What is the Employee Retention Tax Credit (ERTC) and how is it different from the Payroll Protection Program (PPP)? I got PPP funds already. Can I also get ERTC? How do I apply for ERTC tax credits? My revenue in Q1 2021 is back to pre-pandemic levels - so I must be ineligible ...
How to track the status of your tax refund 2. Employee retention credit scam Heads up, business owners: The IRS has been monitoring a wave of tactics used by scammers to promote and misrepresent the employee retention credit (ERC), a pandemic-era tax break for qualified businesses. Fraudster...
The IRS has been backed into playing the role of “bad actor,” but in reality, it’s a scapegoat. Remember, the IRS didn’t write the tax code—it only executes policies that are passed to it by Congress. Even with the aid of $80 billion, it will probably be a while before we ...
Employers should retain appropriate records to document the credits from a tax perspective (Forms 941 and 7200 or other applicable filings), as well as documentation for how the amount of the qualified leave wages and qualified health plan expenses were determined. These records should be maintained...
Employers should retain appropriate records to document the credits from a tax perspective (Forms 941 and 7200 or other applicable filings), as well as documentation for how the amount of the qualified leave wages and qualified health plan expenses were determined. These records should be maintained...
Employers should retain appropriate records to document the credits from a tax perspective (Forms 941 and 7200 or other applicable filings), as well as documentation for how the amount of the qualified leave wages and qualified health plan expenses were determined. These records should be maintained...