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How to Amend Form 941 for the Employee Retention Credit (ERC)

The Employee Retention Credit (ERC) is a helpful benefit for businesses during challenging times. It provides financial relief to employers who have faced difficulties. To claim this credit, you need to fill out a tax form called “Form 941.” This form can be a bit complicated but don’t worry; we’ll guide you through the process… Continue reading How to Amend Form 941 for the Employee Retention Credit (ERC)

Time is Running Out- 2023 Deadlines for Filing for ERC

If you want to get the Employee Retention Credit (ERC) in 2023, you need to act fast because the deadlines are coming up quickly. Don’t worry; we’re here to guide you through the process step by step. Whether you’re a business owner or an employee, we have all the information you need to know about… Continue reading Time is Running Out- 2023 Deadlines for Filing for ERC

IRS Commissioner Announces Backlog of ERC Claims Has Cleared

Great news for taxpayers in the United States! The Internal Revenue Service (IRS) has made significant progress in resolving a large number of Employee Retention Credit (ERC) claims that were waiting for approval. The IRS Commissioner, Danny Werfel, has announced that they have successfully cleared the ERC claims backlog, bringing relief to businesses and individuals… Continue reading IRS Commissioner Announces Backlog of ERC Claims Has Cleared

The End of the Employee Retention Credit (ERC) – What Businesses Need to Know

The Employee Retention Credit (ERC) was a support program for businesses, helping them during tough times. However, a new law called the Infrastructure Investment and Jobs Act (IIJA) has removed this credit for most employers. This change happened in September 2021, and the ERC is no longer available. But if your business is eligible and… Continue reading The End of the Employee Retention Credit (ERC) – What Businesses Need to Know

Is the Employee Retention Credit Real?

In the midst of a lot of confusing information out there, it’s essential to know what’s genuine and what’s not. One thing that’s real and can be helpful is the Employee Retention Credit (ERC). Employee Retention Credit is a special kind of tax credit that the United States government introduced through the CARES Act during… Continue reading Is the Employee Retention Credit Real?

What is Form 8821 and Why is It So Important?

Tax season can be really confusing with all the different forms and numbers to deal with. One form that’s often overlooked is Form 8821. Even though it may seem unimportant, it actually plays a crucial role when it comes to handling your taxes. Think of it like having a helpful guide who can talk to… Continue reading What is Form 8821 and Why is It So Important?

How to File Employee Retention Credit in 2023 for 2020 and 2021

Are you a business owner or HR professional looking to maximize your tax credits and boost your bottom line? Well, look no further! In the wake of the global pandemic COVID-19, the Employee Retention Credit (ERC) has emerged as a lifeline for businesses, providing substantial financial relief. Now, as we step into 2023, it’s time… Continue reading How to File Employee Retention Credit in 2023 for 2020 and 2021

How to Do Employee Retention Credit Calculations: ERC Worksheets

In the fast-paced world of business, retaining top talent has become an increasingly challenging endeavor. As organizations strive to create a workforce that is both dedicated and loyal, they often turn to various strategies and incentives. One such tool that has gained considerable attention is the Employee Retention Credit (ERC). Designed to provide financial relief… Continue reading How to Do Employee Retention Credit Calculations: ERC Worksheets

What Are The Most Common ERC Scams? What To Watch Out For?

The Employee Retention Credit (ERC) is a valuable tax credit introduced by the United States government to provide financial assistance to businesses impacted by the COVID-19 pandemic. This credit serves as an incentive for businesses to retain their employees and continue operations during these challenging times. Understanding the basics of ERC is essential for both… Continue reading What Are The Most Common ERC Scams? What To Watch Out For?

How to Check Your ERC Refund Status?

Discover the peace of mind that comes with keeping track of your financial standing, specifically in relation to the Employee Retention Credit (ERC). The ERC is a refundable tax credit designed for businesses that retain their employees despite facing economic hardship caused by COVID-19. By understanding the status of your ERC refund, you can effectively… Continue reading How to Check Your ERC Refund Status?