Category: ERC

The ERTC, also known as the Employee Retention Credit (ERC), has been a lifesaver for many business owners nationwide. If a business qualifies, it can claim credits worth thousands of dollars for every employee on the payroll in 2020 and…

Wondering how to claim the Employee Retention Credit (ERC)? This credit can be lifesaving if you’re an eligible business owner who kept workers on your payroll during the pandemic.  The amount of the ERC varies depending on how many employees…

COVID-19 was more than a health crisis — it was an economic crisis, too. With government-mandated shutdowns, businesses had to close for extended periods of time. Fortunately, the government provided economic relief through initiatives like the Infrastructure Investment and Jobs…

The IRS previously warned that the agency would be pursuing audits of businesses that might have applied for the Employee Retention Credit without meeting important eligibility requirements. Unfortunately, some business owners who did everything right could still end up being…

The Employee Retention Credit (ERC) provided relief for businesses all over the United States when the impact of COVID-19 left small and medium businesses struggling. The credit rewards businesses for keeping employees on the payroll.  This program continues to benefit…

As a business owner, you constantly juggle several tasks at once. Between federal and state taxes, the pressure to be accurate, and complicated tax credits like the ERTC, filing taxes can be time-consuming and frustrating. Are you worried that you’re…

Even though it first became available in 2020, some lingering questions remain about the Employee Retention Tax Credit (ERTC) from business owners who haven’t yet applied for it. Everything from how it works to how the ERTC is different from…

The Employee Retention Credit, or ERC, has been a great opportunity for businesses and employers who suffered from the impact of COVID-19. The credit incentivizes keeping employees on the payroll.  But is the ERC taxable income? If you claimed the…

Many businesses may still be eligible to claim the Employee Retention Tax Credit and not even realize it. The Employee Retention Tax Credit (ERTC/ERC) can help businesses recover from the pandemic during a time when the whole world is still…

In late July 2023, IRS Commissioner Danny Werfel told a special roundtable session of tax professionals that the agency has successfully cleared the backlog of valid Employee Retention Tax Credit claims and is shifting focus to dealing with fraud in…