The Internal Revenue Service (IRS) released extensive guidance on the Employee Retention Credit (ERC) in August 2021, which provided helpful…
The employer tax credit (ERC) is not considered taxable income, but, under IRC Section 280C, it results in a decrease…
Businesses still have time to claim the Employee Retention Credit (ERC) on their 2021 tax returns, even though the Infrastructure…
Income tax is payable on taxable income earned by an individual, business, or professional entity. The amount of taxable income…
The Employee Retention Credit is more accessible to small business owners as well as recovery startup businesses who are struggling…
Under section 206(c) of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, an employer that is eligible for…
The way in which a business owner gets paid can have a significant impact on their tax liability. When it…
Many businesses have been evaluating their eligibility for the Coronavirus Aid, Relief, and Economic Security Act (CARES act), including the…
Small businesses were severely affected by the COVID-19 pandemic. To facilitate the impact of the pandemic on small businesses, the…
Due to the coronavirus negatively affecting businesses nationwide, the Employee Retention Credit was initiated by the government in order to…