Category: ERC

If you have yet to file your Employee Retention Tax Credit (ERTC) claim, you’re not too late. The deadlines for filing the 2020 and 2021 credit applications are April 15, 2024, and April 15, 2025, respectively.  However, you must undergo…

The Employee Retention Tax Credit (ERTC/ERC) is still available to employers who are interested in it and eligible to claim the credit, even though the IRS has put in place a temporary moratorium on new claims through the end of…

The ERTC is a tax credit available to companies that experienced a significant decline in gross receipts due to pandemic-related shutdowns. Many transportation and logistics companies experienced disruptions to their operations during the pandemic. However, because these businesses were considered…

Cyclical businesses are those that typically experience poor performance during periods of economic downturn and stable performance during times of economic growth. While many cyclical businesses are prepared to experience seasonal business cycles, even these flexible companies faced significant hardships…

Has the IRS sent you a Notice of Claim Disallowance for your Employee Reduction Tax Credit (ERTC) application? This means the IRS is rejecting your tax credit claim because you do not meet one or several of the eligibility criteria. …

The ERTC is a tax credit available to certain businesses that experienced a full or partial suspension of operations due to the pandemic. But if you operate a public school, is your business eligible for this credit?  Originally, the ERTC…

There is still some confusion among business owners about what the funds from the Employee Retention Tax Credit (ERTC/ERC) can actually be used for. Are there limitations on it, like there are for Paycheck Protection Program (PPP) loans? Can it…

The Employee Retention Tax Credit, also referred to as the ERTC or ERC, has been a game-changer for many businesses. Since employers can potentially claim thousands of dollars per employee through the program, that money can be used to make…

Claiming the Employee Retention Tax Credit (ERTC) can give your business up to $26,000 back for each eligible employee — a sizable chunk of change. But you must ensure that you claim this credit correctly to gain any benefits from…