ERC
The federal Employee Retention Credit (ERC) was created by the IRS during the COVID-19 pandemic. It seemed to offer a lifeline to many nonprofits struggling to keep employees on board…
When the pandemic hit in 2020, the federal government rolled out the Employee Retention Tax Credit (ERTC) under the CARES Act. Federal government officials and lawmakers created the credit to…
The IRS has unveiled a new opportunity for businesses to correct improper Employee Retention Credit (ERC) claims made for the 2021 tax period. The second Employee Retention Credit Voluntary Disclosure…
The IRS has introduced the Employee Retention Credit (ERC) Voluntary Disclosure Program through Announcement 2024-3. The purpose is to allow employers to resolve erroneous claims for the ERC, a refundable…
The Internal Revenue Service (IRS) is stepping up its efforts to combat questionable Employee Retention Credit (ERC) claims. As part of its ongoing efforts, the IRS has announced an initial…
On September 14, 2023, IRS Commissioner, Danny Werfel, ordered an immediate moratorium on processing new Employee Retention Credit (ERC) claims. The moratorium is expected to last until at least December…
The Employee Retention Credit (ERC), also known as Employee Retention Tax Credit (ERTC), is a refundable tax credit established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to…
Special Projects Manager, Erin E. Kidd, MBA, EA, AFC®, has recently authored an insightful article titled “Be Prepared: Employee Retention Credit Audits Have Begun” in the May/June 2023 issue of…
Employers that meet the eligibility criteria have until April 15, 2024 to claim up to a $5,000 credit for each eligible employee for 2020, and until April 15, 2025 to…
With the introduction of the Employee Retention Credit (ERC), also known as Employee Retention Tax Credit (ERTC), the CARES Act created a lifeline for many businesses to weather the storm…
Get the Credit You Deserve In response to the financial impact of the COVID-19 pandemic, the CARES Act established the employee retention credit (ERC) to encourage employers — including nonprofits…
The Employee Retention Tax Credit (ERTC), also known as the Employee Retention Credit (ERC), is a valuable tax credit that was enacted by the Coronavirus Aid, Relief, and Economic Security…
The CARES Act created a refundable payroll tax credit called the Employee Retention Credit (ERC) for qualified wages paid by an eligible employer between March 13th and December 31st of…
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA) signed into law in December of 2020 retroactively amended the Employee Retention Credit (ERC) to allow eligible employers to…