Category: ERC

Did you keep your business open and retain employees on payroll during the pandemic, even though government regulations restricted your operations? As an eligible employer, you may be able to claim the Employee Retention Credit (ERC), a refundable tax credit…

The Employee Retention Tax Credit (ERTC/ERC) offered a major financial lifeline to many businesses that suffered as a result of the COVID-19 pandemic. The tax credit that businesses can claim on qualified wages paid to their employees during certain time…

If you’re a business owner who’s been considering applying for the Employee Retention Tax Credit (ERTC/ERC) but hasn't yet gotten around to doing so, you might want to take care of that task sooner rather than later. There is a…

Business owners who kept workers on payroll during the COVID-19 pandemic while their company suffered restrictions or a drop in revenue because of government mandates can often claim the ERC (Employee Retention Credit). This refundable tax credit gives eligible employers…

Many business owners who paid qualified wages during the COVID-19 pandemic wonder whether ERC credits are tax deductible. The ERC credit is not a tax deduction but a refundable tax credit. Eligible employers can claim the tax credit to refund…

Even though the Employee Retention Tax Credit, also known as the ERC or ERTC, has been around for a couple of years – in fact, it was created via the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in…

There is limited time remaining to apply for the Employee Retention Tax Credit, also known as the ERC or ERTC. But people who run businesses and haven’t yet applied for the credit may not have done so because they’re unsure…

Many business owners have already applied for the Employee Retention Credit, though there is still time to do so if your business is eligible and you still haven’t applied for the ERC. It offers a bit of a financial boon…

In March of this year, the IRS put out a warning to companies trying to scam business owners into applying for the Employee Retention Credit (ERC/ERTC) when they aren’t eligible to do so. And now that the agency is making…

By now, you’ve likely seen ads or heard news about the Employee Retention Credit (ERC), a fully refundable payroll tax credit many business owners can claim on quarterly employment taxes from 2020 and 2021, during the worst of the COVID-19…