ERTC News

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

Introduction Sailing through stormy seas, trying to keep your business afloat amid the waves of a pandemic, has been a challenging task for many entrepreneurs. The years 2023 and 2023 were a constant battle against an unseen enemy that impactedBy: Ian DawsonTitle: The Employee Retention Credit: Navigating Financial Help in Challenging TimesSourced From: erctoday.com/can-a-closed-business-apply-for-erc/Published Date:

Are you familiar with that sinking feeling when your business is hit with an unexpected financial blow? It could be a sudden surge in overhead costs or a dip in revenue. But what if there was a way to recover some of that money? Enter the Employee Retention Credit (ERC) for Checkers and Rally’s franchise

The tax credit for retention of employees is a powerful instrument for companies to help them retain their employees during challenging economic times. It was created by the Coronavirus Aid, Relief created this tax credit, which is refundable, and Economic Security (CARES) Act in 2020 . It was designed to help employers keep their employees

The tax credit for retention of employees is a powerful tool that businesses can use to help keep their employees in challenging economic times. It was created by the Coronavirus Aid, Relief created the tax credit that is refundable in addition to the Economic Security (CARES) Act in 2020 . It was designed to motivate

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

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