The 10 Biggest Myths of the Employee Retention Credit
The Employee Retention Credit (ERC) is huge! In March 2021, this credit was extended through Dec. 31, 2021 and then expanded as part of the American Rescue Plan Act of 2021.
Supply Chain Disruptions and the Employee Retention Credit
The world of packaging has come out of the pandemic strong and is helping America get back on its feet. In an effort to accelerate American businesses out of recovery mode and back into growth mode, Congress made legislative changes to significantly cut taxes for businesses who kept employees throughout the pandemic through federal incentives.
The Employee Retention Credit: Small And Medium-Sized Businesses And Tax Exempts Are Missing Out On Billions
Most of the news has been heartening as businesses and tax-exempts look to weather the economic storm caused by the pandemic. However, it has been jaw-dropping to see how many business firms (and often CPAs) as well as tax-exempt organizations are failing to take advantage of the Employee Retention Credit (“ERC”) – meant to help businesses and tax-exempt organizations keep the doors open and maintain jobs, or, even better, grow and expand (and create more jobs) during these tough economic times.
Securing Supply Chains With Employee Retention Credits
Navigating the pandemic for a year has been no easy feat for U.S. manufacturers. 94% of Fortune 1000 companies have experienced supply chain disruptions due to the coronavirus, many of which linger to this day.
Opinion: Biden Needs To Focus On Agriculture Next – Here’s How
While much of the economy struggled through the pandemic, agriculture helped keep the country fed and afloat. Much of ag was also considered essential and avoided the lockdowns that crippled most of the nation.
Complexity & Unanswered Questions of the Employee Retention Credit
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.
Post-COVID Outlook and Recovery for Restaurants
Restaurant 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.
Employee Retention Credit: Top Ten Mistakes Of Business Owners And Their Advisors
The 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.
PPP borrowers can now claim 6 important tax credits — a major change from the original rule
Congress passed regulations in December that made several changes to business tax deductions and incentives. They aren’t only in favor of big companies and corporations — small business owners can take advantage of these just the same.
Covid Relief Bill — Significant Tax Relief For Individuals And Businesses
Well it’s like an early Christmas morning, racing down the stairs to see what tax relief presents Santa has left everyone. There are lots of gifts for everyone – businesses, individuals, charities and, especially for those who like their wine, spirits and beer (Santa is thoughtful).