As a response to the COVID-19 pandemic, the US government has implemented several relief programs to help businesses keep their employees on payroll. One of the most significant programs is the Employee Retention Credit...
Category: Firm News
The Employee Retention Credit (ERC) is a tax credit that was introduced as part of the specific Coronavirus Aid, Relief, and Economic Security (CARES) Act. This credit was designed to encourage employers to keep employees...
What is a Trade or Business for Purposes of the ERC?
March 20, 2023
The Employee Retention Credit (ERC) was introduced by the CARES Act in 2020 that helps to provide financial relief to businesses affected by the COVID-19 pandemic. Under this program, eligible businesses can claim a tax...
What Are Qualified Wages?
March 20, 2023
The Employee Retention Credit (ERC) was designed and introduced in 2020 as part of the CARES Act to provide a lifeline to businesses struggling to stay afloat during the COVID-19 pandemic. The credit is designed to encourage...
What Makes the ERC Fully Refundable?
March 20, 2023
The ERC (Employee Retention Credit) is a tax credit introduced by the US government to provide stable financial assistance to businesses affected by the COVID-19 pandemic. One of the most significant and important aspects of...