Understanding the ERTC Reinstatement Act = Money for Your Business
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Understanding the ERTC Reinstatement Act = Money for Your Business

With the dawn of a new era and unprecedented times, understanding the ERTC Reinstatement Act has become more important now than ever. Businesses across the nation are scrambling to figure out what this act means for their bottom line – can it really provide them with extra money? Well, let’s dive in and take an…

ERC Refund Status for Employee Retention Credit 2023
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ERC Refund Status for Employee Retention Credit 2023

It’s no secret that the IRS struggles to keep up with the millions of tax filings, tax reports, and applications. So has anyone received the ERC refund status? A tremendous backlog for Employee Retention Credit refunds contributes to the ongoing delays. Many businesses have not heard back from the IRS despite filing nine to twelve…

ERC Childcare Centers, Preschools, and Daycare Facilities ERC Eligibility
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ERC Childcare Centers, Preschools, and Daycare Facilities ERC Eligibility

ERC childcare centers and other entities assisting children has been very beneficial for the survival of these types of businesses. Many of these facilities have been affected greatly or even forced to shut down. The Employee Retention Credit will bring new life, funding, and a future. Child Care Centers Funding Necessity for Businesses Since they…

ERC Stimulus 2023 and Business Eligibility
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ERC Stimulus 2023 and Business Eligibility

The government is introducing various measures to support businesses as the US economy recovers from the COVID-19 pandemic. One of these measures still active is the ERC stimulus 2023, which is set to continue through 2024 and possibly into 2025. In this article, we will discuss the ERC stimulus funds, how it benefits US businesses,…

ERTC Reinstatement Act Update 2023
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ERTC Reinstatement Act Update 2023

The ERTC Reinstatement Act is a provision of the CARES Jobs Act passed in 2020 that provides a tax credit for employers that retain employees during the COVID-19 pandemic. The big question is, will the Employee Retention Credit Reinstatement Be Extended? Qualifying small employers are first to receive a CARES Act Employment Retention Tax Credit…

Employee Retention Credit ERC Stimulus
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Employee Retention Credit ERC Stimulus

IRS ERC Stimulus Funds Overview Has your business taken advantage of the largest government ERC stimulus program of all time? The ERC stimulus is a form of payment issued by governments to individuals and households to boost economic activity and stimulate spending during a recession or period of economic hardship. The specific details of the…

ERC Refund Processing Time – Why so Long
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ERC Refund Processing Time – Why so Long

How long it takes to get an Employee Retention Credit refund status can vary. When the ERTC program first came out the ERC refunds were processed rather quickly, most employers were paid in about 2-4 weeks.  But due to the large number of amended filings the Internal Revenue Service has had a very difficult time…

Beware of Non-Refundable ERC Tax Credit vs Refundable in 2023
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Beware of Non-Refundable ERC Tax Credit vs Refundable in 2023

Generally, tax refunds cannot be refunded. The taxpayer will forfeit the credits. Non refundable ERC credits have different attributes than refundable credits due to their non-refundable nature. This tax deduction will decrease your federal income taxes by not requiring you to file returns. Refundable tax credits are helpful to people who want tax relief and…

ERC Revenue Reduction for Employee Retention Credit 2023
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ERC Revenue Reduction for Employee Retention Credit 2023

ERC Revenue Reduction in 2023: Best Tool to Claim Tax Credits When the US Congress initially proposed ERC, there were many concerns about its eligibility. Companies had to demonstrate that the pandemic had severely harmed them to be qualified to file an ERC claim. One of the primary requirements for ERC eligibility criteria was that…

Calculate ERC Gross Receipts Test 2021 and 2020
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Calculate ERC Gross Receipts Test 2021 and 2020

Gross Receipts Impact on ERTC Qualification Many businesses don’t realize there is still time to claim employee retention credit. However, to qualify, employers must fulfill certain conditions. One of the most complex is proving a significant decline in business via gross receipts from 2020 and 2021 against corresponding quarters from 2019.  This can be challenging…

File Employee Retention Credit S Corp Owner

File Employee Retention Credit S Corp Owner

ERTC for S Corp Owners Qualified? The past few years have been uncertain times for business owners. The pandemic tested our commerce and financial systems to their limits, encouraging the government to introduce relief acts. Our focus is on Employee Retention Credit S Corp owner. This includes the Employee Retention Tax Credit (ERTC and ERC)….

ERTC for Hotels and the Hospitality Industry now Available
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ERTC for Hotels and the Hospitality Industry now Available

ERTC Assistance Still Available for Hotels in 2023 ERTC for hotels and other hospitality industries helped employee retention during the 2020-2021 timeline. Many local hotels received tax credits (per employee) quarterly to keep them on the business’s payroll. The Employee Retention Tax Credit ERTC for hotels was a hope of light in the dark months…

ERC Health Fitness Centers: Gyms and ERC Group Fitness Facilities Qualify 
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ERC Health Fitness Centers: Gyms and ERC Group Fitness Facilities Qualify 

The pandemic impacted most businesses dramatically, but the fitness industry was hit harder than most. ERC health fitness centers can help bring money back into your facility. Let’s look at how to take advantage of this amazing government stimulus program. Understanding ERC for Fitness Facilities The Employee Retention Tax Credit (ERTC) program by CARES Act…

Understanding Employee Retention Credit for Employees 
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Understanding Employee Retention Credit for Employees 

ERC Program and How Does it Affect Employees The Employee Retention Credit for employees is a comprehensive program to reward businesses that kept their employees during the global pandemic period. Since the pandemic led to a global lockdown, thousands of businesses worldwide have suffered. Many companies laid off their employees to ensure survival. The CARES…

ERC Construction Eligibility Available
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ERC Construction Eligibility Available

ERC Construction Impacted Industry The recent pandemic left the entire globe in crisis by negatively impacting economies and businesses in nearly all industries. Among the majorly affected industries was the construction industry since all constructions project came to a halt as entire supply chains were disrupted and employees were forced to stay at home. During…

Breaking the Confusion of the ERTC Application
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Breaking the Confusion of the ERTC Application

Why does completing the ERTC application have to be so difficult. Some feel the government wants to offer the program but doesn’t want to make it easy. The truth is there are rules in place to ensure the proper businesses get the money they deserve and there are certain things that need to be determined…

Qualified Wages for Employee Retention Credit
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Qualified Wages for Employee Retention Credit

Qualified wages for Employee Retention Credits are all wages and health insurance benefits paid to an employee during the time period in which the employer is considered an eligible employer. They must have been paid during a time or calendar quarter when a business has been affected by the pandemic. Timeline and Regulatory Changes for…

Recovery Startup Business Employee Retention Credit
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Recovery Startup Business Employee Retention Credit

There is money on the table for new businesses during the pandemic. Its called recovery startup business Employee Retention Credit. If you launched a business just before the pandemic or perhaps while it was going on, we’re sorry for the loss you might have faced. Congratulations on reaching a significant milestone during such a challenging…

ERTC Medical Practices Approved for Tax Credit
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ERTC Medical Practices Approved for Tax Credit

Medical facilities were hit hard during the pandemic. There were many additional restrictions placed on these businesses. The government has initiated a program ERTC medical practices. This allows medical facilities to receive Employment Retention Credit and bring money back into their operations. CARES Act and ERTC Medical Practices Revitalized The CARES Act introduced Employee Retention…

Scared of IRS ERC Audit:  Avoidance in 2023
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Scared of IRS ERC Audit: Avoidance in 2023

The Employee Retention Credit (also known as ERC and ERTC) is a life saver for so many businesses giving them an opportunity to claim money back from the government. There are concerns about getting an IRS ERC audit. This is always a possibility, but we feel that if done correctly, there is no greater risk…

ERTC Health Insurance Costs Apply
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ERTC Health Insurance Costs Apply

Many eligible employers are gaining an understanding of the money the Employee Retention Credit brings to them but often leave out ERTC health insurance costs in their qualified wages paid under their group health plan. This is leaving money on the table. Let’s investigate how this forgotten section of the ERTC program can help encourage…

Harmful ERC Scams: Choosing a Qualified Tax Professional
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Harmful ERC Scams: Choosing a Qualified Tax Professional

It’s essential to be diligent about trending ERC scams. IRS legislation passed in response to the Employee Retention Credit has drawn many suspicious players eager to get a portion of the tax credit intended for eligible employers and small/medium-sized businesses. The newest are so-called ERTC firms that promise owners massive, backdated tax benefits via tax…

ERTC and R&D Credit Can You Claim Both
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ERTC and R&D Credit Can You Claim Both

ERTC and R&D credit can be claimed in the same year. There are specific guidelines that need to be addressed to make sure this is done properly.The COVID-19 pandemic has set a formidable economic climate in the business world, affecting enterprises of all shapes and sizes. Like yourself, every small and medium-sized business owner is…

ERC for Restaurants: Are They Eligible
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ERC for Restaurants: Are They Eligible

ERC for restaurants is alive and well in 2023 which is a great thing. This potential infusion of money can help these establishments get back on their feet. The best part is most restaurants are eligible. ERC for Restaurants Overview and Qualification The COVID-19 pandemic has been brutal for all of us to get through….

ERTC For Churches: Free Money For Churches

ERTC For Churches: Free Money For Churches

As a direct consequence of the COVID-19 pandemic, many charitable organizations only survived because they complied with government directives asking them to temporarily cease operations or limit services. And while there is a widespread misconception that tax-exempt organizations are ineligible for a fully refundable government tax credit like ERC—this is certainly not true. Here’s a…

Receive Federal Money With ERTC for Churches

Receive Federal Money With ERTC for Churches

Due to the COVID-19 epidemic, some charity organizations only stayed afloat because they agreed with government regulations requiring them to suspend operations or reduce services temporarily. While people may think that tax-exempt organizations are ineligible for a fully refundable government tax credit, such as Employee Retention Credit, this is not true. Employee Retention Credit (ERC)…

Who Qualifies for the Employee Retention Tax Credit?

Who Qualifies for the Employee Retention Tax Credit?

The COVID-19 pandemic wreaked havoc on the world, and we are still reeling from the aftershocks. The economy went down, businesses went bankrupt, and many had to shut their operations to survive. This meant hundreds of unemployed individuals looking for work. To prevent this disaster from becoming worse, the US government introduced the Coronavirus Aid,…

What Is ERTC Eligibility, and How Do I Qualify?

What Is ERTC Eligibility, and How Do I Qualify?

Introduced in 2020, the Employee Retention Tax Credit (ERTC) was part of the Coronavirus Aid, Relief and Economic Security (CARES) Act. This credit was introduced to help businesses keep their employees on payroll during the COVID-19 pandemic, which effectively shut down the world. Congress passed the ERTC to prevent the irreparable financial loss and mass…

How Do I Apply For ERC Tax Credit in 2023?

How Do I Apply For ERC Tax Credit in 2023?

The COVID-19 pandemic dramatically altered the corporate world. Many small and medium-sized business workers had to be laid off; as a result, the government launched several programs to help companies survive the current economic storm. One such government initiative is the Employee Retention Tax Credit (ERTC). Even though the ERTC program has several advantages, the…

Main Street Small Business Tax Credit Availability

Main Street Small Business Tax Credit Availability

ERTC and Main Street Tax Credit The impact of the COVID-19 pandemic is still visible. Across the globe, 43% of businesses are temporarily and permanently closed due to the financial crises caused by the COVID-19 pandemic. Employers had to lay off employees to make ends meet or completely shut down their businesses. The government started…