If you are a small business owner, there are some things you need to know about the 2023 qualifications. In fact, you may be eligible for a partial suspension of your business operations, or you may be able to take advantage of tax relief for your employees. You may also be able to take advantage […]
What You Need to Know About the 2023 ERC Qualifications Read More »
A recent survey conducted by the Small Business Administration reported that many small business owners were unsure of what they could do to retain employees. This is a problem, especially for the foodservice industry, nonprofits, and hospitality businesses, which are all affected by the mass layoffs that have occurred. Luckily, there are a few ways
Retaining Employees During Mass Layoffs during the Pandemic Read More »
If you have just started a company in 2023, you may be eligible for the Employee Retention Tax Credit (ERTC). As long as you meet the qualifications, you can receive a tax credit of up to $2,000 for each employee you retain. This can be useful in helping you grow your business. You can use
Employee Retention Tax Credit 2023 Read More »
The employee retention tax credit has recently been extended until 2024. If you are an employer who is considering investing in your company, you should consider all of the options available to you, including this credit. However, you have to be sure that your company meets the requirements for the credit. Qualified wages Whether you
Employee Retention Tax Credit – Extending Until 2024 Read More »
The tax credit for retention of employees is a powerful instrument for companies to help them retain their employees during difficult economic times. The Coronavirus Aid, Relief created this tax credit, which is refundable, in addition to the Economic Security (CARES) Act in the year 2020. The purpose of this legislation is to motivate employers
Ultimate Guide to the 2021 Employee Retention Tax Credit (ERTC) Read More »
If you are planning to claim the employee retention tax credit, there are some important things you need to know. These include how to calculate a loss, how to fill out Form 941-X, and how to claim the credit retroactively. Calculate loss in gross receipts For many businesses the best way to go about retaining
How to Claim Form 941-X For Employee Retention Read More »
The IRS Retention Tax Credit is an incentive for employers to keep their employees. While it is an attractive offer, it can be difficult to know whether or not you qualify for it. This article explains the eligibility requirements and gives tips on how to apply for it. Paying employees while shut down due to
How to Apply For the IRS Retention Tax Credit Read More »
The Employee Retention Tax Credit (ERTC) is a refundable tax credit that is intended to help businesses retain their employees. While it is not known what will happen with the ERTC in 2023, businesses need to prepare for the change by understanding what they can expect. In this article, we will go over some of
What Happens to the Employee Retention Tax Credit in 2023? Read More »
The Employee Retention Tax Credit (ERTC) is a tax credit that subsidizes the cost of recruiting and hiring new employees. It is available to private-sector employers. This tax credit is capped at $10,000 per employee and it is not included in the gross income of the employer. In addition, the amount of the ERTC is
Employee Retention Tax Credit – ERTC Tax Credit 2022 Read More »
If you are a small business in Canada, you may have heard about the ERTC. It is an excellent way to save money on your taxes. However, it comes with some new complexity as well. So, it’s best to learn more about it, particularly the ERTC expiry date and how to make the most of
The ERTC Expiration Date and How to Make the Most of It Read More »