Category: ERC

The last thing business owners want to deal with is increased scrutiny from the IRS. Concerns about being audited may keep some employers from claiming the Employee Retention Tax Credit – also known as the ERTC or ERC – but…

The Employee Retention Tax Credit (ERTC) has been a valuable lifeline for millions of small businesses. Thanks to this federal tax credit, companies can claim up to $26,000 in funds for each employee on payroll in 2020 and 2021.  Before…

While the Employee Retention Tax Credit does not directly impact stock options and equity incentives, it can affect how businesses structure their compensation plans. This article explores the interplay between the ERTC and financial employee incentives to help eligible employers…

Employers who operated businesses in 2020 and 2021 can recall how difficult it was to stay afloat. The government introduced the Employee Retention Tax Credit to support struggling businesses. Today, business owners can still retroactively file for the tax credit. …

If you own a retail business, you’re accustomed to the ups and downs of seasonal sales. However, when the COVID-19 pandemic hit, you likely weren’t as prepared for the unpredictable drop in sales in 2020 or 2021. The Employee Retention…

Businesses in the energy industry have numerous opportunities for claiming government benefits, such as research and development (R&D) tax credits, but can they qualify for the Employee Retention Tax Credit? Qualifying for the ERTC is more challenging for energy sector…

Taking advantage of tax credits is a business-savvy move, and the Employee Retention Tax Credit (ERTC) is a good opportunity for businesses recovering from the impact of COVID-19.  This credit allows employers to recover qualified wages they paid in 2020…

If you’re attempting to claim the Employee Retention Tax Credit (ERTC), you might be wondering how employee turnover affects your eligibility. While you can still claim the credit, there will be additional challenges in recordkeeping, especially since many employees don’t…

You may have heard that the IRS is cracking down on fraudulent Employee Retention Tax Credit (ERTC/ERC) applications and that the agency has even ordered a moratorium on the processing of new claims through the end of the year. This…

While the average processing time for Employee Retention Tax Credit (ERTC) claims is currently two or three months, some businesses have been waiting for a year to receive their refund.  If you are still waiting for your ERTC refund, you’re…