Tag: Employee Retention Credit

ERTC Funds for Medical and Dental Practices

During the epidemic, an economic collapse severely hit medical practices, dental practices, and hospital-affiliated groups. Those who had their activities interrupted due to pandemic-related governmental directives still have the option of receiving monetary relief. This can be in the form of a refundable employee payroll tax credit known as the Employee Retention Tax Credit. The […]

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Hotels and Restaurants Claim Your ERTC Funds

It has been an especially difficult couple of years for restaurants and hotels. The year 2020 was riddled with quarantines, mandates, and apprehension about the unknown. In 2021, the supposed “Year of Recovery,” two new COVID variations arrived, putting pressure on every business, particularly hospitality. The ERTC was created as an aid to help businesses […]

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Is the Employee Retention Credit Taxable Income? 

Is the Employee Retention Credit taxable income? The employee retention credit was a major blessing for small businesses during COVID-19. This gave over 30,000 of them the opportunity to receive more than 1 billion dollars in credit. This significant credit amount benefitted these businesses immensely. How? They received 50% worth of refunds for as much […]

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