Category: ERC

Filing taxes each year or each quarter can be a daunting task for many business owners. How do you know what exemptions and tax credits your business qualifies for? Eligible employers can claim a tax credit for qualified wages paid…

If your business experienced a decline in gross receipts in 2020 and 2021, you may qualify to receive a refund under the Employee Retention Tax Credit (ERTC). If your business qualifies, you can claim a portion of the wage taxes…

The Employee Retention Tax Credit (ERTC) is not the same thing as the Paycheck Protection Program, also known as PPP, although they may often be mentioned closely together. They are different programs that both benefit businesses and both were passed…

The government response to the COVID-19 pandemic had a massive impact on the hospitality industry, and several states required restaurants, hotels, entertainment venues, and travel organizations to fully shut down or massively shift their way of doing business.  In response…

Most business owners know that the Employee Retention Tax Credit (ERTC) gives businesses up to $26,000 per employee, but there’s a lot of confusion about eligibility and how to file. The deadline to claim ERTC funds is fast approaching, but before…

Many businesses have already filed for the Employee Retention Credit (ERTC) to help them financially bounce back following shutdowns and other government restrictions as a result of the COVID-19 pandemic. If you are the owner of a restaurant that hasn’t…

If you own a business, you’ve probably been hearing a lot about the Employee Retention Tax Credit (ERTC). It is a part of the March 2020 CARES Act meant to reward businesses that retained full-time employees during the pandemic, and…

The Employee Retention Tax Credit (ERTC) allows eligible employers to collect a refundable tax credit amount of up to $26,000 per employee. However, to calculate this tax credit correctly, you need to know what counts as ERTC qualified wages paid…

It’s no secret that the COVID-19 pandemic has financially impacted many businesses since 2020, and continues to do so. The Employee Retention Tax Credit is just one option businesses can look into to try to ease some of the economic…

The ERTC/ERC (Employee Retention Tax Credit/Employee Retention Credit) benefit, designed to compensate employers for keeping employees on payroll throughout the COVID-19 pandemic, can give your business a major financial boost. However, some small business owners report that their ERC application…