Category: ERC

Everyone agrees that a priority during the height of the pandemic was taking care of your loved ones. As COVID-19 worsened, more employees went on sick or family leave to recover and avoid spreading the virus.  With this decrease in…

Some businesses are claiming the tax credit when they aren’t really eligible to do so, which could land them in serious trouble with the IRS. This is just another reason why, if you think you and your business may be…

It’s already been three years since COVID-19 first turned the world upside-down, but its impact on businesses lingers. Supply chains slowed, businesses lost revenue, and some owners had to close their doors.  In response, the government introduced the Employee Retention…

While many people want to think COVID-19 is in the past, busijnesses are still experiencing its economic effects. Plenty of businesses saw significant losses throughout 2020 and 2021.  Employers are using the Employment Retention Tax Credit (ERTC) to make up…

Applying for the Employee Retention Credit, also known as the ERC or ERTC, is more complex than selecting a box on a form and being done with it. Because the tax credit involves previous quarters, business owners who qualify for…

The COVID-19 pandemic took a heavy toll on businesses throughout 2020 and 2021. Many businesses were forced to lay off workers, but a few fortunate ones continued to pay employees even if they weren’t actively working for the company. If…

Did your business close down or have a big drop in gross receipts during the COVID-19 pandemic? If so, you might be eligible for the Employee Retention Tax Credit (ERTC). Eligible employers can claim a credit that’s potentially worth thousands…

The COVID-19 pandemic seriously damaged thousands of businesses nationwide in 2020 and 2021. Over the past few years, plenty of business owners were forced to lay off or furlough employees; some even had to close their doors for good. If…

Business owners have enough to worry about as it is, and the thought of a potential IRS audit is daunting to consider. If you’re an employer and have already turned in tax returns for 2020 and 2021, it might give…

How can the government afford to pay tax credits to thousands of businesses across the U.S.? What economic implications does the ERTC have, and should business owners be concerned?  The COVID-19 pandemic undoubtedly affected the U.S. economy, and the ERTC…