Blog 2 Columns

June 30, 2023

How To Check ERC Refund Status – A Step-By-Step Guide

If you’ve already applied for Employee Retention Credit, it’s natural to have questions and concerns about how your claim is progressing. Here, we’ll take a walk through the step-by-step process so you can gain greater insight into the timeline for receiving your refund, understand why refunds might be delayed and find information on the best...
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June 26, 2023

How To Report ERC On Your Tax Return: A Step-by-Step Guide

Understanding the processes surrounding Employee Retention Credit can be overwhelming. Because it’s such an important program for you and your business, it’s essential that you understand the impact of ERC on your taxes and how to account for your refund amount. Let’s take a look at the most commonly asked questions regarding Employee Retention Credit...
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June 22, 2023

When Does ERC Expire? – The Definitive Answer

Introduction  The Employee Retention Credit (ERC) was a provision laid down in the CARES Act through the IRS which intended to allow businesses to recoup some of the funds that they’d paid out in wages to employees throughout the course of the pandemic. The ERC aims to reward businesses for keeping their employees in employment,...
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March 12, 2022

Securing Federal PPP and ERC Funds

The COVID-19 pandemic continues to rage and cause massive shortages, closures, and mass uncertainty. The government has passed many rounds of legislation over the last year and a half to help provide support for businesses and the nation throughout these times of uncertainty and financial strain. The government passed the Coronavirus Aid, Relief, and Economic...
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February 28, 2022

Qualifying for COVID-19 Credit

The CARES Act of 2020, the government’s response to aiding businesses of all sizes with pandemic relief helped include tax credits for employers. This section of the Act, called the employee retention credit (ERC), helped maintain retention of employees. The American Rescue Plan and the Consolidated Appropriations Act extended the ERC until the end of...
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February 21, 2022

The Changes Due to the Consolidated Appropriation Act of 2021

Necessary Coronavirus Aid, Relief, and Economic Security Act (CARES ACT) was introduced in an attempt to minimize the fallout from COVID-19. The Employee Retention Credit was introduced as part of the CARES Act, initially passed in March of 2020. This package was proposed to support Americans and businesses impacted by the pandemic. Hundreds of thousands...
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