104, 2021

Complexity & Unanswered Questions of the Employee Retention Credit

By |April 1st, 2021|COVID relief, ERC, Featured Update, Packaging & Material Handling|0 Comments

By Dean Zerbe, National Managing Director at alliantgroup and Former Senior Counsel to the U.S. Senate Finance Committee
March 12, 2021
Published in taxnotes.com

The revamp of the employee retention credit under the Consolidated Appropriations Act, 2021 (CAA, P.L. 116-260), has turned an underused relief option into the most potentially powerful credit available to struggling businesses. The mainstream media has not highlighted the positive effect of this provision, much less explained its complexity. I’d like to examine this credit in-depth, especially since the House recently proposed its extension in the upcoming COVID-19 relief bill. This move could translate into many businesses keeping their doors open, and in turn could allow more working Americans to stay on payroll.

In the midst of the pandemic last year, […]

2603, 2021

Post-COVID Outlook and Recovery for Restaurants

By |March 26th, 2021|COVID relief, Featured Update|0 Comments

By Dean Zerbe, National Managing Director at alliantgroup and Former Senior Counsel to the U.S. Senate Finance Committee
March 26, 2021Restaurant owners have had to completely flip their operations to accommodate proper health and safety protocols for over a year now, but the country is finally starting to see the light at the end of the tunnel with an influx of vaccine distribution. 2021 may have some good in store for the industry moving forward.

However, change isn’t going to happen overnight. Business owners and our country’s leaders will have to come together to restore normal operations. Congress recently signed off on a number of provisions in the Consolidated Appropriations Act of 2021 that provide financial aid to business owners in the restaurant and hospitality industries to help expedite recovery from […]

1003, 2021

Employee Retention Credit: Top Ten Mistakes Of Business Owners And Their Advisors

By |March 10th, 2021|COVID relief, ERC, Featured Update, Packaging & Material Handling|0 Comments

By Dean Zerbe, National Managing Director at alliantgroup and Former Senior Counsel to the U.S. Senate Finance Committee
Published in Forbes.comThe Employee Retention Credit (ERC) is a tax credit first put in place last year as a temporary coronavirus-relief provision to assist businesses in keeping employees on payroll. Since then, the ERC has been significantly expanded – and in the most recent relief bill that will be sent to President Biden for signature – the ERC has been extended for all of 2021. Great news for both employers and employees.

Congress – with the ERC – has provided billions of dollars in tax relief for businesses that are keeping employees on payroll. I’ve seen first-hand businesses receive tens and hundreds of thousands of dollars in tax credits for the ERC – providing a night-and-day difference […]

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