[Explained] Nonrefundable Portion of Employee Retention Credit

by Tom Kerr | Mar 23, 2023 | Employee Retention Tax Credit (ERC), Tax Documents

Businesses that retained and paid employees during the COVID-19 pandemic may still qualify for tax refunds by claiming the Employee Retention Credit (ERC). It’s possible because there is still time to analyze payroll records for qualifying wages paid to...

How to Check F941 Refund [Find out]

by Tom Kerr | Mar 21, 2023 | Employee Retention Tax Credit (ERC), Tax Documents, Tax Relief

There are many things more enjoyable than paying taxes, especially if you’re a business owner. Failing to do so, however, can be costly and get you in a lot of trouble. Although some initiatives in 2020 and 2021 from the United States government were designed to...

What IRS Notice 2021-20 Means For Small Business Owners

by Tom Kerr | Mar 19, 2023 | Employee Retention Tax Credit (ERC), Compliance

The Employee Retention Credit is an excellent resource for any qualifying business that was able to keep their employees on their payroll in 2020 and/or 2021. Unlike a tax deduction, the ERC is a dollar-for-dollar tax credit that can offer serious tax relief to...

Qualified Wages For Employee Retention Credit [Complete Guide]

by Tom Kerr | Mar 16, 2023 | Employee Retention Tax Credit (ERC), Tax Documents, Tax Relief

The COVID-19 pandemic was hard on business operations, especially for smaller companies. More than 4,000 small businesses closed during the first three months of the pandemic, and others had to reduce their active employment by up to 50 percent. To help businesses...

Time is Running Out: The 2023 Deadlines for Claiming the Employee Retention Credit

by Tom Kerr | Feb 20, 2023 | Employee Retention Tax Credit (ERC)

Time is Running Out: The 2023 Deadlines for Claiming the Employee Retention Credit  As a small business owner, the Employee Retention Credit (ERC) can provide much-needed relief to businesses that were impacted by the COVID-19 pandemic. But, with key deadlines...