Category: Employee Retention Credit (ERC) Claim

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)

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

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 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

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?

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

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?

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