Category: ERC

There are a lot of myths floating around about the Employee Retention Tax Credit (ERTC/ERC) that make it even more confusing for business owners trying to decide whether or not to apply for it. To try to clear up some…

If your business started operations during the first months of the COVID-19 pandemic, you might be wondering whether or not a startup business qualifies for the Employee Retention Tax Credit (ERTC). In fact, there are special rules for businesses like…

The COVID-19 pandemic halted or vastly impacted the operations of many small businesses, and the U.S. Government stepped in to help give business owners some financial relief.  With the CARES Act (Coronavirus Aid, Relief, and Economic Security) came the ERC…

The Employee Retention Tax Credit, also referred to as the ERC or ERTC, encouraged employers to keep their workers on staff during the early years of the COVID-19 pandemic. The tax credit is for quarterly payroll tax filings from 2020…

During the height of the COVID-19 pandemic in 2020, the economy declined by more than 30% in a single quarter, and the U.S. GDP (Gross Domestic Product) experienced its biggest contraction in over 70 years.  To help keep businesses afloat…

The IRS places some different restrictions on the employee limit for ERTC qualification depending on which year and quarter you apply for. How do you know if your trade or business meets the eligibility requirements for the ERTC? Additionally, is…

As a business owner, you may have heard that the ERTC is a fully refundable tax credit your business can potentially receive. It’s available for businesses and tax-exempt organizations that eligible employers that paid qualified wages to some or all…

One of the eligibility requirements to qualify for the Employee Retention Tax Credit is if the business had to shut down or partially shut down operations during the COVID-19 pandemic. But what are the ERTC shut down requirements that eligible…

A drop in the ERTC gross profit requirement makes many more businesses eligible to qualify for the ERTC. But what is the ERTC, and how do other factors like staying open throughout the pandemic and PPP loans affect your eligibility?…

The Employee Retention Tax Credit (ERC/ERTC) has proven to be an important financial incentive for many businesses. There are a number of steps you can take to determine your eligibility for the ERTC and the benefits you and your business…