Employee Retention Credit (ERC) Update

Here’s a recent update on the Employee Retention Credit (ERC) and the new IRS payback scheme. New IRS ERC Payback Program The IRS introduced a second ERC Voluntary Disclosure Program for 2021 claims. Under this program, you can say, “I didn’t deserve the ERC, so I’ll repay 85 percent of my claimed ERC and retain […]
Act Now: Claim Your 2020 and 2021 Employee Retention Credit (ERC)

During 2020 and 2021, you may have qualified for the Employee Retention Credit (ERC). With the ERC, you found (or could find) tax credits of up to $26,000 per employee. That’s a lot. With 10 employees, that’s $260,000. Key point. If you have not claimed the ERC, you can amend your 2020 and 2021 payroll […]
How To Claim The Employee Retention Credit For The First Half Of 2021

Employee Retention Credit, Have you claimed that yet? The Employee Retention Credit was created to help employers keep employees on payroll as part of the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. Signed into law by President Donald Trump on March 27, 2020, it was in response to the […]