Author name: Peter

Have you ever found yourself staring at a hefty tax bill, feeling overwhelmed and unsure if there's any relief in sight? Many small businesses, grappling with the financial impact of COVID-19, can relate to this struggle. However, hidden within the intricate pages of the tax code, lies a valuable yet often overlooked gem that can

Introduction Have you ever wondered how the challenges brought about by the COVID-19 pandemic can actually bring some positive outcomes for your transportation company? It's like navigating through stormy seas, with every wave representing supply chain disruptions and distancing requirements. But amidst these rough tides, there is an unexpected lifeboat called the Employee Retention Credit

Introduction to the Employee Retention Credit The Employee Retention Credit (ERC) can provide much-needed relief to businesses impacted by the COVID-19 pandemic. It is a refundable payroll tax credit introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020. The ERC aims to help small eligible employers with the

Introduction The Employee Retention Credit (ERC) has been a lifeline for many businesses impacted by the COVID-19 pandemic. This tax credit has provided relief to thousands of businesses, but there is still some confusion about whether the ERC is taxable income. In this article, we will explore the tax implications of the ERC and provide