How do we find out more information about the employee retention credit?

Posted on April 20, 2020

Advised that the employee retention credit is a refundable tax credit of 50% of up to $10K in qualified wages eligible employers continue to pay workers between 3/12/20 and before 1/1/21, despite their business suffering adverse consequences of the Coronavirus.

What does the $300 above the line credit mean?

Posted on April 20, 2020

We are awaiting regulations from the IRS but the $300 above the line deduction for taxpayers will only be allowed from some 501(c)(3) organizations that a taxpayer contributes to.