The tax credit for employee retention is a powerful tool that businesses can use to help them retain their employees during tough economic times. In the Coronavirus Aid, Relief created the tax credit that is refundable along with the Economic Security (CARES) Act in the year 2020. The purpose of this legislation is to help […]
When Will I Get My Employee Retention Credit? Read More »
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses the Employee Retention Credit (ERC), including the rise in scams surrounding the credit. The Employee Retention Credit (ERC) is a tax credit introduced in response to COVID-19 to provide financial relief to businesses that have experienced economic hardships due to the pandemic. It encourages employers
Ask Phil: Employee Retention Credit Read More »
The tax credit for employee retention is a powerful instrument for companies to help retain employees during hard economic times. It was created by the Coronavirus Aid, Relief created this refundable tax credit in addition to the Economic Security (CARES) Act in 2020 . It is designed for employers to ensure that they retain their
The IRS issued warnings to businesses of a rise in Employee Retention Credit scams. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful guidance on how to recognize the warning signs of an ERC scam and what to do if you’ve already fallen victim to one. The post ERC Scams Are on
ERC Scams Are on the Rise – Don’t Fall Victim Read More »
The tax credit for employee retention is an effective business tool to assist retain their employees through hard economic times. In the Coronavirus Aid, Relief created the tax credit that is refundable in addition to the Economic Security (CARES) Act in the year 2020. The purpose of this legislation is for employers to ensure that
IRS Halts Employee Retention Credit Due to Massive Fraud Read More »
The tax credit for employee retention is a great tool that businesses can use to help keep their employees in tough economic times. The Coronavirus Aid, Relief created this refundable tax credit and Economic Security (CARES) Act in 2020 . It was designed to help employers retain their employees on the payroll despite the financial
IRS Shuts Down ERC Program Due To Scam Surge (Employee Retention Credit) Read More »
The tax credit for retention of employees can be a valuable business tool to assist retain their employees through challenging economic times. In the Coronavirus Aid, Relief created this tax credit that can be refunded and Economic Security (CARES) Act in 2020 and is designed to help employers keep their employees on payroll, despite the
The employee retention tax credit is a powerful tool that businesses can use to help retain their employees through difficult economic times. The Coronavirus Aid, Relief created the tax credit that is refundable as well as the Economic Security (CARES) Act in 2020 and is designed to help employers retain their employees on the payroll,
The IRS Just DESTROYED The Employee Retention Tax Credit! (BAD NEWS) Read More »
The tax credit for retention of employees is a powerful business tool to assist retain their employees through hard economic times. In the Coronavirus Aid, Relief created the tax credit that is refundable along with the Economic Security (CARES) Act in 2020 and is designed to encourage employers to keep their employees on the payroll
The tax credit for retention of employees can be a valuable tool that businesses can use to help retain employees during tough economic times. This is because the Coronavirus Aid, Relief created the tax credit that is refundable as well as the Economic Security (CARES) Act in the year 2020. The purpose of this legislation
Do I Need to Amend 941 to Claim the Employee Retention Credit? Read More »