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Benefits of Applying for the Employee Retention Tax Credit in 2023
The Employee Retention Tax Credit (ERTC or ERC) is a valuable program for businesses that have been affected by the COVID-19 pandemic. The program, which was established as part of the CARES Act, provides a credit of up to $26,000 per employee for businesses that have experienced a significant decline...
Think Your Business Doesn’t Qualify for ERC? Consider Material Impact
The Employee Retention Tax Credit (ERTC or ERC) is a fantastic opportunity for businesses that have been impacted by the COVID-19 pandemic. The program, established as part of the CARES Act, provides a credit of up to $26,000 per employee for businesses that have experienced a significant decline in revenue...
How Does the Employee Retention Credit Work for Family Members?
The CARES Act provides relief for individuals and companies affected by COVID-19. When the act was passed, employers received an incentive to keep their employees on the payroll. If you're considering this credit and what it means for your business, make sure that you also learn how it works for...
ERC Is Like a Small Business Grant if You Were Affected by the COVID Pandemic
Only 35% of small businesses have reached or surpassed their pre-pandemic sales levels. The government enacted several economic relief programs to help businesses recover from the COVID pandemic. If you haven't taken advantage of the ERC, you still have time. The ERC can seem like a small business grant. In...
Employee Retention Tax Credit: You’re Running out of Time!
In mid-2021, more than 6 million workers were still out of work because of the COVID-19 pandemic. Many business owners are still struggling to come back from the pandemic and are now faced with a recession. If this is you, you may still be eligible to get relief with retention tax credits. ...
Is ERC Taxable?
Around 62.8% of companies with employees received some kind of financial assistance in 2020. The Covid-19 pandemic had a huge impact on businesses all over the world, with many struggling to stay afloat. Government orders meant that many businesses couldn't operate as normal, resulting in huge financial losses. ERC funds were one...
6 Benefits to Expect: Applying for the Employee Retention Tax Credit
As the COVID-19 pandemic continues to affect businesses across the globe, many companies are struggling to stay afloat. To help alleviate some of the financial burden, the government has established various programs, one of which is the Employee Retention Tax Credit (ERTC or ERC). ERC is a valuable program that...
Employee Retention Tax Credit for Recovery Start-Up Businesses
The pandemic has affected all businesses in one way or another, but startups are among the hardest hit. Many startup businesses have struggled to survive due to the pandemic's impact on the economy. However, the good news is that the Employee Retention Tax Credit (ERTC or ERC) provides a valuable...
What is ERC and How Does It Work?
Every year small businesses pay a nearly 20% tax rate on their earnings. These expenses can have a huge impact on the success of the business and can be very difficult to manage. That's why business owners are always looking for ways to reduce their tax bills and utilize tax credit programs...
PPP and ERC: How ERC Can Benefit Your Business
By 2024, it's estimated that the COVID-19 pandemic will cost the global economy a staggering $12.5 trillion. Small business owners have been struggling to keep their businesses afloat in the wake of a weak economy and labor market. Thankfully, the U.S. government has programs available to help companies in the wake...
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We work with companies Nationwide to help them maximize their Employee Retention Credit (ERC).