Category: ERC

An upswing in false ERTC claims has led the IRS to begin auditing certain business owners who claimed this credit. If you filed for the ERTC, you should be prepared for an audit on the off chance the IRS flags…

The Employee Retention Tax Credit (ERC or ERTC) is a refundable tax credit available to certain businesses that experienced hardships from the COVID-19 pandemic. Determining your eligibility is the first step in claiming the ERC. However, there are a few…

There may still be some confusion among business owners who haven’t yet claimed the Employee Retention Tax Credit (ERTC/ERC) about what the tax credit can be used for and who exactly is allowed to apply for it. For instance, employers…

With up to $26,000 of available funds per employee available as a tax credit, tracking which wages qualify is important to ensure small businesses can claim maximum refunds while complying with IRS regulations. Here is more about which wages qualify…

You’ve probably been hearing a lot about the Employee Retention Tax Credit (ERTC) lately. The ERTC is a tax credit given to companies that were impacted by the COVID-19 pandemic in 2020 and 2021.  Depending on various eligibility factors, businesses…

Although it’s been several months since the last of the qualifying quarters for the Employee Retention Tax Credit (ERTC/ERC), business owners may still have options if they missed out on claiming the credit during that time period. If you haven't…

In 2020, the government introduced the Employee Retention Tax Credit (ERTC) as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The American Rescue Plan Act made several changes to the CARES Act that broadened the eligibility requirements…

When you’re a business owner, you have to learn how to adapt. However, when the COVID-19 pandemic reached its height in 2020 and 2021, even the most savvy business owners found themselves at a loss.  To compensate for some of…

The Employee Retention Tax Credit (ERTC) is a refundable tax credit you should know about if your business lost revenue or had to shut down during the COVID-19 pandemic.  You can still take advantage of the ERTC and use Form…

As a business owner, you know just how much COVID-19 impacted every element of your business. With dwindling employees, plummeting sales, and no end in sight, you probably don’t look back on that time fondly. Fortunately, the government introduced the…