The Employee Retention Credit (ERC) remains one of the best tax benefits out there for small and medium business – as well as tax-exempt entities – to keep doors open and employees on payroll during this difficult economy.
It’s well known that home care providers are prime candidates for claiming the Employee Retention Credit (“ERC”), which was enacted by Congress to reward businesses for their efforts to keep employees on payroll during the pandemic. But is your credit provider doing things the right way or just telling you a number to write on your tax form?
Unfortunately, the actual number of SMBs and charities taking advantage fell far below that due to
misinformed business owners lacking a full understanding of the credit and its qualifications.
The COVID-19 pandemic has significantly impacted the construction industry, which is sensitive to economic cycles. But thanks to its potential to create jobs, recovery in the construction industry will also fuel the recovery of the American economy as a whole.