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Employee Retention Credit — Eyes Open

The IRS recently announced that scams from promoters pitching the Employee Retention Credit (ERC) to unwary business owners is the top of the “dirty dozen” list of tax cons this year. As I’ve written about previously, business owners need to be eyes open about the ERC – and work closely with their CPA/trusted tax advisor about whether they may qualify for the ERC.


Can You Qualify for Both PPP and ERC?

  • ERC, PPP

Along with PPP, the most critical stimulus relief provided by the government was the Employee Retention Credit (ERC) which can deliver seven-figure cash refunds to business owners. Now both can be claimed together.

A Guide to Understanding Employee Retention Credits

A Guide to Understanding Employee Retention Credits

  • ERC

The last two years have forced many beloved restaurants to shut down or drastically reduce their customer capacity and services due to federal, state, or local government-mandated closures. Washington, recognizing the hardships these establishments have faced, has passed legislation to help address the cost of these operational adjustments to COVID orders.

Employee Retention Credit — Still The One (The Latest Update)

The Employee Retention Credit (ERC) has proven to be one of the most effective tax policies in helping small and medium businesses and tax-exempt entities weather the economic impact of the pandemic. The ERC provides employers up to $7,000 per employee per quarter in refundable tax relief for the first three quarters of 2021 (and a reduced benefit for 2020).


Everything Manufacturers Need to Know About the Employee Retention Credit

The Employee Retention Credit (ERC) originally was introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020, and since the passing of the Consolidated Appropriations Act of 2021 in December 2020, this provision has been expanded significantly to reward more business owners for keeping employees on the payroll throughout the pandemic.