How to Amend Form 941 for Employee Retention Credit (ERC)
As a small business owner, you may be eligible for the Employee Retention Credit (ERC) to help offset the impact to your business from the COVID-19 pandemic. However, navigating the process of claiming this credit can be confusing, especially when it comes to amending Form 941.
How to Calculate the Employee Retention Credit (ERC)
The pandemic has affected virtually every segment of the economy, with some areas bearing more of the brunt than others. Small businesses have been particularly hard hit, incurring significant financial […]
How to Claim the Employee Retention Credit
The Employee Retention Credit is a refundable payroll tax credit to help employers whose businesses were impacted by the COVID-19 pandemic. But how can business owners actually claim the credit?
Who Qualifies for the Employee Retention Credit
The Employee Retention Credit can be a big help for businesses that were trying to stay afloat during the height of the COVID-19 pandemic. But most people don’t know how it works, or who is eligible to claim the Employee Retention Credit. This article will walk business owners through the steps and process to discover their eligibility and claim the payroll tax credit.
7 Common Mistakes to Avoid Before Claiming the Employee Retention Tax Credit
We get it – as a business owner, anything to do with taxes can be incredibly intimidating. Here are the top seven mistakes we’ve seen so you can avoid them and confidently take advantage of the credit available to your business.
ERC 101: Does the Employee Retention Credit need to be paid back?
Because the relief aid was introduced so quickly, many parts of the program have been amended leaving many business owners confused about how to qualify.
Why Compliance with the IRS Is So Important
Claiming the Employee Retention Credit (ERC), Research & Development (R&D) Credit, and the Work Opportunity Tax Credit (WOTC) involves far more than just crunching numbers. Small and mid-sized business owners […]
6 Tips for Claiming the Employee Retention Credit
Filing for the ERC can be daunting so follow these six tips to minimize your frustration and maximize your credit!
Tax Relief Act extends COVID tax credit for employers who kept workers on payroll
The COVID-19 pandemic created numerous challenges for businesses, leaving many employers tired and burned out. Luckily, the federal government has responded to the pleas of business owners and come up with a solution to provide businesses with much-needed aid.
Nonprofit Owner’s Guide to the Employee Retention Credit
During the height of the COVID-19 pandemic, hundreds of thousands of for-profit and not-for-profit businesses were scrambling with finding innovative ways to stay open or having to shut their doors […]
