When it comes to running a small business during a pandemic, the phrase 'between a rock and a hard place'comes to mind. The COVID-19 pandemic has hit small businesses hard, with many struggling to keep their doors open or retain their employees. The Employee Retention Tax Credit (ERTC) was introduced to provide relief to small […]

The Employee Retention Credit (ERC) program has been an important lifeline for many businesses during the COVID-19 pandemic. While the program has officially ended, eligible businesses can still benefit from it by submitting Form 941-X to claim any missed opportunities. However, navigating the process of filling out Form 941-X for claiming ERC can be complex […]

The COVID-19 pandemic has affected businesses across the world, resulting in significant financial losses and job cuts. However, amidst this challenging scenario, the Employee Retention Credit (ERC) has emerged as a valuable tax credit that offers businesses a way to recover some of their losses. With a potential payout of up to $26,000 per employee, […]

The COVID-19 pandemic has had a profound impact on businesses worldwide, forcing many to close their doors or reduce operations. To support business owners in retaining their staff during this challenging time, the Employee Retention Credit (ERC) was introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is a […]

The COVID-19 pandemic has had a significant impact on businesses across the globe, with many small businesses facing the threat of closure or bankruptcy. To support these businesses, the government introduced the Employee Retention Credit (ERC), a lifeline for small businesses struggling to retain employees during the pandemic. As the year draws to a close, […]

The Employee Retention Credit (ERC) program is offering up to $26,000 per employee, making it an attractive option for businesses looking to maximize their tax credits. However, filing for the ERC and claiming it through the Form 941-X can be a complex process. According to recent data, only a small percentage of eligible businesses have […]

The COVID-19 pandemic has had a significant impact on businesses, with many struggling to stay afloat amidst economic uncertainty and declining revenues. In response, the government has implemented several relief programs, including the Employee Retention Credit (ERC), to help businesses offset financial challenges. However, navigating the complex rules and regulations surrounding the ERC can be […]

As we navigate through the economic impacts of the COVID-19 pandemic, many businesses are grappling with the challenge of retaining their employees while keeping their operations afloat. Under the CARES Act, the Employee Retention Credit (ERC) was introduced to provide eligible employers with a tax credit against certain employment taxes, encouraging them to retain their […]

The COVID-19 pandemic has had a significant impact on businesses worldwide, leading to unprecedented economic challenges. In response, governments have introduced various relief measures to support businesses and their employees. The Employee Retention Credit (ERC) is one such measure that incentivizes employers to retain employees affected by the pandemic. The IRS recently released 95 FAQs […]

The COVID-19 pandemic has brought about unprecedented challenges for businesses, causing many to struggle to retain their employees and keep their operations afloat. The Employee Retention Credit (ERC) was introduced as a relief measure to incentivize employers to keep their workers on payroll. The ERC provides a valuable tax credit that can offer significant financial […]

The COVID-19 pandemic has had a significant impact on businesses of all sizes, forcing them to confront unprecedented challenges. As a result, the US government has implemented various stimulus measures, including the Employee Retention Credit (ERC), to provide financial assistance to struggling businesses. The ERC is a tax credit that allows eligible businesses to recover […]

The COVID-19 pandemic has brought about a plethora of challenges for businesses, especially when it comes to retaining employees. To help struggling employers, the Employee Retention Credit (ERC) was introduced by the US government as part of the CARES Act. The ERC is a tax credit that rewards eligible employers who retain their employees during […]

The COVID-19 pandemic has brought about a significant financial strain on businesses worldwide, leading to unprecedented losses. In response, the government introduced the Employee Retention Credit (ERC), a tax credit designed to provide financial relief to distressed businesses. But then business owners wonder, is ERC taxable income? The ERC can significantly reduce payroll tax expenses […]

The Employee Retention Credit (ERC) has emerged as a lifeline for small businesses struggling to cope with the economic challenges posed by the COVID-19 pandemic. Unlike other forms of financial assistance such as loans and grants, the ERC is a tax credit that is more accessible and available for both 2020 and 2021. By providing […]

The COVID-19 pandemic has had a significant impact on businesses worldwide, with many struggling to stay afloat amidst economic uncertainty and declining revenues. To provide support for these businesses, the Employee Retention Credit (ERC) was introduced as part of the CARES Act. This program offers financial assistance to eligible businesses to help retain their employees […]