ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – that you can claim for your business. The ERC is available to both small and mid-sized business...
Oct 25, 2023 Filed under: Employee Retention Credit, Small Business ERC Eligibility Explained: How To Qualify For The Employee Retention Tax Credit Read More Sep 18, 2023 Filed under: Accounting, Bookkeeping, Invoicing, Employee Retention Credit ERC Refund VS ERC Loan VS ERC Grant Read More...
SpiderERC made this confusing process extremely painless. I had no idea I was eligible for this credit in the first place. They explained it to me patiently and took care of everything. Jeremy Sullivan // Gym Owner I thought I'd have to pay my accountant thousands of dollars to get this...
putting money back into the pockets of small business owners affected by the COVID-19 pandemic. If you qualify for this money-saving tax credit but don’t know how to apply for ERC, you’re in the right place.
The IRS has called the amount of misleading marketing around the credit “staggering.” For example, in recent guidance, the tax agency explained that, contrary to advice given by some promoters, supply chain disruptions generally do not qualify an employer for the credit unless the disruptions we...
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...
Step 5: Claim Your Employee Retention Tax Credit If you missed out on claiming the ERC, you’re in luck. You can retroactively claim the ERC and receive your credit in the form of a refund check from the IRS. Deadlines for claiming your credit are: ...