Category: ERC

If you’re a business owner interested in applying retroactively for the Employee Retention Tax Credit, you should know that there is limited time left to do so. You’ll have to get all of your documentation and your application in before…

Have you applied for the Employee Retention Tax Credit (ERTC) yet? This tax credit under the Coronavirus Aid, Relief, and Economic Security (CARES) Act gives eligible employers up to $10,000 in tax credits per employee on their 2020 payroll taxes…

The government’s goal in passing the Employee Retention Tax Credit (ERTC) was to reward employers for maintaining the same number of full-time employees throughout pandemic-related shutdowns, budget cuts, and supply chain issues. Now that you have your tax credits (or…

Since there have been several government programs implemented to help businesses in the wake of financial challenges from the COVID-19 pandemic, it can be hard for business owners to keep track of what they’re eligible for and which programs may…

The ERTC allows you to claim credit for certain qualified employee wages in 2020 and 2021. When calculating qualified wages, you must ensure the employees you claim credit for meet certain eligibility criteria. For example, you may wonder: Can you…

Part of successfully running a business is planning for the future. However, you can’t plan for everything: No one saw the COVID-19 pandemic coming. Fortunately, the ERTC helped many businesses account for their revenue losses.  While the ERTC addresses past…

The Employee Retention Tax Credit, also referred to as the ERTC or ERC, was implemented as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed in March 2020, and is still available for some businesses…

Business owners have an endless list of financial tasks: payroll, tax returns, and calculating revenue. These tasks only became harder when COVID-19 hit. The ERTC has helped businesses stay afloat and recover since March 2020. Can businesses still qualify for…

The Employee Retention Tax Credit (ERTC) is a refundable tax credit for businesses or tax-exempt organizations to claim for qualified wages paid in 2020 and the first three quarters of 2021. But what are qualified wages, and how do the…