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 in revenue or have been … Read more
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 or have been forced to … Read more
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 your relatives. Here are some … Read more
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 addition to a tax credit, … Read more
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. If you aren’t sure what … Read more
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 of the many solutions that … Read more
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 provides businesses with the opportunity … Read more
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 opportunity for recovery start-ups to … Read more
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 for their benefit. Over the … Read more
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 of the pandemic. PPP and … Read more