Posted on September 28, 2023 by
Joseph Leocata
The introduction and subsequent expansion of the employee retention credit (ERC) offered a valuable lifeline to businesses struggling to preserve jobs and pay workers through the pandemic despite interruptions to normal operations or significant declines in gross revenue. However, over time, the IRS has identified a significant number of schemes perpetrated by criminals to con […]
Posted on January 12, 2023 by
Andreea Cioara
When COVID-19 set off a domino effect of business closings in March 2020, the U.S. government responded with a series of economic stimulus programs to help affected organizations stay afloat. Now, as we enter 2023, one of those relief measures is still available for businesses and nonprofits to apply for retroactively when they meet eligibility […]
Posted on August 19, 2022 by
Andrew Leonard
Although it has been two years since Congress introduced the Employee Retention Tax Credit (ERC) to help businesses and non-profits keep workers employed through the COVID-19 pandemic, many qualifying entities failed to claim the credits on their 2020 and 2021 tax returns. The good news is there’s still time for employers to request a retroactive […]
Posted on August 19, 2021 by
Andrew Leonard
Just as the IRS issued new guidance concerning the Employee Retention Tax Credit (ERTC), Congress is considering a proposal to end the program that would continue offering qualifying taxpayers as much as $7,000 in refundable tax credit per employee each quarter of 2021. Time is truly of the essence for employers to take advantage of […]
