Category: ERC

As a business owner, you may be aware of the Employee Retention Tax Credit – also known as the ERTC or ERC – and know that it’s something you can claim on your own. But you may have also heard…

At first glance, the Employee Retention Tax Credit seems like “free money” provided by the federal government to compensate businesses for the struggles they faced during the COVID-19 pandemic.  While eligible businesses can claim up to $26,000 for each qualified…

To date, achievements with ERTC include a payout thus far of over $230 billion in tax credits, with no end in sight, at least until the 2024 and 2025 deadlines have passed. When the COVID-19 pandemic wreaked havoc on the…

As a business owner, you’ve probably heard of the Employee Retention Tax Credit (ERTC/ERC) by now. But you may have also heard that the IRS has increased scrutiny when it comes to looking over ERTC applications and might be worried…

If your business qualifies for the employee retention tax credit (ERTC), take the time to strategically plan how you will use the extra cash flow that comes with it. Your business may qualify for tax credits worth up to $5,000…

When exploring eligibility and uses of the ERTC, many businesses have encountered some confusion about the ERTC and charitable giving. Can businesses use the ERTC to donate to charitable organizations? On the flip side, can charitable organizations qualify for the…

Many coffee shop and cafe owners can apply for the Employee Retention Tax Credit (ERTC/ERC) just the same as owners of other businesses that qualify for the program. The team of tax professionals at Dayes Law Firm can help you…

If you haven't yet taken advantage of the Employee Retention Tax Credit (ERTC), you're not alone. According to the National Federation of Independent Business (NFIB), only 8% of small business owners claimed the pandemic-era tax credit in 2020.  The good…

At the beginning of the pandemic, employment in the United States fell by a combined 22.4 million jobs in March and April 2020. To incentivize employers to keep workers on staff, the federal government created the Employee Retention Tax Credit…