Congress/the IRS have capped the ERC for recovery startups at $50,000 per quarter. With two quarters to apply these credits, that’s $50,000 in Q3, $50,000 in Q4, 2021. So you’re looking at $100,000 tax c...
IRS issued guidance regarding the retroactive termination of the Employee Retention Credit. There are certain stipulations that can impact qualification such as a complete business shutdown, a decline in quarterly gross receipts meeting defined thresholds, or a partial suspension of operations due to a...
“March 2020 came and my business ran into a wall. I got COVID and I wasn’t sure my business would recover from all the work I missed. A friend told me about Adesso360 so I took their prequalification quiz and found out I’m eligible for thousands back from the IRS! I couldn’t...
We’ll break down the percentages, maximums, and specific requirements for ERC-qualified wages to help you understand how much money you could be receiving back from the IRS once you file your 2020 and/0r 2021 Employee Retention Credit claim. And if you don’t have time to calculate your ...