Category: ERC

If you run a business, you know disasters can strike when you least expect them. For instance, a key employee could quit right before a looming project deadline, or a tornado could destroy your office in the blink of an…

The IRS ordered a “moratorium on processing of new claims through year's end” for Employee Retention Tax Credit (ERTC/ERC) claims on September 14 amid concerns of “improper” or “ineligible” applications being sent to the agency. Inaccurate or fraudulent ERTC claims…

If you’ve taken advantage of the Employee Retention Tax Credit, or ERTC, you may wonder what to do with your windfall. The IRS intended the ERTC to help businesses that struggled during the pandemic, but it doesn’t limit what you…

For business owners who may be used to other tax credits and employment incentives, the newness of the Employee Retention Tax Credit (ERTC/ERC) may make it a bit daunting or confusing. Let’s take a look at some of the ways…

If you were one of the many employers who struggled during 2020 and 2021 but retained employees on your payroll, you may qualify for ERTC benefits.  When running a business, you work with many people on different tiers. Can you…

The Employee Retention Tax Credit (ERTC) is a COVID-19 relief measure the government provided to help businesses continue running in 2020 and 2021. This tax credit gave employers what they needed to keep employees on their payrolls. Now, employers can…

When the COVID-19 pandemic hit, employers struggled to keep their businesses open and had to lay off employees. Similarly, employees had to quit to protect themselves or care for their loved ones from COVID-19. In these times of financial distress,…

If you’re unsure how to report the ERTC accurately, you’re not alone. With new tax credits comes inevitable confusion. Don’t worry. The team at Dayes Law Firm is here to break down everything you need to know about ERTC reporting. …

When you’re a business owner, you must be resilient. The COVID-19 pandemic proved this, as many businesses faced extreme revenue loss. The Employee Retention Tax Credit (ERTC) provided some relief by refunding qualifying employers a portion of employee wages for…

Many workplaces shifted to a virtual setting in 2020 and 2021 to accommodate lockdown orders or to follow Centers for Disease Control (CDC) guidelines. Some are asking whether employers can claim the ERTC, or the Employee Retention Tax Credit, with…