Category: ERC

By this point, you have probably heard about the Employee Retention Tax Credit, or ERTC for short. If your organization has elected not to file an application for ERTC, you could be missing out on more than just the up…

Independent bookstores serve as cornerstones of their communities, but quite a few struggle to compete with large national chains. When the COVID-19 pandemic struck, survival became even more difficult. Many bookstore owners were forced to lay off employees or shutter…

The ERTC, or Employee Retention Tax Credit, provides business tax incentives for companies that struggled financially throughout the pandemic. Claiming the credit is rather straightforward for small businesses, but if you own a large business with a complicated structure, you…

At the height of the COVID-19 pandemic in 2020, the federal government created the Employee Retention Tax Credit (ERTC) to help businesses keep employees on their payroll. Since then, the ERTC — also known as the Employee Retention Credit (ERC)…

When the COVID-19 pandemic turned the economy on its head, nearly every industry felt its impact. While businesses like retail stores, restaurants, hair salons, hotels, and events captured the news headlines, many businesses suffered.  Thanks to the Employee Retention Tax…

Since the inception of the Employee Retention Tax Credit ERTC, more than 3.6 million claims have been filed. Given the potential for companies to receive hundreds of thousands to millions of dollars in tax credits, the IRS has begun cracking…

Do you own a hotel, chalet, B&B, or another business in the hospitality industry? The Coronavirus Aid, Relief, and Economic Security (CARES) Act might allow you to claim the Employee Retention Tax Credit (ERTC). The ERTC for hotels and B&Bs…

Many agricultural businesses took a hit during the COVID-19 pandemic because of travel restrictions, disrupted supply chains, and decreased demand from big clients like restaurants and hotels. If you still kept workers on payroll during those tough times, the ERTC…

The Employee Retention Tax Credit (ERC/ERTC) is a refundable payroll tax credit that acts as an incentive for eligible businesses that kept people on staff during the height of the COVID-19 pandemic back in 2020 and 2021. Businesses that qualify…

Has your business claimed the ERTC? If you haven't, are you sure aren't eligible? Many business owners misunderstand ERTC eligibility, leading them to avoid claiming the credit. But if your business is eligible, you could gain up to $28,000 in tax credits per employee. That's…