Navigating the basic qualifications for the Employee Retention Credit (ERC) is imperative for businesses seeking financial relief amid economic hardships brought on by the pandemic. A foremost ...

The Bank filed a claim in 2023 to the Internal Revenue Service (“IRS”) for $1.2 million, plus applicable interest, in Employee Retention Credits (“ERC”) for the years 2020 and 2021.

First, it's important to understand what employee retention tax credits are. These credits are designed to help small businesses retain their employees during times of economic uncertainty. The ...

The Employee Retention Credit was introduced as a relief measure to help businesses retain employees during the COVID-19 pandemic. However, the program faced numerous challenges, including a high ...

Learn how to calculate and improve employee retention and turnover rates. Discover strategies to boost retention and reduce attrition.

The credit is 50% of qualified wages paid during this period, but only up to $10,000 per employee of annual wages paid (more on this below, along with the rules regarding owners and their family ...

Tax Facts 8555 / What is the CARES Act employee retention tax credit that was available during 2020 and 2021? Editor’s Note: In September 2023, the IRS stopped processing new ERC claims.

In this blog post, we will discuss everything you need to know about employee retention tax credits, including how to determine eligibility, calculate the credit amount, and the benefits of ...

In the wake of the recent increase in the popularity of the Employee Retention Credit (ERC), many business owners have begun their search for a credible ERC advisor.

The lack of oversight makes the Employee Retention Credit landscape ripe for fraud.

The Employee Retention Credit was offered to businesses that were shut down by government COVID-19 orders in 2020 or the first three quarters of 2021, experienced a required decline in gross ...