes and you can easily share your work with friends, family, and community members.
Blogger on the other hand offers an easy to use interface and it is free to publish.
It offers the ability to design your own blog layout and customize your look with built in analytics to track website traffic and engagement.
It offers option to add a Shopify or Amazon storefront as well as advanced integrations with Google Drive, Dropbox, and more.
It provides advertising options to make money from your website.
What Is Weebly?
Weebly is a website builder that allows you to create a website without any coding knowledge.
It has drag and drop features, which allow you to easily customize your site with no technical skills required.
This web app was designed to help make it as easy as possible to create your own blog posts.
It has drag and drop features, which allow you to easily customize the layout of your post.
You can also add images, videos and links effortlessly.
Wix Vs Weebly?
Wix and Weebly are two of the most popular website builders in the world. They both offer a wide range of features and tools to help you create your own website.
But which one is better?
Weebly is a more traditional website builder, with a drag-and-drop interface that makes it easy to build your site without any coding knowledge.
Wix, on the other hand, offers more advanced features like eCommerce and social media integration. It also has an app store with over 500 apps that can be used to customize your site even further.
In terms of pricing, Weebly is cheaper than Wix – but it doesn’t offer as many features as Wix does so if you’re looking for a simple way to create your own website this is the way to go.
But if you’re looking for more advanced features, Wix is the better option.
Which one is better?
Wix is a more advanced website builder, but Weebly is the easier to use website builder App Store.
Wix has an app store with over 500 apps available Drag & Drop Interface.
Wix allows for easy page building without any coding knowledge. More features are offered in Wix than Weebly such as eCommerce options.
What Is Squarespace?
Squarespace is a website building platform that allows users to create their own websites. It is a great tool for those who are not tech-savvy and want to create their own website without any coding knowledge.
The best thing about Squarespace is that it has templates for all kinds of websites, from blogs to e-commerce stores.
It also has a drag and drop editor which makes it easy for users to customize the design of their website.
The website layout is simple, clean and easy to navigate.
The website builder has a variety of different templates to choose from, including templates for different websites such as blogs or e-commerce stores, wedding planners, and other business types.
It also has a drag and drop editor which makes editing the website’s design easy.
Squarespace has a huge range of templates to choose from. It allows users to create a website in minutes, with no coding knowledge necessary.
The drag-and-drop editor makes it easy for users to customize their website.
Wix Vs Squarespace?
Wix is a website builder that offers a wide range of templates and tools to create a website. It has been around for over 10 years and has over 100 million users.
Squarespace is an online platform that allows you to create your own website with their drag-and-drop interface.
Wix is more affordable than Squarespace, but it doesn’t offer as many features as Squarespace does. Wix also doesn’t have the same level of customer service as Squarespace does, which can be frustrating for some people who are not tech savvy.
Squarespace offers more features than Wix, but it’s also more expensive than Wix. It also has better customer service than Wix, which can be helpful for those who are not tech savvy or don ‘t know how to use a website builder.
Squarespace is better for those who want more features than Wix, but don’t want to spend more money. Wix is better for those who want an inexpensive website builder and offers more features than Squarespace.
Wix is an inexpensive website builder that offers more features than Squarespace.
It also has a lot of customer service options, which is helpful for those who might not know how to use a website builder.
Squarespace offers more features than Wix, but it’s also more expensive than Wix.
It also has better customer service than Wix which can be helpful for those who are not tech savvy or don ‘t know how to use a website builder.
Squarespace is better for those who want more features than Wix, but don’t want to spend more money.
Wix is better for those who want an inexpensive website builder and offers more features than Squarespace.
What Is WordPress?
WordPress.com is a free blog publishing platform that is owned by Automattic, a company founded by Matt Mullenweg and Mike Little.
WordPress.com offers many features for bloggers including the ability to create blogs, upload photos, publish articles, and more.
WordPress.com also offers premium plans and a self-hosted blogging service.
See Also: Wikipedia:WordPress .com
Wix Vs WordPress
WordPress is a free and open source content management system (CMS) that powers millions of websites. It is the most popular CMS in the world with over 60 million active installs.
Wix is great for people who want to create their own website without any coding knowledge or design skills.
WordPress is better for people who want to have more control over their site’s design and functionality.
Wix is a website builder that allows you to create a website without any development skills.
It features drag and drop features, templates, and an easy-to-use interface.WordPress is a free and open source content management system (CMS) that powers millions of websites.
It is the most popular CMS in the world with over 60 million active installs .
Wix is great for people who want to create their own website without any coding knowledge or design skills.
WordPress is better for people who want to have more control over their site’s design and functionality.
Wix features drag and drop features, templates, and an easy-to-use interface. WordPress is a free and open source content management system.
What Is WordPress.org?
WordPress.org is a free and open-source content management system (CMS) based on PHP and MySQL.
It is used as a blogging platform, a website builder, an application framework, and a development platform.
WordPress was originally designed for blogging but has since evolved into a full content management system (CMS).
WordPress is now used by over 31% of the web to power their websites.
The WordPress CMS has been translated into more than 60 languages with over 100 million downloads per year.
WordPress.org provides a free and open-source platform for managing websites, based on PHP and MySQL.
The software is released under the GNU General Public License (GPL) version 2 or later. WordPress was originally designed for blogging but has since evolved into a full content management system (CMS).
WordPress is a content management system which uses the WordPress publishing platform and an open-source publishing database named “PostgreSQL” to run the blog software that runs on websites powered by WordPress.
The project’s main developer, Matt Mullenweg, has said that WordPress was designed to provide a publishing platform for people who did not know how to publish their own content.
The software powering the web site is accessible at wordpress.com, and users can sign-up to create their own WordPress blog using a self-hosted WordPress installation or by using any of the supported web hosting services (e.g.,Bluehost). Check out my detailed instructions on how to quickly & easily build a hub page/site/blog via Bluehost here!
WordPress is free and open source software under an MIT License and powers over 27% of the web.
Why is the WordPress Project Important?
It is the most popular blogging platform in use worldwide, with an estimated 76 million blogs powered by it, according to NetCraft on November 18, 2015.
The software powering the web site is accessible at wordpress.com and users can sign-up to create their own blog or make modifications to the site.
Who Created WordPress?
WordPress is a free, open-source content management system (CMS) and blogging platform powered by PHP and MySQL, created in 2003 by Matt Mullenweg and Mike Little.
Wix Vs WordPress.org
The key is customization. You are free to do whatever you want with a fully hosted website like WordPress.org (within legal reason).
You can have a self-hosted WordPress.org site for less than 25 cents per day. Instead of paying $15 for a domain name, you receive one for free.
A shared hosting package allows you to host an unlimited number of websites or blogs. Additionally, installation is simple. Once you have hosting, installing WordPress only takes a few clicks.
Go to my blogpost “Web Hosting Tutorial Pdf For Bluehost” here to get your hosting if that’s what you want to do.
Now keep in mind that this is not WordPress.com. You cannot have your own free domain name or install your own plugins or tools on that platform.
You get everything with WordPress.org. You are able to install any plugins you choose and host your own files.
Why is that crucial?
You can tailor and customize your own wordpress site. You can use plugins, themes, and layouts that help you optimize your site for monetization.
You can utilize strategies that transform visitors into subscribers and encourages them to download your offers.
These themes and plugins can be added to your WordPress.org website.
You will unavoidably spend money on your online business. If you’re going to do it, do it correctly. If you’re going to save money go do it somewhere else, but don’t skimp on the operational aspects of your business.
So, is it possible to earn $100 a day with affiliate marketing using a free service like Wix?
Yes, it is, but as you can see there are better options out there in order for you to even make more money.
Conclusion
So, is it possible to earn $100 a day with affiliate marketing using a free service like Wix?
Yes, it is, but as you can see there is one Better and may I add Free option out there in order for you to even make more money from.
As you can see WordPress.org is the best Free option of all the Wix alternative website builders and platforms out there.
WordPress.org lets you customize and brand your own site. I explain how important these concepts really are if you want to make serious money online and you can check out my blog post that talks about it righ here.
You will unavoidably spend effort, time and money on your business.
If you’re going to do it, do it the right way and don’t fall for the easy solutions.
Don’t skimp on your operational aspects of your online business just because you think it might cost you some additional cost, sweat equity, or more time to learn.
Don’t fall for the easy button solution because making money with the push of a button like these “Easy Site Builders” might promise does not exist.
So, is it possible to earn a quick $100 a day with affiliate marketing using an easy to use free service like Wix?
Yes, you can choose the Easy Button Solution, is the answer.
However, if there is a better more productive and more effective way to make $1,000 each day, why would you not want to opt for a more robust, tested and proven, long term solution that works with a 100% success rate and that has been used for years by the experts who have been building success online businesses for years?
Of course you would without a shadow of a doubt because success leaves clues. So I urge you to stick to the method that works and that is never pick the Easy Button if your goal is to build a real online business that makes recurring monthly profits.
An easy solution might work in the beginning and you might make a few bucks here and there, but if you are looking for a consistent long term profit producing online business, make sure to partner with someone who has built successful online businesses over and over again.
Can You Make Money With a Free Wix Site With Affiliate Marketing? Here Are Your 2 Paths To Go
1. DIY (Do It Yourself, Free)
If you want to build your online business alone, I recommend you opt for the wordpress.org solution and you can learn all about it for Free right here. Just click this link here and get all the instructions to get started with your own blog or website today. This solution is a done for yourself solution and it is totally Free. It is great for people who have time and want to build a successful long term online business. Visit https:/internetmoneykings.com/web-hosting-tutorial-pdf-for-bluehost to create your hub site for Free right now.
2. Outsourced Service (Low Cost)
Have someone set it all up for you (low cost, zero time requirement on your part) This is the best solution if you are overwhelmed by all the tech talk.
3. Partner with an Expert (Low Cost, Done for You)
Partner with someone who has built successful online sites, frameworks, and businesses over and over again and knows what the are doing. Everything is set up for you. This is the perfect plan for a beginner who has a low budget and needs to get started today with an expert that is setting up everything for you. In my opinion this is the best solution if you are new or experienced and are looking for a quick start up solution.
4. Ultra Quick Magical Start Up Solution (Mid to Higher Cost, All Done for You)
Use a site set up service and get a site just like this one completely set up for you + weekly life training calls that exclusively answer every single question you might have and help you out with all the techy stuff.
Everything is set up for you from the domain name, hosting, content creation and monetization part of your business. If you are interested in this option, please send me an email to: support@internetmoneykings.com and let me know so that I can set you up with this solution + bonuses.
Transcribeme Payment, Transcribeme Demo & How I Made 20 In 1 Hour
Things You Need To Know On How To Earn Money With TranscribeMe: Are Transcribeme Jobs Legit?
Get Started Today With Transcribing Simple Little Audios into Text and Make $20/hour just like I have been doing since 2018…
Join the TranscribeMe professional crowd and start working on projects and making money and get paid $20/hour working from home today!
Transcribeme Payment, Transcribeme Demo & How I Made 20 In 1 Hour
I’m going to show you exactly how I made 20 dollars in one hour of work on TranscribeMe.
I opened my TranscribeMe account in 2017, but I only used it later in the end of 2018 to increase my monthly earnings and make some extra money for holiday shopping. When I tried it out my account was already a year old.
I even forgot all about my TranscribeMe account for a while until 2018 when I decide to do some transcription work for them to earn some Sidehustle money to spend on gifts.
Since then I have been able to steadily increase my monthly earnings month by month in exchange for a couple of hours of transcription work. I now use the money and reinvest it in my crypto strategy which is smart because like this I do not invest money that I can not afford to lose.
What I love about TranscribeMe is the fact that the audio you transcribe in the TranscribeMe account is already broken down into 8 to 10 second segments which makes the job so much easier and quicker.
TranscribeMe also changed their payout rate and it is now $20 per audio hour.
It is very easy to make some extra cash with TranscribeMe.
The payout threshold is at $10 which keeps me motivated because each time I reach $10 I can be paid out.
The only problem I’ve been facing so far is that one has to know when transcription work is available because they have a lot of work, but once it is available for transcriptionists the work gets done very quickly.
The sign up process is very easy and there is a transcription test that they let you redo around 3 times in case you failed the first two ones.
The test results show to them if you can follow easy instructions or not.
Below I will break down my whole strategy and show you step by step how I am making $20 per hour.
Step by Step How To Get Started With TranscribeMe
The TranscribeMe Program is a transcription service that offers three different plans to suit your needs.
TranscribeMe Basic plan: The Basic plan is perfect for those who need to transcribe audio recordings of up to 2 hours in length. The only requirement is that the audio recording be in English.
TranscribeMe Standard plan: With the Standard plan, you can transcribe up to 10 hours of audio recordings with a duration of up to 2 hours per file. All files must be in English, and you will have access to all features on TranscribeMe’s website.
TranscribeMe Premium Plan: The Premium Plan provides unlimited transcription time and all features on the website for $59 per month or $499 per year.
TranscribeMe Basic Plan:The basic plan is perfect for those who need to transcribe audio recordings of up to 2 hours in length. Transcription in English is required.
TranscribeMe Standard Plan: With the plan, you can transcribe up to 10 hours of audio recordings with a duration of up to 2 hours per file.
The only requirement is that the audio recording be in English.
TranscribeMe will provide access to all features on TranscribeMes website.
Transcribing a tape recording:
A transcription of a tape recording would start with what was spoken before the recording began, then continue with the material recorded on the tape until the end.
The transcription would then include what was spoken after the tape reached its conclusion. In some cases, it’s appropriate to transcribe the entire recording in a single document, with a special section for each time interval (say, speech before the recording begins, speech during the first segment of the recording, and speaking after).
It is not necessary to include everything that was said during the recording.
I would transcribe the entire tape recording with a special section of the transcript for each speech.
In some cases, it’s appropriate to transcribe the entire recording in a single document, with a special section for each time interval (say, speech before the recording begins, speech during the first segment of the recording, and speaking after).
Final Thoughts
Remember that starting small is acceptable as you get started. I started out as a subcontractor for a few major transcribing firms, and at first, I was overjoyed to make about $200+ a month. I was able to increase my income as I became faster and more proficient at working from home transcription gigs.
After a few months, I realized that my skills were more valuable and I began hunting for my own clients so I could bill more. I was quite busy with five to seven clients, and was no longer employed by any of the transcription services that paid out less when I first got started with transcriptions online.
That’s exactly why I got into transcription in the first place because I was looking for a side hustle that I was passionate enough to do and support my family at the same time while earning a respectable monthly income.
I quit the whole gig and even my own independent transcription business altogether because I wanted to build my business the right way thinking about my business more in a long term perspective.
You will unavoidably invest time, money, and effort into your online business so why not do it right from the get go?
If you’re going to do it, do it correctly and avoid using simple fixes or short term quick side hustle fixes.
Don’t cut corners on your web business’ operational components just because you fear it would cost you extra money to invest in the beginning or it might be a scary idea because you think it might be complicated and go over your head.
Avoid using the “easy button” approach because it is impossible to make money with the click of a button, despite what these “Easy Side Hustle” type of opportunities may claim.
So, doing transcription services or becoming your own independent transcription business simply works and it is possible to quickly earn $100 per day and even more with it.
The answer is that you can select this Easy Button Solution, however, if a more effective alternative exists, but if there is a better, more efficient, and more effective way to earn $1,000 a day, why wouldn’t you choose a more durable, tried, and true, long-term solution that has a 100% success rate and has been used for years by the experts who have been creating successful internet businesses?
You would without a doubt, of course, because success leaves hints. So if your objective is to create a genuine online business that generates recurring monthly earnings, I strongly advise you to continue with the tried-and-true approach and never click the Easy Side Hustle Button.
An easy side hustle solution might initially work and you might make a few dollars here and there, but if you are searching for a steady long-term profit producing online business, make sure to associate with someone who has repeatedly developed successful online businesses.
Can You Make Money With Transcribeme? Here Are Your Paths To Go
EASY & QUICK MONEY FIX SOLUTION
Get Started With Transcribe Anywhere Today – Easy Side Hustle Solution that can make you quick money if you need it fast. You can always go with this first and earn some quick bucks and then go with option 2 later and then go for option 3 (tested and proven long terms passive monthly recurring income solution but takes a bit more effort on your part and this is why I started with option 1 first)
MAKE EVEN MORE MONEY AS A FREELANCER
Learn how to be a freelancer and start your own independent Transcription Business online. This will make you very good money to support your family, but think about long term option 3 below so that you don’t stay stuck in transcription services forever because you can not scale from there other than becoming your own big transcription company and recruiting other transcribers.
If this is your thing go for it, but it is way too much work for the kind of money you will make in the end. Trust me because I have friends who do this and the whole company is dependent on them. They don’t go on vacation with their family. Your money is dependent on your work load and this is not a passive income path. If you don’t do the work you are out of money quickly.
Consider option 3 below for retirement type of money that you can generate passively without actually having to do the tedious transcription work every single minute of your day in order to produce money.
Check out option 3 once you are satisfied with what you’ve earned with transcription to have enough money to support your new passive monthly recurring income system business that you will be building together with an expert in a done for you solution.
You have enough experience by now to transform into a long term serious online business that is making passive monthly recurring income that will change your life and lifestyle forever!
This is what the true Internet Lifestyle should look like because once you succeed with this type of online business you can truly call yourself Financially Independent!
YOUR LONG TERM PASSIVE RECURRING MONTHLY INCOME GENERATION ONLINE BUSINESS
If you want to build your online business the right way together with an expert who has done it successfully over and over again, click here to check out how you can partner with someone who knows what they are doing!
This solution requires a very low cost investment (I am talking Starbucks type of low investment:)). In my opinion this is the very best way to get started ASAP to make money online.
This option will save you so much effort, time, stress and trouble which will offset your tiny little investment in spades. It is a laughable comparison of how much you will gain from this solution as opposed to the ridiculous tiny monetary amount that you will have to spend on it.
Check it out right here! Thank me later:)
Further Reading About TranscribeMe & Other Transcription Services
Things You Need To Know On How To Earn Money With TranscribeMe: Are Transcribeme Jobs Legit?
Transcribe Anywhere Reviews: Is This Course Legit or Scam?
Transcribeme Vs Transcribe Anywhere (Legitimate Transcription Companies for Beginners PDF Inside)
Transcribeme Review – Transcribeme Scam Or Legit? (Transcribeme Exposed!)
Transcribeme Vs Transcribe Anywhere (Legitimate Transcription Companies for Beginners PDF Inside)
Transcribeme Vs Transcribe Anywhere
1. A Breakdown of Transcribeme vs Transcribe Anywhere
Are they the most legitimate online transcription companies that are made easy to learn, quick to learn & low cost? Check out this breakdown to find out.
Transcribeme:
Transcribeme is a speech-to-text software tool that is designed to transcribe audio and video files. It has a number of features that make it stand out from other speech-to-text software tools on the market.
Transcribe anywhere is also a speech-to-text software tool that can transcribe audio and video files. It also has a number of features that make it stand out from other speech to text software tools on the market. It also has a feature called the “Transcribe Anywhere” option that allows you to use your phone or tablet as an audio recorder.
The two most important features are their pricing models and how they work with other programs like Google Docs, Word, or PowerPoint.
Transcribeme is more suitable for people who are looking to transcribe audio and video files while Transcribe Anywhere is better for those who want to use their phone or tablet as an audio recorder.
Sign up for Transcribeme’s free trial here!
Transcribe Anywhere:
Transcribe Anywhere is a Transcribe Anywhere is a transcription service that allows you to transcribe audio files from anywhere in the world. The service is available for both individuals and businesses. It offers a variety of pricing
plans, starting at $0.25 per minute of audio file transcribed.
Transcribe Anywhere is available on the following platforms:
1) Web browser
2) All major mobile devices, including Android and iPhones
3) Google Chrome extension
4) All major SaaS cloud services
5) Amazon Alexa
Transcribe Anywhere is a transcription service that allows you to transcribe audio files from anywhere in the world. The service is available for both individuals and businesses. It offers a variety of pricing plans, starting at $0.25 per minute of audio file transcribed.
Sign up for Transcribe Anywhere’s free trial here!
2. Side by Side Comparison Of Transcribeme Vs Transcribe Anywhere
The following is a side-by-side comparison of the top transcription services available online.
Online transcription services are a great way to get your audio files transcribed in an efficient and accurate manner. They are also very convenient for people who are unable to type their own work and need someone else to do it for them. There are many different online transcription service providers that offer their services at various rates. The following is a side-by-side comparison of the top transcription services available online:
1) Transcribeme:
Transcribeme is a transcription service that uses AI to transcribe audio and video files. It is a cloud-based service that can be accessed from anywhere.
The company was founded in 2016 by two Stanford graduates, who were frustrated with the lack of affordable and accurate transcription services. They wanted to make it easier for people to get their content transcribed without having to pay an arm and a leg for it.
They both had the same problem – they were unable to find a reliable transcription service for their audio files. So they decided to create their own solution for everyone to produce a transcript and share them with colleagues on the same level as an expert would.
The company has been growing steadily since its inception and now has over 100,000 users worldwide.
The company has been able to provide accurate transcripts at an affordable price because they use AI technology. The AI technology is able to identify the speaker, transcribe the audio, and then edit the transcript for grammar mistakes or typos.
The AI technology is also able to recognize the vocabulary of the speaker in order produce an accurate transcript.
Transcribe Me has been able to produce transcripts at a very affordable price because they use AI technology.
The transcription process starts with uploading an audio file. You can then select the language of the transcript, the format of the transcript, and how many hours of audio you want transcribed. The next step is to upload your payment information and then wait for your transcript to be completed.
Transcribem offers its services at $0.04 per word for English documents that have been translated into English from other languages, and $0.06 per word for English documents that have not been translated into English from other languages.
The company is proud of their pricing model because it is affordable for everyone and they make sure that no one gets ripped off.
They believe anything over $10 per hour is too expensive and they will not allow it.
Pricing is not the best in America, but it is one of the most affordable. The company makes sure that no one gets ripped off and they always make sure to keep their prices low.
Transcribeme offers a free trial that allows you to transcribe audio files. It is a great tool for people who are looking for a transcription service that is easy to use and doesn’t cost anything.
Sign up for Transcribeme’s free trial here!
2) Transcribe Anywhere:
Transcribe Anywhere is a transcription service that allows you to transcribe audio files from anywhere in the world. It is a cloud-based transcription service that offers high-quality transcripts at an affordable price.
The company was founded in 2013 by two entrepreneurs, who were frustrated with the lack of quality and affordability of transcription services. They wanted to create a platform where people could get high-quality transcripts at an affordable price.
Transcribe Anywhere has been used by many companies and individuals for various purposes such as:
– Transcription of interviews
– Transcription of podcasts
– Transcription of lectures
– Transcription of meetings
– Transcription of interviews
– Transcription of meetings
– Transcripts for articles, blog posts, and books
– Phone transcriptions (for callers)
– Conferences and webinars
Transcribe Anywhere offers a variety of pricing plans. The company offers a free plan for those who want to transcribe up to 10 minutes of audio per month. For those who need more than 10 minutes, the company offers monthly and annual plans.
The company also has an enterprise plan for companies that need to transcribe more than 100 hours of audio per month.
Transcribe Anywhere offers a free trial. It is an online transcription service that transcribes audio and video files in real time.
The free trial lasts for 7 days and it allows you to transcribe up to 10 minutes of audio or video per day. You can also use the service for free if you are using it for personal purposes.
Sign up for Transcribe Anywhere’s free trial here!
3. A Comprehensive Guide on How Transcription Software Works Beyond Transcription Companies Like Transcribeme or Transcribe Anywhere
There are alternative ways that can help you become more productive without even using expensive online transcription services like Transcribeme or Transcribe Anywhere so you might consider taking a look beyond online transcription services like them once your free trial has ended.
Transcription software has been around for more than two decades now. It was first introduced in the 1980s to help people with disabilities communicate more efficiently. Since then, it has evolved into a powerful tool that can be used
by anyone who needs to transcribe audio or video files and convert them into text format.
You will explore what transcription software is and how it works. We will also look at some of the ways transcription software can be used, as well as its limitations.
Transcription software is a computer program that converts audio or video recordings into text. It is used by journalists, lawyers, and other professionals who need to quickly convert spoken words into written text.
It can also help to convert speech to text. It is used by people who are deaf or hard of hearing, and by people who want to type what they hear on the phone.
Wanna save money with your next transcription?
If so check out this transcription software solution that is perfect if you are on a low budget. It is perfect for beginners, too! If you are advanced this is the perfect one time low cost transcription software investment to add to your toolbox that saves your money so you can focus on higher priority tasks.
There are two types of transcription software:
1) Voice recognition software – this type of transcription software converts
speech to text by using voice recognition technology.
2) Manual transcription – this type of transcription software requires the user
to manually type in the words they hear.
The transcription software can be used in many different ways. For example, it can be used to convert audio files into text files for easier editing and sharing. It can also be used as a dictation tool for transcribing interviews or speeches.
Transcription software is best for transcription because it provides a high-quality transcript that includes breaks and pauses. The software also provides automatic time stamps for every minute and word, which is helpful for proofreading.
Transcription software is good for transcription because it provides a high-quality transcript that includes breaks and pauses. The software also provides automatic time stamps for every minute and word, which is helpful for proofreading.
This software is best suited to transcribing interviews or speeches, but it is not ideal for transcribing school lessons or readings.
Here is a list of the best transcription software options that I have tested in my daily online business with very good results. These are the very best solutions in terms of prize/quality results. All of them are covered with a 30 day money back guarantee so you are covered in case you might want to try out another one listed below.
1.
2.
3.
4. Final Verdict Which One To Choose Transcribeme or Transcribe Anywhere?
Transcribeme is a transcription service that offers a free trial and has a low monthly fee. It also has an easy to use interface and offers transcription in multiple languages.
Transcribe Anywhere is another transcription service that offers a free trial and has a low monthly fee. It also has an easy to use interface and offers transcription in multiple languages.
The final verdict is that both services are good, but Transcribeme might be better for those who want to try out the service before committing to it.
Signing up for both services is easy and takes only a minute and their programs work on both PCs and Macs, with no downloads necessary.
- Sign up for Transcribeme’s free trial here!
- Sign up for Transcribe Anywhere’s free trial here!
5. Action Steps – Free to Low/Mid Cost Solutions Depending on Your Level and Time Requirements
1. Free Trial
This is the best option if you want to do it yourself (DIY) and if you don’t have a lot of time on your hands and if
you are on an advanced level because if you are a beginner you might run into several issues and problems facing the transcription industry and you could make these little mistakes that cost you lots of time and money.
That’s why I created a Free report that talks about a little secret that the transcription experts don’t want you to know about when it comes to the transcribing process. You can access this for Free Report right here!
1. Sign up for a free trial of Transcribeme
2. Sign up for a free trial of Transcribe Anywhere
2. Low Cost Solution
This option is an almost done for you solution. It is the perfect solution if you are busy and have no time to do it yourself. If you are on a beginner or advanced level this is the perfect done for you way to do your transcription especially if time is very valuable to you.
Here are the best proven and tested Fiverr transcribers in terms of price/quality. I have tested out 100 if not 1000s of transcription services online, but this is my rolodex go-to resource list of transcribers.
Whenever I need a quick transcription job done, I use this handy list and order my gig because I know I get back the work very quickly and without any spelling mistakes.
This saves me not only lots of time so I can focus on my main priorities. The time saver aspect overweighs the small affordable cost. The quality is even better than choosing another option.
1. Fiverr Transcriber 1
2.
3.
3. Low to Mid Cost Solution
This option is a Do it yourself solution. I recommend it if you have time to learn it yourself on your hands. It is a beginner solution plus it involves only a very low budget.
I already mentioned this option above, but here it is again for you with some benefits and features that each one is providing.
Remember there is a 30 day money back guarantee and all of them have a very good price/quality relation.
Some benefits/features of the software
1. CB transcription software
2. Offervault transcription software
4. No Cost Free “Secret Transcription Solution” + Best Free Transcription Software Free Pdf Download (My Secret Rolodex)
This option is a Do it Yourself solution, but its free. It takes a bit more time so this is why its a great way for newbies to learn the process naturally by themselves first. It does not involve any budget because its free.
Check out my Secret Do It Yourself No Cost Transcription Solution right here!
into pdf with method (yt method into text into quilbot) or a video training
Further Reading Beyond Transcribeme Vs Transcribe Anywhere Legitimate Transcription Companies for Beginners to Advanced Users
Top 10 Transcription Online Services Listicle here to reference all of the online transcription companies and services in order to prevent issues and problems with frustrating transcription interface and software, limited storage space, lower quality work, connecting things together, synchronization issues, audio recording technical issues, voice issues, inexperienced transcriptionist issues, and pricing.
Transcribeme Review
Transcribeme Anywhere Review
Comparison Transcribeme Services Companies That Are Easy To Learn
Transcribeme Free Trial
Transcribeme Anywhere Free Trial
Transcribeme Transcription Samples
Transcribe Anywhere Transcription Samples
Top Legitimate Online Transcription Jobs
Transcribeme Login
Transcribeme Anywhere Login
What Is Transcribeme
What Is Transcribeme Anywhere
What Are The Most Important Benefits Of Using Transcribeme
What Are The Most Important Benefits Of Using Transcribe Anywhere
How To Subscribe To Transcribeme On Google Chrome
How To Subscribe To Transcribe Anywhere On Google Chrome
How To Get Started With Transcribeme PDF
How To Use Transcribeme Online Transcription Services For Beginners
How To Use Transcribeme On The Computer Windows 10 And Chrome
Transcribeme User Guide Pdf Free Download
More to come…
Best Side Hustles to Pay off Student Loans Fast
Best Side Hustles to Pay off Student Loans Fast – The Complete Guide
Introduction: What is a Side Hustle That Helps Pay Off A Student Loan?
The average student loan debt in the United States is $37,172. This is a lot of money to pay off and it can take years to do so. However, there are some side hustles that can help you pay off your student loans faster.
It talks about the different ways to make money and how to find a side hustle that suits you.
The article details the best ways to pay off a student loans in just a few years. There are lots of ways of making money such as freelancing, starting your own business, and selling items online. It also talks about how to find the right side hustle for you by considering what skills you have and what time you have available.
A side hustle to pay off a student loan is an additional source of income that a person has on the side. It can be second income opportunities like starting a blog, selling items online, or providing online services.
Some people might have more than one side hustle and work on them in their free time. For example, someone might work at a restaurant during the day and sell clothes on Etsy in their free time.
The term “side hustle” came into use around 2010 when there was an increase in people wanting to earn money from sources other than their regular jobs.
How to Find the Best Side Hustles To Pay Off Student Debt
Side hustles are not as rare as they used to be. There are numerous people who have a side hustle and do it for enjoyment or to make some extra money.
In this article, we will explore the best side hustles for you. We will also provide information about how to find the best side hustles for you and how to use them to make money.
So how do you find the best side hustles for your situation? There are a few different ways to find the best side hustles for your particular situation.
The first way is to ask yourself what your current skills and talents are. What can you excel at? What are your strengths? What do you enjoy doing?
For example, if you’re good at design, then maybe a side hustle as an online freelancer might be a good idea. If you love animals and have a lot of time on your hands, then maybe pet sitting could be an option. If cooking is something that makes you happy, then food delivery could be something worth looking into.
The best way to find the best side hustles is by doing research on what type of work you enjoy doing, what skills you have, and how much time you want to spend on your side hustle. each week.
The side hustle you choose should also align with your lifestyle choices, such as if you want to be able to work from home or travel often. In many cases, the best side hustles are ones which offer a decent hourly rate. However, you should also consider the expenses and feelings that come with the work. All the best side hustles are in this list below.
How to Make Money with Your Side Hustle To Pay Off Student Debt
There are many ways to make money with your side hustle. The most common way is to sell a product that you have created. This could be anything from a physical product like jewelry or clothing, to a digital product like an eBook or an online course.
Some people sell their skills as well, for example as a consultant for businesses or as an expert in a field that is in demand. Others use their side hustle to create and offer services such as photography, pet sitting, babysitting, house cleaning etc.
As you can see by now side hustles are a great way to make money on the side and they really can be anything from selling your old clothes on eBay to starting a blog.
There are many ways to make money with your side hustle, but it is important to know what you want out of it before you start. To make it as easy for you to find side hustle ideas, we have created a list of popular options below.
This list is not meant to be exhaustive, but these are some of the most popular side hustles to help you pay off your student loan fast.
How Much Money Can You Make from Your Side Hustles To Pay Off A Student Loan?
The answer to this question is different for everyone. The amount of money you make depends on the time and effort you put in, your skillset, and the type of side hustle you decide to pursue.
We will be exploring how much money one can make from their side hustles by looking at a few different types of side hustles.
Some people have found success with their blogs, while others are able to make a decent living from YouTube videos. There are also those who turn their hobby into an income-generating business by selling items on Etsy or starting up their own online store.
Some of these side hustles might be a good fit for those with little or no experience in their field, while others might require years of experience and training.
The amount of money you can make from your side hustle will also depend on how much time you are willing to spend. However, don’t let this discourage you from pursuing your dream side gig. If a side hustle is in line with your skills, experience and passions, then it might just be the stepping stone to the career of your dreams.
List Of Best Side Hustles to Pay Off Student Loans Fast
1. Rent out your room on Airbnb.
If you have a spare room in your house, why not rent it out and get some extra cash? Airbnb is a great place for people who have a spare room.
2. Plant a garden and sell produce.
Gardening is a great way to enjoy the outdoors, earn some cash, and make healthy food for your family! It’s also a way to get your hands dirty in nature and have something of your own that you can take pride in. If you’re looking for ways to start a garden, start with a small space such as an unused balcony or front porch and focus on growing vegetables that will have the longest lifespan, like broccoli, Brussels sprouts, cabbage, and kale.
3. Sell items on a website like Etsy or Ebay.
If you’re creative in any way at all, trying to sell handmade items on an etsy store is a great way to earn some extra cash while also having something unique and personal that you can take pleasure in. Ebay is a similar option that allows you to sell your digital products. If you’re looking for more traditional ways to sell your items, try putting an ad in the local paper, posting flyers around town or put up signs at a local events.
4. Join a new kind of job.
Online tutoring is one way to make some good money, but there are plenty of other opportunities for jobs that pay well. Becoming an insurance agent requires little education, which makes it easy to earn income in this industry as a professional or even work at home. Other options include being a personal chef, freelance writer , and salesperson.
5. Create a side hustle.
Freelance work is not always easy to find, but it can be done on the side of your regular job in some cases. This, combined with the income from your main gig, will help you make extra cash for necessities or an enjoyable weekend away with friends and family.
6. Get a part-time job at your local grocery store.
If you have to get groceries anyway, why not get paid for it? Local stores that many people pass by often are always looking for people to staff their shelves and handle customers. Once you’re gainfully employed, this job can become a break between shifts or bring in extra cash on the weekends.
7. Get a job at the mall or a local community center.
Open-air shopping centers usually have extra staff for the summer to help with customers and provide security. Plus, it’s an easy way to be around other people and make connections that could lead to future work opportunities in different industries.8. Become a babysitter or nanny . Parents need help during the summer and kids are usually less demanding because they’re out of school.
8. Tutoring is a great side hustle to pay off student debt.
It is a flexible job that can be done from home or anywhere with an internet connection. Tutors can work as much or as little as they want and set their own rates. The tutor’s role is to help students learn the material in a way that makes sense to them, and to help them develop skills in the subject area.
Tutors are often called upon for one-on-one sessions, but they may also teach small groups of students at once. They also may take on the responsibility of helping a teacher plan a lesson. A tutor’s rate should be set according to their experience and expertise in the subject, so they have flexibility to charge less or more depending on what their students can afford. Whether you are tutoring one-on-one, teaching a group of students or planning lessons on or offline, your rate should be set accordingly.
9. Online tutoring
Online tutoring is a side hustle that can help pay off student debt. It is a great way to make money and gain experience in the education field.
The online tutoring industry has grown exponentially in the past few years. There are many platforms that offer this service, such as Tutor.com, Chegg Tutors, and Wyzant. These platforms allow students to find tutors for any subject they need help with and also allow tutors to find students who need their help.
There are many benefits of online tutoring as a side hustle to pay off student debt:
-It can be done from anywhere with an internet connection
-It can be done at your own pace
-It is flexible
10. Look into a campsite or summer camp near you.
Camping is a great way to get out of the city and enjoy nature. It’s also a great way to make some extra money. Campgrounds are always looking for people to work during the summer months.
The average campground needs about 10-12 employees per season, and they’re willing to pay $10-$12 an hour for your time. That’s not bad considering you’ll be getting paid in cash, and you’ll have plenty of time off during the day to explore the area or go on hikes.
Some campgrounds will even provide housing for their employees, so you won’t have to worry about finding a place to stay while you’re working there.
11. Volunteer at a local animal shelter or rescue organization.
You’ll be able to see these amazing animals in action and make a difference while doing it!
12. Uber and Lyft
Uber and Lyft are two of the most popular ride-sharing apps in the United States. They are both available in more than 600 cities and offer a variety of services, including carpooling, bike sharing, and public transit.
Lyft is a peer-to-peer service that connects drivers with passengers who need rides. The company was founded in 2012 by Logan Green and John Zimmer. Lyft is now available in more than 300 cities across the United States.
Uber is an on-demand transportation company that offers ridesharing services through its app. It was founded by Travis Kalanick and Garrett Camp in 2009. Uber has been operating since 2010 and is now available in more than 600 cities around the world.
The driver side hustle job is an opportunity for people who want to make some extra money on the side, but don’t have their own car or don’t want to drive for Uber or Lyft full-time.
The hustle job can vary from driving for a company like Uber or Lyft to delivering packages for companies like Amazon Prime Now, Postmates, or others.
Some of the other ways people find and get these jobs are by signing up with a local car pooling service, posting your availability on websites like TaskRabbit or Craigslist, and asking friends to refer you to people who need a driver.
Conclusion: The Best Ways To Pay Off Student Loans Fast With A Side Hustle
In conclusion, there are many ways to pay off student loans fast. One of the best ways is to adapt your side hustle to your personal and financial needs, your lifestyle, your experience, your personality, and your future career goals. If you are looking for ways to pay off your student loans fast, then I hope this article was helpful.
Can You Make Money With Side Hustles to Pay Off Student Loans Fast? Here Are Your Paths To Go:
EASY MONEY SOLUTION SIDEHUSTLES
Get Started with a side hustle today because an easy Side Hustle Solution can make you quick money if you need it fast. You can always go with this solution first and earn some quick bucks and then go with option 2 once you earned some money from side hustles and know your way around. Once you feel confident with the side hustle route, I recommend to go for option 2 next to make a bit more money and scale up your skills.
MAKE EVEN MORE MONEY AS A FREELANCER SOLUTION
Learn how to be a freelancer and start your own independent freelancing business online doing the side hustle of your choice but without going through a third party company like a transcription service or an outsourcing company like Fiverr or Upwork where you earn only a smaller percentage of the work as opposed to doing the work independently and direct to the client.
This will make you very good money to support your family, but think about long term option 3 below as you are making some good money as a freelancer so that you don’t stay stuck providing services for others forever because you can not scale from this position other than becoming your own big service or outsourcing company and recruiting other service providers. If this is your thing go for it, but it is way too much work for the kind of money you will make in the end.
Trust me because I have friends who do this and their whole companies are dependent on them being there. They don’t go on vacation with their family and they are stuck forever. If you go for option 1 and 2 your potential to make money really is dependent on your work load and this is not a passive income path. If you don’t do the work yourself or through other people that you are recruiting you are out of money quickly.
Consider option 3 for retirement type of money that you can generate passively without actually having to do the tedious side hustle work yourself every single minute of your day in order to produce monthly income. Check out option 3 below once you are satisfied with what you’ve earned with your side hustle or freelance business.
Once you have enough money from path 1 and 2 above to support your new path 3 which I describe below as a third solution, you will be able to really break free from your 9 to 5 job as a side hustler and or freelancer.
After you’ve gone through the side hustle and freelance game for a while (It took me around 3 years to get there after 1 year of straight side hustles and 2 years of freelancing) you should have accumulated enough experience and money in order to be able to transform into a long term serious online business that is making passive monthly recurring income.
This transformation will change your life and lifestyle forever!
This is what the true Internet Lifestyle is all about. Bye-bye Side Hustles & Freelancing welcome Financial Independence!
DONE FOR YOU LOW COST SOLUTION
If you want to build your online business the right way together with an expert who has done it successfully over and over again, click here to check out how you can partner with someone who knows what they are doing!
This solution requires a very low cost investment (I am talking Starbucks type of low investment:)). In my opinion this is the very best way to get started ASAP to make money online.
This path will save you so much effort, time, stress and trouble which will offset your tiny little investment in spades. It is a laughable comparison of how much you will gain from this solution as opposed to the ridiculous tiny monetary amount that you will have to spend on it. Check it out right here! Thank me later:)
Further Action Steps & Paths To Go From Side Hustles & Freelancing to Passive Monthly Recurring Income
Further Reading About Best Side Hustles to Pay Off Student Loans Fast
Top 25 Ways To Make Money Online Explained
Best Money Hacks And Side Hustles to Pay off Debt
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