Category: ERC

The Employee Retention Tax Credit, or ERTC, can bring serious relief to businesses that struggled during the COVID-19 pandemic. Businesses eligible for the ERTC could claim a maximum credit of up to $21,000 for qualified wages paid to employees ($7,000…

The COVID-19 pandemic took a heavy toll on businesses nationwide. Virtually overnight, many businesses had to close up shop partially or totally, costing owners millions in lost revenue. Many employers also lost employees because they couldn’t continue paying them during…

If you’re a business owner in the United States, by now, you’ve hopefully looked into the Employee Retention Tax Credit, sometimes called the ERC or ERTC. If you haven’t yet because you’re not sure you qualify, that’s something you’ll need…

The Employee Retention Tax Credit, also referred to as the ERTC or ERC, has been around for a few years, but many business owners who could take advantage of it may still not fully understand how it works. Some employers…

The COVID-19 pandemic had a serious effect on many businesses. The ERC aimed to reduce this strain by providing companies with financial aid. The ERTC extended through 2021 means your business may be able to claim additional credits. Learn more…

During the COVID-19 pandemic, many business owners struggled to keep their companies running. The government introduced the Employee Retention Tax Credit (ERTC) — also known as the Employee Retention Credit (ERC) — to provide qualified employers with financial assistance. Many…

You’ve probably heard something about the Employee Retention Tax Credit by now. Also known as the ERC or ERTC, the tax credit is being advertised on the internet, television, radio, and more.  But these ads about the ERC don’t always…

The government implemented the Employee Retention Credit (ERC or ERTC) to help business owners reduce the strain of the COVID-19 pandemic. While this is a useful tool, determining how to claim your credit can be difficult. Form 941-X is a…

The government promised business owners financial relief to help them keep their companies afloat after the COVID-19 pandemic. Unfortunately, a delay in the ERC tax credit has jeopardized many businesses. What caused this delay, and how soon can employers expect…

The COVID-19 pandemic impacted many businesses. The Employee Retention Credit (ERC) aimed to reduce this strain. An eligible employer may apply for the ERC if: They experienced a significant drop in gross receipts They pass the ERC suspension test While…