Author name: Vishal K

During the COVID-19 pandemic, a significant number of small businesses turned to government loan programs to sustain their operations. As restrictions ease and businesses contemplate reopening, finding ways to retain employees becomes crucial. The Paycheck Protection Program (PPP) and Employee Retention Credit (ERC) have emerged as two important avenues for financial support. While both programs […]

During these challenging times, businesses face the dual challenge of managing high staff turnover costs while navigating the complexities of the Employee Retention Credit (ERC) program. ERCs offer tax credits that help offset the expenses of retaining and attracting top talent. However, the intricate requirements of claiming ERCs can overwhelm in-house resources and distract from

The ERC refund process for the IRS may vary in terms of processing time depending on the complexity of the claim and the current volume of applications. Generally, straightforward refunds with proper documentation can be issued within 30 to 60 days of submitting a complete application. However, the ERC review process is meticulous to ensure

The Employee Retention Credit (ERC) introduced through the CARES Act provides businesses in the United States with a valuable tool to reduce costs, cut taxes, and bring back employees during the challenging times caused by the Coronavirus pandemic. However, due to the complex nature of the ERC and the frequently changing guidelines surrounding it, many