Employee Retention Credit (ERC) Claim

ERC Claim Deadline

Deadlines for 2023 Employee Retention Credit Claims: Time is Running Out

If your business has kept its employees employed during 2020 and 2021, it’s likely that you qualify for the Employe­e Retention Cre­dit or ERC. This credit can provide a substantial refund and inje­ct much-needed funds back into your business. Today we will discuss the ERC claim deadline for 2023 employee retention credit claims and what

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How to Avoid Employee Retention Credit Scams

How to Avoid Employee Retention Credit Scams

In today’s business world, there’s a new problem that both employers and employees need to be careful about. These are employee retention credit scams. These scams take advantage of government support meant to help struggling businesses. As companies try to get financial relief through employee retention credits, dishonest people see a chance to cheat and

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How to Use Form 8995

How to Use Form 8995 to Calculate Your Qualified Business Income Deduction

Are you a small business owner or a self-employed entrepreneur looking for ways to maximize your tax deductions and keep more of your hard-earned money? If so, you’re in luck! The IRS offers various tax incentives, and one of the most valuable deductions available is the Qualified Business Income (QBI) deduction. By claiming up to

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Is the Employee Retention Credit Taxable Income?

Is the Employee Retention Credit Taxable Income?

In the world of business and finance, where every dollar counts and every decision has its consequences, the concept of employee retention credit has emerged as a powerful incentive for companies to retain their workforce amidst ever-changing economic landscapes. This enticing tax benefit has drawn the attention of business owners, accountants, and employees alike, raising

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Does The Employee Retention Credit Have A Filing Deadline?

Does The Employee Retention Credit Have A Filing Deadline?

In the ever-evolving landscape of business and employment, one topic that consistently captures the attention of employers and human resources professionals is the Employee Retention Credit (ERC). This tax incentive, introduced to provide financial relief amidst the challenges of the COVID-19 pandemic, has become a valuable lifeline for many companies seeking to retain their valuable

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ERC related scams

How To Identify And Protect Your Business From ERC Related Scams

The Employee Retention Credit (ERC) is a valuable program designed to help small businesses retain their employees during periods of economic hardship, such as the COVID-19 pandemic. However, scammers have exploited this program, targeting unsuspecting small business owners with fraudulent schemes. In this article, we will delve deeper into the nature of ERC related scams,

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A Comparison Of PPP Loans And Employee Retention Credits

A Comparison Of PPP Loans And Employee Retention Credits

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

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