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Employee Retention Credit 2022: Essential Qualifications

by February 11, 2022 No Comment

Employee Retention Credit 2022: Essential Qualifications The Employee Retention Credit (ERC) helped businesses stay open when the pandemic started. In 2020, the White House implemented the CARES Act. Since then, business owners have been taking advantage of this new legislation to keep the workforce in their jobs.  If you’re one of the business owners who have not collected this refund, keep reading to learn more. Thousands of business owners collected Payroll Protection Program Loans (PPP Loans) at the start of the pandemic.  This forgivable loan helped struggling businesses keep their employees on the payroll.  It was a necessary and very

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Tax breaks for businesses

The Employee Retention Tax Credit

by December 6, 2021 No Comment

The Employee Retention Tax Credit Were you required to limit your business due to Covid-19? If your business was affected during 2020 or 2021, you may be entitled to apply for the Employee Retention Tax Credit. This is a large refundable tax credit provided by the federal government to give relief to fully or partially locked down businesses that kept employees on the payroll.   There are eligibility rules limiting the number of businesses that can participate in these programs, including if your business was forced to close, fully or partially, by order of a government mandate. Did the state

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