Category: ERC

As part of the CARES Act, the Employee Retention Tax Credit (ERTC or ERC) is an important tax credit that has provided financial relief for many businesses that kept paying employee wages during the COVID pandemic.  However, because of a…

The Employee Retention Tax Credit (ERTC, a.k.a. ERC) aims to reward business owners who retained their employees despite losses and government-issued restrictions during the COVID-19 pandemic. However, business owners who claim the ERTC without thoroughly understanding the eligibility criteria risk…

There is a seemingly endless list of reasons why business owners who qualify to claim the Employee Retention Tax Credit (ERTC/ERC) for their business should do so. One of those reasons is that it could impact retention of your employees,…

In 2020, the federal government introduced the CARES Act to give businesses and residents financial help during the pandemic. The stimulus bill included the Employee Retention Tax Credit (ERTC) — also known as the Employee Retention Credit (ERC) — to…

Congress launched the Employee Retention Tax Credit (ERTC) to help businesses keep their employees on staff during and after the COVID-19 pandemic. While the ERTC has served as a lifeline for employers, it has also served as a lucrative opportunity…

The Employee Retention Tax Credit (ERTC) provided financial breathing room for many small businesses. Once your company collects this refund, it’s in your best interest to use it wisely.  Common ERTC business uses include rewards for employees, investing in new…

Even though there is currently a pause on new Employee Retention Tax Credit (ERTC/ERC) applications, if you haven’t yet applied for the tax credit on behalf of your business and think you’re eligible to do, so there’s still time before…

When you file a claim for the Employee Retention Tax Credit (ERTC), you hope everything goes smoothly. However, due to an influx of false or ineligible ERTC claims, the IRS is conducting thorough compliance reviews of all ERTC in-process claims.…

The Employee Retention Tax Credit (ERTC) is a refundable tax credit designed to help businesses that suffered pandemic-era financial losses keep their employees on the payroll. Unfortunately, the financial opportunity prompted a wave of aggressive ERTC scams promising to help…

As a business owner, you may have heard about the Employee Retention Tax Credit, also known as the ERTC or ERC. It is a refundable payroll tax credit certain businesses can claim on qualified wages paid to their employees if…