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 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?

Top Benefits Of Using An ERC Originator

Employee retention credits, or ERCs, can prove invaluable for businesses struggling with high staff turnover costs. When done correctly, ERCs provide tax credits that offset the price of maintaining and attracting top talent. However, navigating the complex requirements to claim ERCs can overwhelm in-house business resources and derail other key priorities. This article will discuss… Continue reading Top Benefits Of Using An ERC Originator

How Long Does The ERC Refund Process Take

The processing time for refunds issued by the IRS can vary depending on the complexity of your claim and the current volume of applications. As a general guideline, most straightforward refunds for documented losses and costs are issued within 30 to 60 days of submitting a completed application. ERC refund process However, the ERC review… Continue reading How Long Does The ERC Refund Process Take