Category: ERC

One of the frequently asked questions about the Employee Reduction Tax Credit is whether the ERTC is related to wage reductions. The Employee Retention Credit/Employee Retention Tax Credit (ERC/ERTC) is a major tax benefit available to eligible employers who retained…

The ERC (Employee Retention Credit) is one of the valuable tax deductions your business can claim if you experienced a significant reduction in income levels during the COVID-19 pandemic. The following tips will help you increase tax credits and use…

Some determined entrepreneurs managed to open new businesses even during the first months of the COVID-19 pandemic, which was a rough financial period across the board. Managing a startup business as the world recovered from some of the toughest economic…

If you’re an employer who kept their business running through the COVID-19 crisis of 2020 and 2021, you may be able to claim the Employee Retention Credit (ERC)/Employee Retention Tax Credit (ERTC), part of the American Rescue Plan. But what…

The Employee Retention Tax Credit (ERTC) allows eligible employers to claim payroll tax refunds if their businesses suffered losses during the COVID-19 pandemic in 2020 and 2021 but continued to pay their staff. Understanding the legal ERTC aspects will help…

The Employee Retention Tax Credit offers small and medium-sized businesses a refundable payroll tax credit if they suffered financial losses during the pandemic but still paid wages to their staff. The program comes with numerous eligibility requirements, including company size…

The last thing any business owner wants to contend with is an IRS audit. With so many businesses turning in Employee Retention Tax Credit claims, the agency has announced it is “increasing scrutiny on dubious submissions” and dealing with potential…

If your businesses suffered losses or a workforce fluctuation due to the COVID-19 pandemic, you may qualify for the Employee Retention Tax Credit (ERTC) program. Many businesses experienced severe financial losses during the pandemic yet continued to support their workforces.…

The Employee Retention Tax Credit (ERTC) is a refundable program that allows eligible businesses to claim tax credits on qualified employee wages paid to staff during the peak of the COVID-19 pandemic. If your business continued paying wages despite financial…

The Employee Retention Tax Credit (ERTC) is a tax credit that many small- and medium-sized businesses can claim if they continued paying employees during the pandemic. This credit is also available for businesses that opened during the pandemic, called “recovery…