000 during the eligible time period. Based on the 2020 rules for claiming ERC, you can claim 50% of qualified wages up to $10,000 per employee. In this case, you would be able to claim the maximum $5,000 credit for each employee, giving you a total credit of $25,000 for your fi...
Collect your tax credit.Once the IRS processes your loan application, your tax credit should be issued, typically within two to eight months. Because of the complexity of the rules for claiming the ERC and the possibility of error or oversight that could impact your business, you should consult...
This is only available for a limited time, and expires over the next two years. No financial risk. If you don’t qualify or receive any refund, you will owe us nothing. Not very difficult to qualify, but it can be complicated with unique rules and laws. This is not a “do-it-yours...
EY Employee Retention Credit (ERC) professionals have experience in assisting employers with evaluating eligibility and claiming the credit.
What are the differences between the 2020 and 2021 programs and how does it apply to your business? What are aggregation rules for larger, multi-state employers, and how do I interpret multiple states’ executive orders? How do part-time, Union, and tipped employees affect the amount of my...
This program, however, was created in such a way that only big corporations with a team of lawyers and tax specialists were able to apply. They made the rules for receiving ERC incredibly convoluted and just about impossible for the average business owner to decipher and access this once-in-...
Claim up to 3X the Employee Retention Credit (ERC) worth up to $26,000 per employee. Our team of exclusive IRS agents ensures you get the maximum refund.
Deadline Feb 15 for sapling activation aka move private address funds to a transparent One of the changes to consensus rules on Feb 15 is the removal of z transactions. Without digging too deeply into the consensus rules, we just want to point out the komodo_defs.h file which is only inf...
The Obama administration’s rules simply extended to HFCs the leak prevention requirements already in place for the same industries for ozone-depleting refrigerants such as CFCs. Now, the Agency has rolled back that extension. The rollback will save industry just $24 million a year, a very smal...
The Employee Retention Credit (ERC) was a refundable tax credit that small businesses could claim during the COVID-19 pandemic. It provided some relief for struggling businesses that kept employees on their payrolls in 2020 and 2021 even when government pandemic restrictions required them to suspend...