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Common Mistakes to Avoid When Applying for the ERC Tax Credit

Although the Employee Retention Tax Credit (ERTC/ERC) is widely available for many businesses to claim, there are some complexities to it that can lead to errors in the ERC application process. There are a number of common mistakes you should try to avoid when applying for the ERC tax credit, and a reputable tax professional […]

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Maximizing Your Business Savings with the ERC Tax Credit

The Employee Retention Tax Credit, also known as the ERC or ERTC, is an amazing tax credit that not enough business owners are taking advantage of. It’s available to most business owners that kept employees on their payroll during the worst of the COVID-19 pandemic, but many employers are not adequately maximizing the business savings […]

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What is an ERC Recovery Startup Business?

The Employee Retention Credit (ERC) is a fully refundable payroll tax credit many business owners are still eligible to claim, even though it applies to quarterly employment taxes businesses were required to pay for tax years 2020 and 2021. There are specific guidelines to follow to apply for the ERC retroactively, particularly when it comes […]

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How Do You Calculate the ERC Tax Credit?

The Employee Retention Credit, sometimes called the Employee Retention Tax Credit or ERC/ERTC, is a tax credit introduced by the United States federal government to reward employers for keeping W2 employees on payroll during the height of the COVID-19 pandemic. Businesses were eligible to claim the tax credit for both years 2020 and 2021, but […]

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How Does the ERC Interact with Other Tax Credits and Deductions?

The Employee Retention Credit – a fully refundable payroll tax credit also known as the ERC or ERTC – incentivized businesses to retain employees in response to the COVID-19 pandemic. It applies to certain qualified wages paid to employees from March 13, 2020, to December 31, 2020, before the American Rescue Plan Act of 2021 […]

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ERC Audits: What to Expect and How to Prepare

The Employee Retention Tax Credit (ERC/ERTC) is a refundable payroll tax credit that has been a lifesaver for a lot of businesses. It has provided a great deal of economic relief to eligible employers – offering up to $26,000 per W2 staff employee. However, although many employers may qualify for the credit, the application process […]

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How to Calculate Your ERC Eligibility and Benefits

There are a lot of nuances and some complexity when it comes to applying for the Employee Retention Tax Credit (ERC/ERTC). There are several steps you should take to determine your eligibility for the ERC and the benefits you may be able to receive through this program established under the Coronavirus Aid, Relief, and Economic […]

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What Should I Do if I Receive an IRS Notice Related to the ERC?

If you applied for the Employee Retention Tax Credit, and later received a notice from the IRS, don’t panic. The agency could be asking you for a range of different types of information, and it’s not always necessarily a bad thing to hear from them. But if you do receive an IRS notice related to […]

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How Long Will the ERC Be Available?

The Employee Retention Credit, also known as the ERC or ERTC, was established by the federal government to offer financial relief to small businesses that kept employees on the payroll throughout the COVID-19 pandemic.  Although COVID is still a public health concern, the ERC program isn’t perpetually ongoing, and there are deadlines you should be […]

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Why Use a Tax Law Firm To File Your ERC Claim?

As a business owner, you may have heard about the Employee Retention Tax Credit, also known as the ERC or ERTC, but have not gotten around to applying for it yet. Or, you may have heard that the IRS is cracking down on companies acting in bad faith to lure unsuspecting business owners into applying […]

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