Author: Vishal K

Supply chain distribution plays an important role in employee satisfaction and retention within organizations. From providing employees with the tools, materials, and information needed to do their jobs effectively to creating a workplace environment with the least amount of frustration, efficient distribution through a company’s supply chain can dramatically impact employee morale and productivity. So,… Continue reading Is Supply Chain Distribution A Qualifying ERC Factor?

The Employee Retention Tax Credit (ERTC) was created as part of the massive $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide much-needed financial support for businesses affected by the economic fallout of COVID-19. Under the ERTC, businesses can claim a tax credit of up to $26,000 per employee to cover the… Continue reading Is The Employee Retention Tax Credit Taxable

Form 941-X is an important form used by employers and payers to adjust their payroll tax reporting and claim tax credits on behalf of employees. One such tax credit that can now be claimed using Form 941-X is the Earned Income Tax Credit or EITC. Passed as part of the American Rescue Plan Act, the… Continue reading How To Use Form 941 To Claim The ERC

When the COVID-19 pandemic caused widespread business shutdowns and job losses, policymakers created two major programs to aid small employers and incentivize job retention: the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC). PPP provided forgivable loans to cover payroll, rent, mortgage interest, and utilities. ERC granted tax credits for retaining employees during the… Continue reading ERC Vs PPP – What Is The Difference