Tag: ERC

When is the ERTC Program Ending?

In March 2020, several firms were obliged to halt activities that were not required to preserve or defend life. This is where ERTC emerged. How do you qualify and when is the ERTC program ending?  You are qualified for this credit if you had to significantly modify the way you did business when the pandemic […]

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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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ERC Program’s Top 8 Myths

Before diving into the ERC Program’s Top 8 Myths, let’s give you a brief overview of what it is all about. The ERC was established to encourage employers to sustain their employees on their payroll, even when they weren’t working during the pandemic. This program provides job security and the ability to claim credit, which […]

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FAQs for PPP and ERTC Filing

The pandemic took a toll on many economies and individuals. However, small businesses took the biggest hit. Therefore, the ERTC (Employee Retention Tax Credit or ERC – Employee Retention Credit) and PPP (Paycheck Protection Program) was formed to keep these small businesses from drowning at the hands of COVID-19. The core purpose of these two […]

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